Nvidia results: Nvidia’s earnings nearly double as AI chip giant beats expectations again
Nvidia’s Q4 2026 results showed a 73% increase in quarterly revenue, with forward guidance implying accelerating growth next quarter
Nvidia (NASDAQ:NVDA), the world’s largest company by market capitalisation (market cap), beat expectations once again when it announced its results for the fourth quarter (Q4) of its 2026 fiscal year on 25 February.
Nvidia’s earnings per share (EPS) almost doubled from the same period a year ago, while quarterly revenue increased 73% to $68.1 billion.
Jensen Huang, Nvidia’s founder and CEO, attributed the eye-catching results to increasing enterprise demand for artificial intelligence (AI).
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“Computing demand is growing exponentially – the agentic AI inflection point has arrived,” said Huang. “Enterprise adoption of agents is skyrocketing. Our customers are racing to invest in... the factories powering the AI industrial revolution and their future growth.
Nvidia’s stock gained as much as 3.9% in after hours trading immediately following the results’ release, before pulling back partially.
Traditionally releasing its results around a month after the rest of the Magnificent Seven group, Nvidia’s earnings release marks the climax of big tech earnings season.
Nvidia has been one of the most popular stocks with DIY investors and their professional counterparts for years, especially since November 2022 when ChatGPT’s public launch brought AI to the forefront of stock market attention.
In that time, Nvidia’s market cap has increased more than eleven times over. Nvidia became the first company to reach a $4 trillion market cap, and also briefly broke the $5 trillion mark.
But in recent months, Nvidia has come under increased pressure. Its previously stellar stock price gains have been hampered by fears that AI stocks constitute a bubble, and that its revenue and earnings growth could slow dramatically should this burst.
Shares in Nvidia gained 4.9% in 2026 through 25 February, the last session before Nvidia announced its Q4 results.
Nvidia’s earnings in detail
The headline figure was that Nvidia’s quarterly EPS rose 98% from the same period a year ago to $1.76, comfortably beating analysts’ expectations of $1.54.
NVDA Q4 2026 | Expected | Reported | Year-on-year growth |
|---|---|---|---|
EPS | $1.54 | $1.76 | 98% |
Revenue | $66.1 billion | $68.1 billion | 73% |
Expected figures based on FactSet consensus estimates.
Revenue from Nvidia’s key Data Center segment – which includes the AI GPUs that have underpinned the company’s rise to the pinnacle of the stock market – rose 75% to $62.3 billion.
Analysts at investment bank Wedbush Securities had expected Nvidia to post quarterly revenue for its key Data Center segment of $59.5 billion.
Nvidia also guided for revenue of $78 billion in Q1 of its 2027 financial year (roughly corresponding with Q1 of the 2026 calendar year), plus or minus 2%. This implies a 77% year-over-year increase in the upcoming quarter; a sign that Nvidia’s growth is accelerating rather than slowing.
“Expectations for revenues in 2026 and 2027 are clearly too low, and we expect to see a slew of analyst upgrades in the coming weeks on the back of these numbers,” said Matt Britzman, senior equity analyst at Hargreaves Lansdown.
Can Nvidia keep growing its earnings?
Nvidia’s rapidly increasing revenue and earnings have been underpinned by the degree of pricing power it has, given there is a huge backlog of demand for its hardware.
With an effective monopoly on cutting edge AI chips, Nvidia is currently posting gross margins close to 75%.
That is unusually high for a hardware company, and it naturally invites competitors (and even some of Nvidia’s customers) to try to eat into those profits.
“Investors are questioning whether custom chips such as Google’s tensor processing units (TPUs) could pressure pricing,” said Lale Akoner, global market analyst at eToro ahead of the results.
It also faces increasing domestic competition in China, the world’s largest semiconductor market – as well as having its access hampered by trade policy disputes between Washington DC and Beijing.
“Questions will still linger over whether the current AI spending wave can sustain growth beyond the next few years, and whether Nvidia will remain as dominant as AI shifts from training models to running everyday tasks,” said Britzman.
But the strong results for the previous quarter and healthy guidance for the one upcoming ought to temper some of these concerns.
When does Nvidia next announce results?
There is currently no set date for Nvidia to announce its next set of results after these (covering Q1 of its 2027 financial year).
However, the results typically follow around three months on from the previous set, so it is reasonable to expect Nvidia’s next earnings release to occur in late May.
Nvidia’s results for Q1 of its 2026 financial year were released on 28 May 2025.
