Nvidia Stock Surges on Record Fiscal 2026 Results as Data Center Revenue Drives Massive Gains

NVIDIA (NASDAQ: NVDA) today reported record revenue for the fourth quarter ended January 25, 2026, delivering a set of results that have immediate implications for nvidia stock and investor positioning. The company posted $68. 1 billion in quarterly revenue and $215. 9 billion for fiscal 2026, alongside strong margins, significant shareholder returns and a conference call scheduled for today at 2 p. m. Pacific time (5 p. m. Eastern time).

Nvidia Stock: Q4 and Fiscal 2026 Highlights

Key financial metrics from the fourth quarter and full fiscal year include:

• Quarterly revenue: $68. 1 billion for the quarter ended January 25, 2026 — up 20% from the previous quarter and up 73% from a year ago.
• Fiscal 2026 revenue: $215. 9 billion — up 65% from a year ago.
• Quarter gross margins: GAAP 75. 0% and non-GAAP 75. 2%.
• Fiscal 2026 gross margins: GAAP 71. 1% and non-GAAP 71. 3%.
• Quarter earnings per diluted share: GAAP $1. 76 and non-GAAP $1. 62.
• Fiscal 2026 earnings per diluted share: GAAP $4. 90 and non-GAAP $4. 77.

Management View and AI Commentary

Company leadership framed the results around an acceleration in AI adoption. Jensen Huang said computing demand is growing exponentially and described an "agentic AI inflection point" as having arrived. He highlighted Grace Blackwell with NVLink as the current leader in inference, delivering an order-of-magnitude lower cost per token, and noted that Vera Rubin will extend that leadership further. Management said enterprise adoption of agents is skyrocketing and that customers are racing to invest in AI compute, which it calls the factories powering the AI industrial revolution and their future growth.

Capital Return, Dividend and Share Repurchase Details

During fiscal 2026, the company returned $41. 1 billion to shareholders through share repurchases and cash dividends. As of the end of the fourth quarter, $58. 5 billion remained available under the company’s share repurchase authorization. The company will pay its next quarterly cash dividend of $0. 01 per share on April 1, 2026, to all shareholders of record on March 11, 2026.

Accounting, Non-GAAP Measures and Outlook for Fiscal 2027

The company reiterated its use of non-GAAP measures to supplement GAAP results. Beginning in the first quarter of fiscal 2027, the company will include stock-based compensation expense in 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 any discrete items and material changes to the company’s tax environment.

The press materials note that reconciliations for fiscal years 2025 and 2026 adjust related GAAP financial measures to exclude stock-based compensation expense, acquisition-related and other costs, other gains/losses and additional items, but that explanatory text in the provided materials is truncated and unclear in the provided context.

Investor Access: Call, Webcast and CFO Commentary

The company will conduct a conference call with analysts and investors today at 2 p. m. Pacific time (5 p. m. Eastern time). A listen-only webcast of the conference call will be accessible on the company’s investor relations website; the webcast will be recorded and available for replay until the company’s conference call to discuss its financial results for the first quarter of fiscal 2027. CFO commentary by Colette Kress is available on the company’s investor relations website.

What This Means for nvidia stock

The combination of record quarterly and annual revenue, robust pockets of margin expansion, aggressive shareholder returns totaling $41. 1 billion, and a continued emphasis on AI compute as a growth driver creates near-term catalytic factors for nvidia stock. Investors will be watching the company’s new non-GAAP presentation approach beginning in fiscal 2027, the maintained share repurchase authorization balance, and management’s characterization of the market opportunity for agentic AI as the next inflection point.

Details released in this set of financial disclosures are specific to the items above; any missing or truncated items are unclear in the provided context and may evolve as the company’s full disclosures and Q&A during the scheduled call are completed.