SANTA CLARA, Calif. — February 25, 2026 — Leads & Copy —
NVIDIA (NASDAQ: NVDA) reported record revenue for the fourth quarter ended January 25, 2026, reaching $68.1 billion, a 20% increase from the previous quarter and a 73% surge from the prior year. The company’s fiscal 2026 revenue totaled $215.9 billion, up 65% from a year ago.
GAAP gross margins for the quarter were 75.0%, while non-GAAP gross margins stood at 75.2%. For fiscal 2026, GAAP and non-GAAP gross margins were 71.1% and 71.3%, respectively.
GAAP earnings per diluted share for the quarter were $1.76, with non-GAAP earnings per diluted share at $1.62. For fiscal 2026, the company reported GAAP earnings per diluted share of $4.90 and non-GAAP earnings per diluted share of $4.77.
NVIDIA’s founder and CEO, Jensen Huang, noted that computing demand is growing exponentially, marking the arrival of the agentic AI inflection point. He stated that Grace Blackwell with NVLink is leading in inference, delivering a lower cost per token, and Vera Rubin will further extend this leadership. Huang also mentioned that enterprise adoption of agents is rapidly increasing, with customers investing in AI compute.
During fiscal 2026, NVIDIA returned $41.1 billion to shareholders through share repurchases and cash dividends. The company’s share repurchase authorization had a remaining balance of $58.5 billion at the end of the fourth quarter.
The next quarterly cash dividend of $0.01 per share will be paid on April 1, 2026, to shareholders of record as of March 11, 2026.
NVIDIA’s outlook for the first quarter of fiscal 2027 includes revenue of $78.0 billion, plus or minus 2%. The company is not including any Data Center compute revenue from China in its outlook. GAAP and non-GAAP gross margins are expected to be 74.9% and 75.0%, respectively, plus or minus 50 basis points, inclusive of a 0.1% impact from stock-based compensation expense. GAAP and non-GAAP operating expenses are projected to be approximately $7.7 billion and $7.5 billion, respectively, including $1.9 billion of stock-based compensation expense. For the full year fiscal 2027, GAAP and non-GAAP tax rates are expected to be between 17.0% and 19.0%.
Key highlights from the fourth quarter include:
Data Center revenue reached a record $62.3 billion, up 22% from the previous quarter and 75% from the prior year. Full-year revenue rose 68% to $193.7 billion. NVIDIA unveiled the NVIDIA Rubin platform, cloud providers like Amazon Web Services (AWS), Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure will be among the first to deploy Vera Rubin-based instances.
The NVIDIA BlueField®-4 data processor powers the NVIDIA Inference Context Memory Storage Platform. NVIDIA announced a partnership with Meta, also NVIDIA revealed that NVIDIA Blackwell Ultra delivers performance and lower cost for agentic AI and expanded AWS partnership with new technology integrations.
NVIDIA debuted the NVIDIA Nemotron™ 3 family of open models and announced an investment and partnership with Anthropic. The company entered into a non-exclusive licensing agreement with Groq and strengthened its collaboration with CoreWeave. NVIDIA also expanded its partnership with Synopsys and announced a co-innovation AI lab with Lilly. NVIDIA joined the U.S. Department of Energy’s Genesis Mission and launched the NVIDIA Earth-2 family of open models. Infosys, Persistent, Tech Mahindra, and Wipro are building enterprise agents with NVIDIA AI.
Fourth-quarter Gaming revenue was $3.7 billion, up 47% from a year ago. Full-year revenue rose 41% to $16.0 billion. NVIDIA announced NVIDIA DLSS 4.5 and launched NVIDIA G-SYNC® Pulsar.
Professional Visualization revenue for the fourth quarter was $1.3 billion, up 74% from the previous quarter and 159% from a year ago. Full-year revenue rose 70% to $3.2 billion. The company launched the NVIDIA RTX PRO™ 5000 72GB Blackwell GPU and expanded global availability of NVIDIA DGX Spark™.
Automotive revenue for the fourth quarter was $604 million, up 2% from the previous quarter and 6% from a year ago. Full-year revenue rose 39% to $2.3 billion. NVIDIA unveiled the NVIDIA Alpamayo family of open AI models and partnered with Mercedes-Benz on the all-new Mercedes-Benz CLA. The NVIDIA DRIVE Hyperion™ ecosystem is expanding to include tier 1 suppliers, automotive integrators, and sensor partners. NVIDIA announced new NVIDIA Cosmos™ and NVIDIA Isaac™ GR00T open models, frameworks, and AI infrastructure for physical AI and expanded its partnership with Siemens and announced a partnership with Dassault Systèmes.
NVIDIA will host a conference call to discuss these results at 2 p.m. Pacific time. A live webcast will be available on NVIDIA’s investor relations website.
To supplement its financial statements presented in accordance with GAAP, NVIDIA uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP other income (expense), net, non-GAAP net income, non-GAAP net income, or earnings, per diluted share, and free cash flow.
Source: NVIDIA
