Nvidia Stock Soars After First $200B Year, Q4 Record Revenue and AI Momentum

Mo. Basuony

Published: February 25, 2026 10:56 PM ET

Nvidia Stock Soars After First $200B Year, Q4 Record Revenue and AI Momentum

nvidia stock is in the spotlight after NVIDIA (NASDAQ: NVDA) today reported record revenue for the fourth quarter ended January 25, 2026, and revealed fiscal 2026 results that pushed annual revenue past the $200 billion mark. The company posted strong margins, returned substantial cash to shareholders, and framed the results around accelerating enterprise adoption of agentic AI.

Nvidia Stock: Quarterly and annual revenue jump

For the quarter ended January 25, 2026, NVIDIA reported revenue of $68. 1 billion, up 20% from the previous quarter and up 73% from a year ago. For fiscal 2026, revenue was $215. 9 billion, up 65% from a year ago. These top-line figures underpin the company’s characterization of an AI-driven demand surge.

Margins and earnings per share

For the quarter, GAAP and non-GAAP gross margins were 75. 0% and 75. 2%, respectively. For fiscal 2026, GAAP and non-GAAP gross margins were 71. 1% and 71. 3%, respectively. For the quarter, GAAP and non-GAAP earnings per diluted share 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.

Shareholder returns, dividend and buyback status

During fiscal 2026, NVIDIA returned $41. 1 billion to shareholders through share repurchases and cash dividends. As of the end of the fourth quarter, the company had $58. 5 billion remaining under its share repurchase authorization. NVIDIA 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.

Corporate governance and accounting changes

Beginning in the first quarter of fiscal 2027, NVIDIA will include stock-based compensation expense in non-GAAP financial measures. The company stated that stock-based compensation is 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 NVIDIA’s tax environment.

Management commentary and the AI narrative

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

Conference call, CFO commentary and financial reconciliations

NVIDIA will conduct a conference call with analysts and investors to discuss its fourth quarter and fiscal 2026 financial results and current financial prospects today at 2 p. m. Pacific time (5 p. m. Eastern time). A live webcast in listen-only mode will be accessible on NVIDIA’s investor relations website; the webcast will be recorded and available for replay until the conference call for the first quarter of fiscal 2027. Commentary on the quarter by Colette Kress, executive vice president and chief financial officer, is available on the company’s investor relations channels.

To supplement its condensed consolidated financial statements presented in accordance with GAAP, the company uses 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; remainder unclear in the provided context.

Additional context: Client Challenge

The provided context also included a brief item titled "Client Challenge". Details for that item are unclear in the provided context.

Investors monitoring nvidia stock will find the combination of record quarterly revenue, strong margins, sizable shareholder returns and a management narrative centered on agentic AI to be the core takeaways from today’s financial disclosure.