Nvidia (NVDA) revealed its fiscal fourth-quarter performance post-market on Wednesday, surpassing analysts’ projections for both revenue and earnings. The company also issued Q1 revenue guidance of $76.44 billion to $79.56 billion, which exceeded Wall Street’s expectation of $72.8 billion.
This forecast does not factor in any potential revenue generated from China.
Nvidia’s stock saw its premarket gains reduced, climbing 1% after an initial 3% surge.
For the quarter, Nvidia achieved earnings per share of $1.62 on total revenue of $68.1 billion. Bloomberg’s analyst consensus estimates had anticipated EPS of $1.53 on $65.8 billion in revenue. In the equivalent quarter last year, the company reported EPS of $0.89 and revenue of $39.3 billion.
Nvidia’s data center division was the primary driver of this substantial growth, contributing $62.3 billion during the period, outperforming analyst predictions of $60.2 billion.
CFO Colette Kress attributed a significant portion of this success to hyperscalers.
“In the fourth quarter, hyperscaler revenue increased and continued to be our largest customer segment, accounting for slightly over 50% of Data Center revenue, while growth was also spearheaded by other Data Center customers as revenue sources diversified,” she stated in a press release.
Further reading: Live reports on corporate financial results
Nvidia categorizes its data center operations into compute, graphics chips/CPUs, and networking. For the quarter, the company noted a 58% year-over-year increase in compute revenue, with networking revenue skyrocketing 263% to $11 billion.
These results from Nvidia come just weeks before its scheduled GTC 2026 event in San Jose, Calif., where significant product unveilings are anticipated.
It also follows the introduction of Nvidia’s newest AI superchip, Vera Rubin, unveiled at the annual CES technology conference in Las Vegas this past January.
More recently, Nvidia expanded its collaboration with Meta, finalizing a substantial multiyear agreement to supply the social media giant with both its Blackwell and Rubin AI processors, alongside the inaugural major standalone deployment of its Grace CPU servers.
Despite this positive momentum, Nvidia stock had only gained slightly over 5% since the beginning of the year as of Wednesday afternoon. This performance, however, still outpaced Advanced Micro Devices (AMD), which was down approximately 1%, and Broadcom (AVGO), which fell 3%. Intel (INTC), by contrast, has seen a nearly 27% increase this year.
Gene Munster, managing partner at Deepwater Asset Management, explained in a blog post that the disparity between Nvidia’s recent announcements and its stock performance stems from investor uncertainty about whether the AI trend is concluding or merely in its initial stages.
