Revenue and profit surge past expectations
Nvidia delivered fiscal fourth-quarter results that exceeded Wall Street forecasts, powered by continued strength in artificial intelligence infrastructure. Shares rose about 2% in extended trading following the release.
Adjusted EPS: $1.62 vs. $1.53 expected
Revenue: $68.13 billion vs. $66.21 billion expected
Total revenue jumped 73% year over year from $39.3 billion. Net income nearly doubled to $43 billion, or $1.76 per share, compared with $22.1 billion, or 89 cents per share, a year earlier.
Data center now drives more than 90% of sales
The company’s data center division generated $62.3 billion in revenue, surpassing estimates of $60.69 billion. Nvidia disclosed that this segment now accounts for over 91% of total company sales, underscoring its transformation into a dominant AI infrastructure supplier.
Hyperscale cloud providers remained Nvidia’s largest customer group, contributing just over half of data center revenue. Alphabet, Amazon, Meta and Microsoft have all outlined aggressive capital expenditure plans tied to AI data center expansion.
Within the segment, networking revenue surged 263% year over year to $10.98 billion, driven by adoption of NVLink technology and Spectrum-X Ethernet switches used to connect clusters of GPUs.
Guidance beats as AI demand accelerates
Nvidia forecast fiscal first-quarter revenue of $78 billion, plus or minus 2%, well above analyst expectations of $72.6 billion. Management noted the guidance does not assume data center sales from China.
The stock has climbed about 5% so far in 2026, outperforming most megacap peers. The Nasdaq index, by contrast, is slightly lower year to date.
Gaming slows, automotive mixed
Gaming revenue rose 47% year over year to $3.7 billion, though it declined 13% sequentially. Analysts have speculated that constraints in memory supply may delay certain GPU launches as chipmakers prioritize AI accelerators deployed in rack-scale systems such as the Grace Blackwell platform.
Automotive revenue reached $604 million, up 6% from a year earlier but below expectations of roughly $654.8 million.
Supply chain expansion and strategic investments
Amid ongoing memory shortages, Nvidia said it is expanding manufacturing beyond Asia into the United States and Latin America to improve resilience and meet growing AI infrastructure demand.
The company also disclosed $17.5 billion in investments during the year in private companies and infrastructure funds to support early-stage AI startups. Management cautioned that these investments may not generate near-term returns.
