Nvidia Posts Record $68.1 Billion Q4 as Fiscal 2026 Revenue Reaches $215.9 Billion

nvidia posted record revenue of $68. 1 billion for the quarter ended January 25, 2026, and reported fiscal 2026 revenue of $215. 9 billion, underscoring an acceleration in demand for AI compute. The results come as nvidia returned $41. 1 billion to shareholders during the year and set accounting and tax guidance changes ahead of fiscal 2027.

Nvidia's Quarterly and Fiscal Revenue

NVIDIA (NASDAQ: NVDA) recorded $68. 1 billion in revenue for the fourth quarter, a 20% increase from the prior quarter and a 73% rise from the same quarter a year earlier. For the full fiscal year 2026, revenue totaled $215. 9 billion, up 65% from the prior fiscal year. Company leadership framed the gains as driven by rapid enterprise investment in AI compute.

Gross Margins and Earnings Per Share

For the quarter, GAAP gross margin was 75. 0% and non-GAAP gross margin was 75. 2%. For fiscal 2026 overall, GAAP gross margin came in at 71. 1% and non-GAAP gross margin at 71. 3%. GAAP earnings per diluted share for the quarter were $1. 76 and non-GAAP EPS was $1. 62. On a full-year basis, GAAP EPS was $4. 90 and non-GAAP EPS was $4. 77.

Shareholder Returns and Dividend Plan

During fiscal 2026 NVIDIA returned $41. 1 billion to shareholders through share repurchases and cash dividends. As of the end of the fourth quarter, $58. 5 billion remained available under the company's share repurchase authorization. The company will pay its next quarterly cash dividend of $0. 01 per share on April 1, 2026, to shareholders of record on March 11, 2026.

Management Commentary and AI Momentum

Founder and CEO Jensen Huang characterized the results as the outcome of an "agentic AI inflection point, " saying enterprise adoption of agents is accelerating and customers are rapidly investing in AI compute. He singled out Grace Blackwell with NVLink as the "king of inference" today and said Vera Rubin will extend that leadership further. Executive vice president and chief financial officer Colette Kress provided further commentary on the quarter that is available on the company's investor relations site.

Accounting Changes, Tax Outlook and Non-GAAP Measures

Beginning in the first quarter of fiscal 2027, NVIDIA will include stock-based compensation expense in its non-GAAP financial measures. The company stated that stock-based compensation is a foundational component of its compensation program to attract and retain world-class talent. For the full year fiscal 2027, NVIDIA expects GAAP and non-GAAP tax rates to be between 17. 0% and 19. 0%, excluding discrete items and material changes to the company's tax environment.

NVIDIA uses non-GAAP measures to supplement GAAP financial statements. The listed non-GAAP measures 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 earnings per diluted share, and free cash flow. The company provided reconciliations to help investors compare current results with previous periods. Those reconciliations for fiscal years 2025 and 2026 adjust related GAAP financial measures to exclude stock-based compensation expense, acquisition-related and other costs, other, gains/losses fr — unclear in the provided context.

Conference Call and Webcast Details

NVIDIA scheduled a conference call with analysts and investors to discuss its fourth-quarter and fiscal 2026 financial results and current prospects today at 2 p. m. Pacific time (5 p. m. Eastern time). A live webcast in listen-only mode is accessible on the company's investor relations website and will be recorded; the recording will remain available for replay until the company's conference call to discuss its first quarter of fiscal 2027.

What makes this notable is the combination of rapid top-line expansion, sustained high gross margins, and aggressive shareholder returns that together signal companies are prioritizing large-scale AI compute investments—an alignment management presented as the immediate driver of the firm's financial momentum.