What Happened
NVIDIA (NASDAQ: NVDA) reported record revenue for the fourth quarter ended January 25, 2026, totaling $68.1 billion. This figure represents a 20% increase from the previous quarter and a remarkable 73% increase year-over-year. For the entire fiscal year 2026, NVIDIA’s revenue reached $215.9 billion, up 65% compared to the previous year. The company also reported GAAP earnings per diluted share of $1.76 for the quarter, surpassing analysts’ expectations.
Why It Matters
The significant revenue growth is attributed to the increasing demand for NVIDIA’s AI chips, which are essential for powering artificial intelligence applications. CEO Jensen Huang emphasized that the “agentic AI inflection point has arrived,” indicating a surge in enterprise adoption of AI technologies. NVIDIA’s gross margins remained strong, with GAAP margins at 75.0% for the quarter and 71.1% for the fiscal year. The company also returned $41.1 billion to shareholders through share repurchases and dividends, showcasing its commitment to shareholder value.
What’s Next
NVIDIA is poised for continued growth, with expectations for Q1 revenue in calendar 2026 projected at approximately $78 billion. The company is also set to release its new Vera Rubin chip in the second half of 2026, which is anticipated to enhance its market position further. As of the end of the fourth quarter, NVIDIA had $58.5 billion remaining under its share repurchase authorization, indicating potential for further shareholder returns.
