Nvidia posts record quarterly revenue of $68.1 billion; fiscal 2026 at $215.9 billion
nvidia reported record revenue of $68. 1 billion for the fourth quarter ended January 25, 2026, and $215. 9 billion for fiscal 2026, figures that underline the company’s accelerated AI-driven demand and notable shareholder returns. The results include strong margins and earnings per share, and management outlined changes to non-GAAP reporting beginning in fiscal 2027.
Nvidia leadership cites "agentic AI" and specific inference products
Jensen Huang, founder and CEO of NVIDIA, said the "agentic AI inflection point has arrived, " and singled out Grace Blackwell with NVLink as "the king of inference today" for delivering an "order-of-magnitude lower cost per token, " while saying Vera Rubin will extend that leadership further. Huang added that "enterprise adoption of agents is skyrocketing" and that "our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth. "
Quarter and fiscal revenue, margins and earnings per share
For the quarter ended January 25, 2026, revenue was $68. 1 billion, up 20% from the previous quarter and up 73% from a year ago. For fiscal 2026, revenue totaled $215. 9 billion, up 65% from a year ago. Quarterly 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. GAAP and non-GAAP earnings per diluted share for the quarter were $1. 76 and $1. 62, respectively, while GAAP and non-GAAP earnings per diluted share for fiscal 2026 were $4. 90 and $4. 77, respectively.
Shareholder returns: repurchases, dividends and remaining authorization
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.
Accounting change, tax outlook and investor events
Beginning in the first quarter of fiscal 2027, NVIDIA will include stock-based compensation expense in non-GAAP financial measures, noting that stock-based compensation is a foundational component of the company’s 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. NVIDIA said it will provide an outlook for the first quarter of fiscal 2027; the specific figures for that outlook are unclear in the provided context.
Investor commentary, webcasting and reconciliations
Colette Kress, NVIDIA’s executive vice president and chief financial officer, provided commentary on the quarter. 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 online and 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. To supplement GAAP statements, the company uses non-GAAP measures and provided reconciliations: 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 items, and gains/losses fr — unclear in the provided context.
