Nvidia Stock Spotlight: Company Posts $215.9 Billion Fiscal Year and $68.1 Billion Quarter as AI Demand Accelerates
nvidia stock is in focus after the company announced record revenue of $68. 1 billion for the quarter ended January 25, 2026, and $215. 9 billion for fiscal 2026. The numbers matter now because management tied the results to an accelerating shift to agentic AI and outlined near-term shareholder returns and accounting changes that will affect future non-GAAP reporting.
Nvidia Stock and Fiscal 2026 Results
NVIDIA reported fiscal 2026 revenue of $215. 9 billion, an increase of 65% from a year earlier. For the fourth quarter specifically, revenue came in at $68. 1 billion, up 20% from the previous quarter and up 73% from the same quarter a year ago. Management framed the performance as driven by rapidly expanding demand for AI compute.
Quarterly Revenue of $68. 1 billion and Timing
The fourth quarter ended January 25, 2026. Executives scheduled a conference call to discuss the fourth quarter and fiscal 2026 results at 2 p. m. Pacific time (5 p. m. Eastern time) on the announcement date; a live, listen-only webcast will be available on the company’s investor relations website and will be recorded and available for replay until the company’s next quarterly results call for the first quarter of fiscal 2027.
Margins and Earnings per Share
Profitability metrics were strong. For the quarter, GAAP gross margin was 75. 0% and non-GAAP gross margin was 75. 2%. For the full fiscal year, GAAP gross margin was 71. 1% and non-GAAP gross margin was 71. 3%. Earnings per diluted share for the quarter were $1. 76 on a GAAP basis and $1. 62 on a non-GAAP basis; for fiscal 2026, GAAP and non-GAAP diluted earnings per share were $4. 90 and $4. 77, respectively.
Shareholder Returns and Dividend Actions
During fiscal 2026 the company returned $41. 1 billion to shareholders through share repurchases and cash dividends. At the end of the fourth quarter, $58. 5 billion remained available under the company’s share repurchase authorization. NVIDIA will pay its next quarterly cash dividend of $0. 01 per share on April 1, 2026, to shareholders of record on March 11, 2026.
Management Commentary and AI Drivers
Founder and CEO Jensen Huang described what he called an "agentic AI inflection point, " saying computing demand is "growing exponentially. " Huang named specific technologies and platforms in his remarks, stating, "Grace Blackwell with NVLink is the king of inference today — delivering an order-of-magnitude lower cost per token — and Vera Rubin will extend that leadership even further. " He added that "enterprise adoption of agents is skyrocketing" and that customers are racing to invest in AI compute, which the company called "the factories powering the AI industrial revolution and their future growth. "
Accounting Changes, Tax Outlook and Non-GAAP Reconciliations
Beginning in the first quarter of fiscal 2027, NVIDIA will include stock-based compensation expense in its non-GAAP financial measures; the company described stock-based compensation as a foundational component of its compensation program to attract and retain world-class talent. For the full year fiscal 2027, GAAP and non-GAAP tax rates are expected to be between 17. 0% and 19. 0%, excluding discrete items and material changes to the company’s tax environment.
The company uses non-GAAP measures to supplement GAAP financial statements and has provided reconciliations. Those reconciliations for fiscal years 2025 and 2026 adjust related GAAP financial measures to exclude stock-based compensation expense, acquisition-related and other costs, and other gains or losses; the remainder of the detailed reconciliation language is unclear in the provided context.
Investor Materials and Executive Commentary
Colette Kress, NVIDIA’s executive vice president and chief financial officer, provided commentary on the quarter; that commentary is available on the company’s investor relations website for investors seeking greater detail. The company also confirmed the webcast of its conference call will be recorded and remain available for a replay window tied to the timing of its next quarterly call.
Additional Item Titled "Client Challenge"
A separate item in the materials is titled "Client Challenge. " The content of that item is unclear in the provided context.
What makes this notable is the combination of scale—$215. 9 billion for the year and $68. 1 billion in a single quarter—and the explicit link management drew between those results and the rapid adoption of agentic AI, alongside concrete actions on shareholder returns and a forthcoming change in non-GAAP accounting treatment.
