Nvidia Earnings Report shows $215.9bn year and $68.1bn quarter as China questions linger

The latest nvidia earnings report shows record fiscal 2026 revenue of $215. 9 billion and fourth-quarter revenue of $68. 1 billion, but investor scepticism about AI spending and unanswered questions about China sales kept attention on the company’s broader picture.

Nvidia Earnings Report highlights: $68. 1bn Q4 and $215. 9bn fiscal revenue

NVIDIA said fourth-quarter revenue for the period ended January 25, 2026, was $68. 1 billion, up 20% from the previous quarter and up 73% from a year earlier; for fiscal 2026 the company reported revenue of $215. 9 billion, up 65% from a year ago. The company also noted that sales for the last three months of the year rose 73% compared with 12 months earlier.

Margins, EPS and shareholder returns

For the quarter, NVIDIA reported GAAP and non-GAAP gross margins of 75. 0% and 75. 2%, and for fiscal 2026 GAAP and non-GAAP gross margins of 71. 1% and 71. 3%. GAAP and non-GAAP earnings per diluted share for the quarter were $1. 76 and $1. 62; for fiscal 2026 those figures were $4. 90 and $4. 77. During fiscal 2026, the company returned $41. 1 billion to shareholders through share repurchases and cash dividends and said it had $58. 5 billion remaining under its share repurchase authorization.

China access, H200 chips and lingering scrutiny

The company acknowledged that its outlook did not include expectations about chip revenue in China. Last month the US began allowing sales of NVIDIA’s H200 chips to Chinese customers under certain conditions, but a US Commerce Department official told lawmakers that none of those chips have yet been sold to Chinese customers. Investors have also scrutinised NVIDIA’s expanding web of deals, and critics have warned about possible "circular financing" arrangements that could cloud assessments of AI demand.

Executive remarks, product pushes and Alphamayo at CES

Founder and CEO Jensen Huang said, "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. " The company has outlined new technologies it says will create demand; at CES in Las Vegas Huang unveiled a tech platform for self-driving cars and an open-source AI model called "Alpamayo, " which he said will bring reasoning to autonomous vehicles.

Tax guidance, accounting changes and upcoming shareholder dates

NVIDIA said it will begin including stock-based compensation expense in non-GAAP financial measures beginning in the first quarter of fiscal 2027. For the full year fiscal 2027, GAAP and non-GAAP tax rates were expected to be between 17. 0% and 19. 0%, excluding discrete items and material changes to the company’s tax environment. The company will pay its next quarterly cash dividend of $0. 01 per share on April 1, 2026, to shareholders of record on March 11, 2026.

Conference call and market reaction

The company scheduled a conference call with analysts and investors for today at 5 p. m. Eastern time (2 p. m. Pacific time), and said a listen-only webcast of the call would be recorded and available for replay until its conference call for the first quarter of fiscal 2027. One framing of the results noted that Nvidia stock was downbeat despite the blockbuster quarter. Investor commentary included Gene Munster, manager partner at Deepwater Asset Management, who wrote on the social media platform X that "AI is accelerating faster than people not using these tools can grasp. "

The nvidia earnings report also reiterated that the company uses non-GAAP measures and provides reconciliations to GAAP that adjust for items such as stock-based compensation expense and acquisition-related costs. its full outlook for the first quarter of fiscal 2027 "is as follows, " and further details were provided in the firm’s financial materials; where the materials referenced additional commentary, the CFO’s remarks were noted as available on the company’s investor relations site.

Next on the calendar: the 5 p. m. Eastern time conference call scheduled for today and the dividend payment on April 1, 2026 remain the immediate confirmed events tied to the results.