Nvidia Reports Q4 Revenue Up 73%, Guides $78B Q1 on AI Demand
Nvidia posted fiscal Q4 revenue of $68.1 billion, a 73% year-over-year increase, and delivered adjusted EPS growth of 82%, surpassing estimates. It forecast Q1 revenue of $78 billion, topping analyst consensus of $72 billion on accelerating AI infrastructure demand.
1. Strong Q4 Results
Nvidia reported fiscal Q4 revenue of $68.13 billion, up 73% year-over-year, while adjusted EPS rose 82% to $1.62 per share, both outperforming analyst estimates. Data center revenue climbed to a record $62.3 billion as customers raced to deploy GPUs for AI workloads.
2. Bullish Q1 Guidance
Management guided Q1 revenue at $78 billion, exceeding consensus of $72 billion, and projected non-GAAP gross margins near 75%. The outlook excludes China data center compute revenue, highlighting ongoing supply constraints in key regions.
3. Stock Reaction
Despite the earnings beat and robust guidance, shares showed muted after-hours movement, reflecting elevated valuation multiples and expectations already priced in. Investors remain focused on margin expansion and product cadence.
4. AI Infrastructure Demand
Rapid adoption of AI infrastructure underpins both the upside and the aggressive guidance, with enterprises accelerating investments in Hopper, Blackwell and forthcoming Rubin and Vera platforms. Nvidia expects continued momentum as data center workloads expand.