Nvda Posts Record Revenue in Q4 and Fiscal 2026, Stakes Raised on Margins, EPS and Share Returns
nvda released quarterly and full-year financial results showing record revenue for the fourth quarter and for fiscal 2026, and outlined dividend, buyback and accounting changes that shape investor returns and future reporting. The announcement sets the stage for an analyst call today at 2 p. m. Pacific time (5 p. m. Eastern time) and leaves several outlook items unclear in the provided context.
What Nvda reported for Q4 and fiscal 2026
The company reported record revenue for the fourth quarter ended January 25, 2026, of $68. 1 billion, an increase of 20% from the previous quarter and 73% from a year earlier. For fiscal 2026 as a whole, revenue totaled $215. 9 billion, up 65% from a year ago.
Margins and earnings per share details
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. GAAP and non-GAAP earnings per diluted share for the quarter were $1. 76 and $1. 62, respectively. For the full fiscal 2026 year, GAAP and non-GAAP earnings per diluted share were $4. 90 and $4. 77, respectively.
Shareholder returns, dividend and repurchase status
During fiscal 2026, the company returned $41. 1 billion to shareholders through share repurchases and cash dividends. At the end of the fourth quarter the company had $58. 5 billion remaining under its share repurchase authorization. The next quarterly cash dividend is set at $0. 01 per share, payable on April 1, 2026, to shareholders of record on March 11, 2026.
Executive remarks and product references
Founder and CEO Jensen Huang framed the results around rapidly rising computing demand and what he described as an agentic AI inflection point. He highlighted specific product and technology names, saying Grace Blackwell with NVLink is leading inference with a much lower cost per token and that a product named Vera Rubin will further extend that leadership. He added that enterprise adoption of agents is accelerating and customers are investing in AI compute as foundational capacity for future growth.
Accounting changes, non-GAAP measures and tax outlook
Beginning in the first quarter of fiscal 2027, the company will include stock-based compensation expense in non-GAAP financial measures. The announcement explicitly states that stock-based compensation is a foundational component of the company’s compensation program to attract and retain world-class talent. The firm reiterated its use of non-GAAP measures to supplement GAAP results; those 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 net income, or earnings, per diluted share, and free cash flow.
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 — further detail unclear in the provided context. 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 the company’s tax environment.
Investor access: call and webcast details
The company will conduct a conference call with analysts and investors to discuss its fourth quarter and fiscal 2026 financial results today at 2 p. m. Pacific time (5 p. m. Eastern time). A live webcast in listen-only mode will be accessible on the company’s investor relations website; the webcast 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. CFO commentary from Colette Kress is available to investors in supplemental form (location unspecified in the provided context).
Outlook and remaining gaps in the announcement
The company noted an outlook for the first quarter of fiscal 2027 but the specific items for that outlook are unclear in the provided context. Investors are left with clear metrics on revenue, margins, EPS, buybacks and dividend timing, plus an explicit change to non-GAAP presentation, while some forward-looking line items and the complete reconciliation detail are not available in the provided material.
The results and the accounting and shareholder-return moves will be central to today's investor call at 2 p. m. PT (5 p. m. ET), when management will have the opportunity to address the items that are unclear in the provided context.
