Nvidia reported Q4 FY 2026 revenue of $68 billion, up 73% year over year, with gross margins of 75%. Data center revenue hit $62 billion (+75% YoY), driven by Blackwell Ultra and agentic AI demand. Gaming rose 13% annually but fell 14% sequentially as inventories normalized. Professional Visualization surged 154% YoY on DGX Spark demand. The company guided Q1 FY 2027 to ~$78 billion, sending the stock up 5% as investors cheered from continued AI infrastructure momentum.
How high you think this thing is going to go?
Nvidia reported revenue of $68 billion for the fourth quarter ended January 2026, an increase of 20% from the previous quarter and 73% from the same period a year ago. The company’s gross margins for the quarter were 75%.
Figure 1. Nvidia’s sales and profits over time. (Source: Nvidia/JPR)
“Computing demand is growing exponentially—the agentic AI inflection point has arrived. Grace Blackwell with NVLink is the king of inference today—delivering an order-of-magnitude lower cost per token—and Vera Rubin will extend that leadership even further,” said Jensen Huang, founder and CEO of Nvidia. “Enterprise adoption of agents is skyrocketing. Our customers are racing to invest in AI compute—the factories powering the AI industrial revolution and their future growth.”
Next quarter? They’re guiding to around $78 billion. No wonder the stock popped 5% after the Nvidia earnings call; investors are feeling pretty cheerful right now.
Figure 2. Once again, the Data Center sales are overwhelming all other segments of Nvidia’s business. (Source: Nvidia/JPR)
Data Center revenue for the third quarter reached $62 billion, an increase of 75% from a year ago and 22% from the previous quarter, driven by accelerated computing, AI models, and agentic applications. Blackwell Ultra is the leading architecture across customer categories, with prior Blackwell architecture seeing continued demand. H20 sales were minimal in the third quarter.
Professional Visualization revenue was up 154% from a year ago and 74% from the previous quarter, driven by the launch of DGX Spark and the growth of Blackwell sales. Automotive revenue was up 6% from a year ago and 2% from the previous quarter, driven by the adoption of self-driving platforms.
Figure 3. Nvidia results in gaming. (Source: Nvidia)
Gaming revenue was up 47% from a year ago, driven by demand for Blackwell, and down -14% from the previous quarter as channel inventories normalized.
Nvidia crushed Wall Street expectations this quarter, delivering a 20% revenue jump and stronger-than-forecast growth for the current quarter, while executives brushed off AI bubble worries and doubled down, predicting trillions of dollars in industry-wide AI infrastructure spending by the end of the decade.
Following Nvidia and its competitors? You’d be surprised at how many want to replace Nvidia, how they plan to do it, their SWOT, and their financing. If that sounds intriguing, you should get a copy of our new AI Processors Market report.
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