Nvidia Reports Record Revenue of $68.1 Billion in the Fourth Quarter
On Wednesday, Nvidia revealed record results for the fiscal year 2026, with quarterly revenue of $68.1 billion and annual revenue of $215.9 billion. The Data Center segment generated $62.3 billion in revenue in the fourth quarter, bringing the annual total to $193.7 billion.
Exceptional Quarterly Performance
Nvidia recorded revenue of $68.1 billion in the quarter ending January 25, 2026, up 20% from the previous quarter and 73% year-over-year. The GAAP gross margin was 75.0%, compared to 73.4% in the previous quarter. GAAP net income reached $42.96 billion, up 35% over the quarter and 94% annually. GAAP diluted earnings per share were $1.76, increasing by 35% quarterly and 98% annually. These results reflect strong demand in accelerated computing infrastructure and artificial intelligence.
Annual Financial Highlights
For the fiscal year 2026, Nvidia generated revenue of $215.9 billion, a 65% increase from the previous year. The annual GAAP gross margin stood at 71.1%, while the GAAP net income for the year was $120.067 billion, up 65%. GAAP diluted earnings per share reached $4.90. During the year, the company returned $41.1 billion to shareholders through share buybacks and cash dividends. Nvidia will pay a quarterly dividend of $0.01 per share on April 1, 2026, to shareholders registered as of March 11, 2026.
Outlook for the Next Quarter
Nvidia anticipates revenue of $78.0 billion for the first fiscal quarter of 2027, plus or minus 2%. The GAAP gross margin is expected at 74.9% and the non-GAAP gross margin at 75.0%, plus or minus 50 basis points, including an impact of 0.1% related to stock-based compensation expenses. GAAP operating expenses are expected to be around $7.7 billion, while non-GAAP operating expenses are estimated at approximately $7.5 billion. The group assumes no Data Center revenue from China in its forecasts.
