Nvda Announces Financial Results for Fourth Quarter and Fiscal 2026
nvda posted record revenue for the fourth quarter ended January 25, 2026, and for fiscal 2026, while outlining shareholder returns, accounting changes and near-term guidance. The company also scheduled a conference call today at 2 p. m. Pacific time (5 p. m. Eastern time) to discuss the results.
Nvda fourth-quarter revenue, quarterly and year-over-year growth
NVIDIA reported fourth-quarter revenue of $68. 1 billion for the quarter ended January 25, 2026. That tally was up 20% from the previous quarter and up 73% from a year earlier. For fiscal 2026 as a whole, NVIDIA reported revenue of $215. 9 billion, an increase of 65% from the prior year.
Quarter and fiscal gross margins and earnings per share
For the fourth quarter, GAAP gross margin was 75. 0% and non-GAAP gross margin was 75. 2%. For fiscal 2026, GAAP gross margin was 71. 1% and non-GAAP gross margin was 71. 3%. GAAP earnings per diluted share for the quarter were $1. 76 and non-GAAP earnings per diluted share were $1. 62. For fiscal 2026, GAAP earnings per diluted share were $4. 90 and non-GAAP earnings per diluted share were $4. 77.
Shareholder returns, buyback authorization and upcoming dividend
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 said it 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.
Management remarks on AI, specific product references and CFO commentary
Jensen Huang, founder and CEO of NVIDIA, said that "Computing demand is growing exponentially — the agentic AI inflection point has arrived. " He named Grace Blackwell with NVLink as "the king of inference today — delivering an order-of-magnitude lower cost per token, " and said Vera Rubin will extend that leadership even further. Huang added that "Enterprise adoption of agents is skyrocketing" and that customers are racing to invest in AI compute as the factories powering what he called the AI industrial revolution and their future growth. Colette Kress, NVIDIA’s executive vice president and chief financial officer, provided commentary on the quarter.
Accounting changes, tax outlook and non-GAAP reconciliation details
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. 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 uses non-GAAP measures to supplement its condensed consolidated financial statements presented in accordance with GAAP. The non-GAAP measures listed 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. The company also provided reconciliations 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, other gains/losses — unclear in the provided context.
Conference call logistics and replay availability
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 on NVIDIA’s investor relations site. The webcast will be recorded and made available for replay until NVIDIA’s conference call to discuss its financial results for its first quarter of fiscal 2027.
