Nvidia Posts 73% Q4 Revenue Growth to $68.1B, Guides $78B Next Quarter
Nvidia reported record Q4 revenue of $68.1B, up 73% y/y, and guided Q1 at $78B, $5.4B above estimates, as UBS reiterated a Buy with a $245 price target. CEO Jensen Huang said Nvidia is likely done investing in OpenAI and Anthropic after its $30B OpenAI commitment.
1. Record Fourth-Quarter Results
Nvidia achieved all-time high Q4 revenue of $68.1 billion, up 73% year-over-year. Data center sales contributed $62.3 billion, while gross margins held at 75%, highlighting sustained demand for its Blackwell GPUs and networking platforms.
2. Bullish Forward Guidance and UBS Projection
The company forecasted $78 billion in Q1 revenue, surpassing consensus by $5.4 billion. UBS maintained its Buy rating and $245 price target following discussions with Nvidia’s finance leadership, citing continued cloud provider spending and sovereign AI infrastructure growth.
3. Strategic Capital Allocation and Space Ambitions
Jensen Huang indicated Nvidia will likely end major investments in OpenAI and Anthropic after its $30 billion OpenAI commitment, refocusing on broad GPU and networking sales. Nvidia is also recruiting an Orbital Datacenter System Architect with a $224,000–$356,500 salary to develop AI data centers in space.