NVIDIA reported its fourth-quarter (Q4) revenue results which highlight strong momentum in AI infrastructure and cloud computing demand, reflecting the rapid scaling of accelerated computing platforms and enterprise AI adoption.
The company’s Q4 revenue was US$ 68.1 billion, a 20 percent quarter-over-quarter increase and 73 percent growth year over year (YoY), driven primarily by AI compute and cloud-oriented workloads. Full fiscal 2026 revenue reached US$ 215.9 billion, representing 65 percent YoY growth, underscoring expanding enterprise investment in AI platforms.
According to a press release, platform transition toward accelerated computing, generative AI, and cloud-native workloads was a key growth catalyst. Fourth-quarter Generally Accepted Accounting Principles (GAAP) gross margin was 75.0 percent (75.2 percent non-GAAP), supported by high-value AI system sales. For the full fiscal year, revenue from AI-centric solutions helped push gross margin to 71.1 percent GAAP and 71.3 percent non-GAAP.
Jensen Huang, CEO, Nvidia, said, “Computing demand is growing exponentially and the agentic AI inflection point has arrived. Enterprise adoption of agents is skyrocketing. Our customers are racing to invest in AI compute, the factories powering the AI industrial revolution and their future growth.”
Earnings per diluted share were US$ 1.76 GAAP and US$ 1.62 non-GAAP for the quarter, with full-year results of US$ 4.90 GAAP and US$ 4.77 non-GAAP, reflecting profitability from high-margin AI and cloud compute segments.
Management emphasized that enterprise deployment of AI agents and large-scale inference workloads is accelerating. Demand is increasingly tied to AI factories, cloud data-center expansion, and next-generation intelligent services, supporting long-term compute infrastructure growth.
Capital returns remained strong, with US$ 41.1 billion distributed to shareholders through buybacks and dividends during fiscal 2026. Approximately US$ 58.5 billion remained authorized for future repurchases. The quarterly dividend was set at US$ 0.01 per share, payable April 1, 2026.
Looking forward, fiscal 2027 guidance reflects continued AI and cloud momentum. First-quarter revenue is projected at approximately US$ 78.0 billion, assuming no data-center compute revenue contribution from China. Gross margin is expected near 74.9 percent GAAP and 75.0 percent non-GAAP, supported by AI platform pricing strength.
Operating expenses are forecast at about US$ 7.7 billion GAAP and US$ 7.5 billion non-GAAP, including investment of roughly US$ 1.9 billion in stock-based compensation to retain specialized technical talent critical for AI development.
Overall, the outlook reflects sustained expansion of enterprise AI workloads, cloud data center modernization, and demand for advanced computing architectures driving the next phase of digital infrastructure.