NVIDIA Reports 73% Surge to $68.1B Q4 Revenue, Projects $78B Next Quarter
NVIDIA achieved Q4 revenue of $68.1 billion, up 73% year-over-year and 20% sequentially, fueling full-year fiscal 2026 revenue of $215.9 billion, a 65% increase. The company returned $41.1 billion to shareholders through buybacks and dividends and forecasts Q1 fiscal 2027 revenue of $78.0 billion ±2%.
1. Q4 Financial Results
For the quarter ended January 25, NVIDIA posted revenue of $68.1 billion, representing a 20% sequential increase and a 73% jump year-over-year. GAAP earnings per diluted share were $1.76, while non-GAAP earnings per share reached $1.62.
2. Fiscal 2026 Highlights
Over fiscal 2026, NVIDIA delivered revenue of $215.9 billion, up 65% from the prior year. GAAP and non-GAAP diluted EPS for the full year were $4.90 and $4.77, respectively.
3. Capital Return to Shareholders
During the year, the company returned $41.1 billion to shareholders via share repurchases and dividends. As of quarter-end, $58.5 billion remained available under its existing repurchase authorization.
4. Fiscal 2027 Q1 Outlook
NVIDIA expects first-quarter fiscal 2027 revenue of $78.0 billion, plus or minus 2%, excluding certain China data-center compute revenue. GAAP and non-GAAP gross margins are projected at approximately 74.9%–75.0%, with operating expenses near $7.7 billion GAAP and $7.5 billion non-GAAP.