Nvidia Posts Record Q4 Revenue of $68.1B and Fiscal 2026 Sales of $215.9B as AI Demand Accelerates
NVIDIA (NASDAQ: NVDA) today reported record revenue for the fourth quarter ended January 25, 2026, of $68. 1 billion, and the company framed those results in the context of surging demand for AI compute—an explanation that underscores why nvidia's numbers matter to investors and customers alike.
Nvidia Q4 and fiscal 2026 headline figures
For the fourth quarter, NVIDIA posted revenue of $68. 1 billion, up 20% from the previous quarter and up 73% from a year ago. For fiscal 2026, revenue totaled $215. 9 billion, an increase of 65% from the prior year. These top-line gains were accompanied by strong margin and earnings performance: 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.
On a per-share basis, 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.
Margins, EPS and executive commentary
Company leadership framed the results as driven by increasing computing demand tied to agentic AI. Jensen Huang, founder and CEO of NVIDIA, said the agentic AI inflection point has arrived and highlighted specific technologies and people as central to current inference leadership: Grace Blackwell with NVLink is described as the king of inference today, delivering an order-of-magnitude lower cost per token, and Vera Rubin will extend that leadership further. The executive commentary emphasized rapid enterprise adoption of agents and an investment rush into AI compute.
Shareholder returns: buybacks and dividend details
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 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.
Conference call, CFO commentary and webcast
The company 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 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 its first quarter of fiscal 2027. Commentary on the quarter by Colette Kress, NVIDIA’s executive vice president and chief financial officer, is available on the investor relations site.
Non-GAAP measures, stock-based compensation and outlook
The company uses a range of non-GAAP measures to supplement condensed consolidated financial statements presented in accordance with GAAP. Those non-GAAP measures include 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, non-GAAP net income, or earnings, per diluted share, and free cash flow.
Beginning in the first quarter of fiscal 2027, NVIDIA 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. 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 fr (unclear in the provided context).
The release includes an outlook element: NVIDIA’s outlook for the first quarter of fiscal 2027 is presented in the materials as "is as follows: " but the detailed items for that outlook 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.
What to watch next
Investors and customers will be watching how the company translates strong fiscal 2026 momentum into guidance and execution for fiscal 2027, how non-GAAP disclosures change once stock-based compensation is included, and how remaining repurchase authorization is deployed. Recent commentary emphasized broad enterprise adoption of agentic AI and ongoing technology leadership in inference, names and product references that company executives highlighted as central to sustaining the momentum.
