Nvidia posts record quarter as AI demand drives $68.1 billion in revenue
nvidia said it posted record revenue for the fourth quarter ended January 25, 2026, driving a fiscal 2026 year that the company described as a leap forward for AI computing.
NVIDIA’s headline numbers and margins
NVIDIA (NASDAQ: NVDA) reported fourth-quarter revenue of $68. 1 billion, up 20% from the prior quarter and up 73% year over year. For the full fiscal 2026, revenue totaled $215. 9 billion, up 65% from a year earlier. 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.
Profitability, EPS and shareholder returns
For the fourth quarter, NVIDIA recorded GAAP earnings per diluted share of $1. 76 and non-GAAP earnings per diluted share of $1. 62. For fiscal 2026, GAAP and non-GAAP earnings per diluted share were $4. 90 and $4. 77, respectively. During fiscal 2026, the company returned $41. 1 billion to shareholders through share repurchases and cash dividends and entered the quarter with $58. 5 billion remaining under its share repurchase authorization.
What the CEO emphasized about AI
Jensen Huang, founder and CEO of NVIDIA, said the company is at an ‘‘agentic AI inflection point’’ and highlighted specific technologies by name: Grace Blackwell with NVLink, which he called ‘‘the king of inference today’’ for delivering ‘‘an order-of-magnitude lower cost per token, ’’ and Vera Rubin, which he said 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, tax outlook and accounting changes
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. 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. Beginning in the first quarter of fiscal 2027, NVIDIA will include stock-based compensation expense in its non-GAAP financial measures; the company noted that stock-based compensation is a foundational component of its compensation program to attract and retain world-class talent.
Conference call, commentary and reconciliations
NVIDIA said it will conduct a conference call with analysts and investors to discuss its fourth quarter and fiscal 2026 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 NVIDIA’s investor relations website; the webcast will be recorded and available for replay until NVIDIA’s conference call to discuss results for its first quarter of fiscal 2027. Colette Kress, NVIDIA’s executive vice president and chief financial officer, provided commentary on the quarter on the company’s investor relations site.
To supplement its GAAP condensed consolidated financial statements, NVIDIA uses a set of non-GAAP measures that 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 or earnings per diluted share, and free cash flow. NVIDIA also said reconciliations for fiscal years 2025 and 2026 adjust the related GAAP financial measures to exclude stock-based compensation expense and acquisition-related and other costs; further reconciliation details are unclear in the provided context.
nvidia’s next confirmed public events tied to these results are the company’s investor conference call at 5 p. m. ET today and the scheduled dividend payment on April 1, 2026.
