Nvidia Q4 Revenue Soars 73% as It Backs Thinking Machines and Nscale
Nvidia posted Q4 FY2026 revenue of $68.13 billion, up 73% year-over-year, driven by a 263% surge in data center networking sales. The company also struck a multi-year supply and equity partnership providing at least one gigawatt of next-gen chips to AI startup Thinking Machines Lab and joined Nscale’s $2 billion Series C.
1. Strong Q4 FY2026 Results
Nvidia reported revenue of $68.13 billion for the quarter, marking a 73% year-over-year increase. Data center networking sales led the surge with a 263% gain as customer demand for AI chips accelerated global infrastructure deployments.
2. Partnership with Thinking Machines Lab
The company entered a multi-year agreement to supply at least one gigawatt of its next-generation processors to AI startup Thinking Machines Lab, alongside an undisclosed equity investment, enhancing Nvidia’s AI cloud ecosystem.
3. Strategic Investment in Nscale
Nvidia participated in Nscale’s $2 billion Series C funding round at a $14.6 billion valuation, underscoring its growing financing role in AI infrastructure startups and aligning vendor capital with long-term chip demand.