Nvidia Earnings: nvidia earnings show immunity to AI bubble fears as data center revenue climbs
NVIDIA (NASDAQ: NVDA) reported record revenue for the fourth quarter ended January 25, 2026, and the company’s nvidia earnings underline a continuing surge tied to its data center business. quarterly revenue hit $68. 1 billion and fiscal 2026 revenue reached $215. 9 billion.
Results and revenue figures
NVIDIA disclosed fourth-quarter revenue of $68. 1 billion for the quarter ended January 25, 2026, a gain of 20% from the previous quarter and up 73% from a year ago. A separate figure cited the quarter’s revenue as $68. 13bn. For fiscal 2026, revenue was $215. 9 billion, up 65% from a year earlier. The data center business showed 75% year‑over‑year growth to $62. 3bn. The company also posted an overall fiscal‑year profit figure stated as $120bn.
Margins and earnings per share
For the quarter, NVIDIA reported GAAP and non‑GAAP gross margins of 75. 0% and 75. 2%, respectively. For fiscal 2026, GAAP and non‑GAAP gross margins were 71. 1% and 71. 3%, respectively. GAAP and non‑GAAP earnings per diluted share for the quarter were $1. 76 and $1. 62, respectively. For fiscal 2026, GAAP and non‑GAAP earnings per diluted share were $4. 90 and $4. 77, respectively. The company’s quarterly earnings per share figure of $1. 62 beat an analyst estimate cited at $1. 53.
Capital returns and dividend
During fiscal 2026, NVIDIA returned $41. 1 billion to shareholders through share repurchases and cash dividends. At the end of the fourth quarter the company had $58. 5 billion remaining under its share repurchase authorization. NVIDIA said it will pay a quarterly cash dividend of $0. 01 per share on April 1, 2026, to all shareholders of record on March 11, 2026.
Guidance, tax rates and accounting
NVIDIA said that beginning in the first quarter of fiscal 2027 it will include stock‑based compensation expense in non‑GAAP financial measures, noting that stock‑based compensation is a foundational component of NVIDIA’s compensation program to attract and retain world‑class talent. The company provided outlook language for the first quarter of fiscal 2027 but the specifics following "NVIDIA’s outlook for the first quarter of fiscal 2027 is as follows: " are unclear in the provided context. 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 NVIDIA’s tax environment.
Nvidia Earnings: conference call details
NVIDIA scheduled a conference call with analysts and investors to discuss its fourth quarter and fiscal 2026 results at 2 p. m. Pacific time (5 p. m. Eastern time) on the day of the announcement. A live webcast in listen‑only mode is accessible at NVIDIA’s investor relations website; the webcast will be recorded and available for replay until the company’s conference call to discuss its first quarter of fiscal 2027 results. Commentary on the quarter by Colette Kress, NVIDIA’s executive vice president and chief financial officer, is available on the company’s investor site.
Market reaction and OpenAI ties
Investors have shown skepticism about broader AI spending, and share prices for most of the so‑called Magnificent Seven started the year off in decline, but NVIDIA’s growth produced a rally ahead of the earnings release. Shares rose by around 3% in after‑hours trading immediately following the earnings report and then fell to gains of less than 1% as the day went on. The company’s quarterly results were described as surpassing Wall Street’s expectations every quarter for multiple years, with NVIDIA beating expectations throughout the 2024 and 2025 fiscal years.
NVIDIA’s relationships with AI firms drew scrutiny. A proposed $100bn investment into OpenAI fell through earlier this month; instead, NVIDIA will reportedly invest $30bn into OpenAI as the ChatGPT creator seeks to go public later this year at a valuation of around $730bn. On the earnings call Jensen Huang said, "We continue to work with OpenAI towards a partnership agreement, and believe we are close. "
Jensen Huang, founder and CEO of NVIDIA, was quoted saying: "Computing demand is growing exponentially — the agentic AI inflection point has arrived. 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, "Enterprise adoption of agents is skyrocketing. Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth. " On the call he also said, "In this new world of AI, compute equals revenues. "
Huang has repeatedly pushed back on fears that AI will replace workers, speaking last month against concerns about AI replacing software technologies during a global rush to sell off software stocks and framing AI as a job creator at the World Economic Forum in Davos earlier this year. A note in coverage referenced a market disruption this week triggered by a piece of speculative fiction from a research firm that "caused a market downturn and panic on W" but the remainder of that detail is unclear in the provided context.
To supplement GAAP results, NVIDIA said it uses a set of non‑GAAP measures, including 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 or earnings per diluted share, and free cash flow. The reconciliations for fiscal years 2025 and 2026 adjust the related GAAP financial measures to exclude stock‑based compensation expense, acquisition‑related and other costs, other, gains/losses fr; the remainder of that reconciliation text is unclear in the provided context.
All figures and statements above reflect the information provided by the company in its announcement and related commentary.
