Nvidia posts Q4 earnings, AI revenue hits $215 billion, powering fiscal 2026 growth.

Nvidia’s Q4 earnings underscore the rapid scaling of AI compute, with revenue surging to $68.1 billion—up 20% from the prior quarter and 73% year‑over‑year, according to Nvidianews. The company’s GAAP gross margin rose to 75.0%, a full point above the previous quarter, while non‑GAAP margin ticked to 75.2% (Nvidianews). Operating income climbed 23% to $44.3 billion, and net income hit $42.96 billion, reflecting the profitability of its AI‑centric product line (Nvidianews).

For the full fiscal year, Nvidia posted $215.9 billion in revenue, a 65% increase from FY 2025, and GAAP earnings per diluted share of $4.90 (Nvidianews). The firm’s non‑GAAP EPS was $4.77, and gross margins settled at 71.1% GAAP and 71.3% non‑GAAP, indicating sustained efficiency despite massive scale (Nvidianews). Jensen Huang highlighted the “agentic AI inflection point” and the role of the NVLink‑based Grace Blackwell and upcoming Vera Rubin chips in driving “order‑of‑magnitude lower cost per token” for inference workloads (Nvidianews).

Shareholder returns remained robust: Nvidia repurchased $41.1 billion of stock and paid cash dividends during FY 2026, leaving $58.5 billion still authorized for buybacks (Nvidianews). The next quarterly dividend of $0.01 per share is scheduled for April 1, 2026, with a record date of March 11, 2026 (Nvidianews). This capital allocation underscores confidence in continued cash flow from AI demand.

Analysts note the earnings beat helped calm broader market concerns about AI volatility. Reuters reported that Wall Street’s tech rally extended as “AI worries abate” following Nvidia’s results (Reuters). Bloomberg echoed the sentiment, describing the earnings as a “slam into the market with no patience for AI hiccups” (Bloomberg). The data suggests investors view Nvidia’s growth as a bellwether for the AI‑driven economy.

TechCrunch added that Nvidia’s record quarter coincided with “record capex spends,” signaling that customers are heavily investing in AI infrastructure (TechCrunch). The company’s narrative—rapid enterprise adoption of AI agents and expanding compute factories—aligns with Huang’s comments on “skyrocketing” enterprise AI investment (Nvidianews). The combination of soaring revenue, high margins, and aggressive shareholder returns positions Nvidia as the dominant engine of the AI industrial revolution.