Nvidia Announces Financial Results for Fourth Quarter and Fiscal 2026

nvidia reported record revenue for the fourth quarter ended January 25, 2026, posting $68. 1 billion for the period, a 20% increase from the prior quarter and a 73% jump from a year earlier. The company also said fiscal 2026 revenue reached $215. 9 billion, up 65% from a year ago, highlighting a surge in demand for its products.

Quarter revenue, margins and earnings per share

For the fourth quarter ended January 25, 2026, nvidia recorded revenue of $68. 1 billion, an increase of 20% from the previous quarter and 73% from the prior year. GAAP and non-GAAP gross margins for the quarter were 75. 0% and 75. 2%, respectively. GAAP earnings per diluted share for the quarter were $1. 76, while non-GAAP earnings per diluted share were $1. 62.

Fiscal 2026 totals, margins and EPS

Across fiscal 2026, nvidia reported revenue of $215. 9 billion, up 65% from a year earlier. For the full fiscal year, GAAP and non-GAAP gross margins were 71. 1% and 71. 3%, respectively. GAAP earnings per diluted share for fiscal 2026 were $4. 90, and non-GAAP earnings per diluted share were $4. 77.

Leadership comments and the company’s AI product mentions

Jensen Huang, founder and CEO of NVIDIA, said computing demand is growing exponentially and that "the agentic AI inflection point has arrived. " He highlighted Grace Blackwell with NVLink as "the king of inference today" and said Grace Blackwell delivers an "order-of-magnitude lower cost per token, " and that Vera Rubin will extend that leadership further. Huang added that enterprise adoption of agents is skyrocketing and that customers are racing to invest in AI compute.

Dividends, buybacks and guidance for Nvidia's fiscal 2027

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 shareholders of record on March 11, 2026. The company provided an outlook for the first quarter of fiscal 2027, and for the full year fiscal 2027 it expects GAAP and non-GAAP tax rates to be between 17. 0% and 19. 0%, excluding any discrete items and material changes to NVIDIA’s tax environment.

Conference call, CFO commentary and disclosure of non-GAAP measures

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

Non-GAAP metrics and reconciliations

To supplement its condensed consolidated GAAP financial statements, nvidia 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, non-GAAP net income or earnings per diluted share, and free cash flow. For comparability with prior periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures; 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, and other gains/losses (unclear in the provided context). Beginning in the first quarter of fiscal 2027, nvidia will include stock-based compensation expense in non-GAAP financial measures and said stock-based compensation is a foundational component of its compensation program to attract and retain world-class talent.