Nvidia Shares Slide 5.5% After $68.1B Q4, $78B Q1 Guidance Raise
Nvidia reported Q4 revenue of $68.1B, up 73% year over year, and guided Q1 revenue of $78.0B ±2% with 74.9% gross margin. Shares fell 5.46% as investors weighed AI capex and China access uncertainty, while Bank of America raised 2027–2029 EPS estimates by up to 13%.
1. Q4 Earnings Performance
Nvidia reported record Q4 revenue of $68.1B, up 20% sequentially and 73% year-over-year, driven by Data Center and AI acceleration.
2. Q1 Guidance Details
The company guided Q1 2027 revenue of $78.0B ±2%, GAAP gross margin of 74.9% ±50 basis points and operating expenses of $7.7B, explicitly excluding any Data Center compute revenue from China.
3. Stock Reaction and Investor Concerns
Shares slid 5.46% in reaction as investors questioned AI capital expenditure prospects and potential loss of China data center sales.
4. Analyst Outlook and EPS Revisions
Bank of America raised Nvidia’s non-GAAP EPS estimates to $8.11 for 2027 and lifted 2028/2029 forecasts by 10% and 13%, reflecting stronger margin expectations.