What Happened
NVIDIA (NASDAQ: NVDA) reported record revenue of $68.1 billion for the fourth quarter of fiscal 2026, marking a 20% increase from the previous quarter and a 73% rise compared to the same period last year. The company also exceeded analysts’ expectations for earnings per share, posting $1.62 against the anticipated $1.54.
Why It Matters
This report is significant as it concludes the earnings season for the “Magnificent Seven” tech stocks, providing insights into the demand for NVIDIA’s AI chips. CEO Jensen Huang emphasized the exponential growth in computing demand and the company’s leadership in AI technology, stating that enterprise adoption of AI is rapidly increasing.
What’s Next
Following the positive earnings report, NVIDIA’s stock saw an immediate uptick of 2.2%, closing at $195.62. Investors are likely to remain optimistic as the company continues to return value to shareholders, with $41.1 billion returned through share repurchases and dividends during fiscal 2026. The next quarterly cash dividend is scheduled for April 1, 2026.
