Nvidia Stock dips despite record $215.9bn year and blockbuster quarter
nvidia stock was downbeat even as NVIDIA posted fiscal 2026 revenue of $215. 9 billion and a record fourth-quarter haul of $68. 1 billion for the period ended January 25, 2026, underscoring a clash between blockbuster sales and investor caution.
Nvidia Stock: standout numbers for quarter and year
The company reported fourth-quarter revenue of $68. 1 billion, up 20% from the prior quarter and up 73% from a year earlier, and fiscal 2026 revenue of $215. 9 billion, a 65% rise from the prior year; the annual total was also presented as £159. 1 billion. Gross margins for the quarter were 75. 0% (GAAP) and 75. 2% (non-GAAP), while fiscal 2026 margins were 71. 1% (GAAP) and 71. 3% (non-GAAP).
On earnings, GAAP and non-GAAP diluted EPS for the quarter were $1. 76 and $1. 62; for fiscal 2026, GAAP and non-GAAP EPS were $4. 90 and $4. 77. During fiscal 2026, NVIDIA returned $41. 1 billion to shareholders share repurchases and cash dividends and finished the fourth quarter with $58. 5 billion remaining under its repurchase authorization.
Quarter detail and shareholder actions
The board set the next quarterly cash dividend at $0. 01 per share, payable April 1, 2026, to shareholders of record on March 11, 2026. that beginning in the first quarter of fiscal 2027 it will include stock-based compensation expense in its non-GAAP financial measures.
What Jensen Huang said and product signals
Jensen Huang described rapidly rising demand: "Computing demand is growing exponentially — the agentic AI inflection point has arrived, " and added, "Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth. " He also highlighted products by name, saying "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. "
Geopolitics and China chip sales
NVIDIA noted its outlook did not include expectations for chip revenue in China. The U. S. administration has begun allowing sales of H200 chips to Chinese customers under certain conditions, but a U. S. Commerce Department official told lawmakers that none of those H200 chips have yet been sold to Chinese customers.
Investor scrutiny and outside reactions
Investors have scrutinised the company’s expanding deal network and raised concerns about potential "circular financing" arrangements that could cloud demand signals. Gene Munster wrote on X that "AI is accelerating faster than people not using these tools can grasp. "
Product expansion: from data-center chips to cars
NVIDIA is pushing beyond chips for AI model developers and into physical products: the company unveiled a new platform for self-driving cars at CES and said an open-source model called "Alpamayo" will bring reasoning to autonomous vehicles.
Conference call, tax outlook and a stray item in the file
NVIDIA will host a conference call with analysts and investors today at 2 p. m. Pacific time (5 p. m. Eastern time); a live webcast (listen-only) will be accessible on NVIDIA’s investor relations website and will be recorded and available for replay until the company’s next quarterly call. For the full year fiscal 2027, GAAP and non-GAAP tax rates are expected to be between 17. 0% and 19. 0%, excluding discrete items and material changes to NVIDIA’s tax environment.
A separate item in the provided context carried the title "Client Challenge" but included no text; unclear in the provided context.
Next confirmed milestones: the company’s conference call is scheduled for 5 p. m. Eastern time today, and the $0. 01-per-share dividend is set to be paid April 1, 2026, to holders of record on March 11, 2026.
