Nvidia Q4 Data Center Revenue Hits $62.3B, 73% Growth Sparks 19% Rally
Nvidia reported 73% revenue growth in Q4 2026 with record $62.3B data center revenue, fueling a 19% stock rally over the past month. Management forecasts 77% year-over-year growth in Q1 2026 but highlights a 43 P/E, in-house chip competition, China market uncertainty and hyperscaler spending sustainability risks.
1. Q4 2026 Revenue and Growth
Nvidia delivered $62.3 billion in data center revenue in Q4 2026, lifting total quarterly revenue by 73% year-over-year and contributing to a 19% share price increase over the past 30 days.
2. Q1 2026 Guidance
Management projects 77% year-over-year revenue growth for Q1 2026, reflecting sustained demand for AI accelerators and data center GPUs.
3. Valuation and Market Risks
Shares trade at a trailing P/E of 43, while potential headwinds include customers developing proprietary chips, economic and regulatory uncertainty in China, and questions over the sustainability of hyperscaler capital expenditures.