Nvidia Q4 Revenue Soars 73% to $68.12B, Shares Down Over 6%
Nvidia’s Q4 revenue rose 73% to $68.12 billion and EPS jumped 82% to $1.62, yet shares fell over 6% post-report. The company guided fiscal Q1 revenue of $78 billion ±2% (at least 73% YoY growth), saw FY27/FY28 EPS estimates rise and trades near decade-low forward P/E.
1. Q4 Financial Results
Nvidia reported Q4 revenue of $68.12 billion, up 73% year-over-year, and GAAP EPS of $1.62, an 82% increase. Despite surpassing forecasts, the stock declined over 6% as investors weighed sustainability of AI spending.
2. Fiscal Q1 Guidance and EPS Revisions
The company guided fiscal Q1 revenue at $78 billion ±2%, implying at least 73% YoY growth and exceeding the $72.8 billion consensus. Analysts have lifted FY27 and FY28 EPS projections by over 3% in the past week, with FY28 now seen at $9.13 per share.
3. Valuation Outlook
Nvidia’s forward P/E sits near its lowest level in a decade, trading below its 10-year median of 45X and under the 27X industry average. This relative discount suggests potential upside if growth drivers hold.
4. Investor Concerns and Competitive Risks
Investors are wary of reliance on AI infrastructure spending, with 90% of revenue from five major cloud providers. Rising competition from AMD and custom accelerators at Alphabet and Amazon could pressure future margins and growth.