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NVIDIA Q4 and FY2026 Earnings: Data Center and ProViz Drive Record Revenue

NVIDIA’s Q4 FY2026 revenue reached $68.127 billion, with Data Center accounting for $62.3 billion. ProViz grew 159% year over year from a much smaller base.
From TheFinanceBase Team3 min to read

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NVIDIA reported $68.127 billion in revenue for its fourth quarter of fiscal 2026 and $215.938 billion for the full fiscal year, both records. Data Center supplied $62.3 billion of the quarter’s revenue, while Professional Visualization (ProViz) grew rapidly from a much smaller base. These are historical results for the quarter ended January 25, 2026, announced on February 25, 2026—not current-period results.

What NVIDIA reported for Q4 and FY2026

NVIDIA’s fiscal fourth quarter ended January 25, 2026. Its February 25 earnings release reported GAAP revenue of $68.127 billion for the quarter, up 73% year over year and 20% from the prior quarter. Fiscal-year revenue was $215.938 billion, up 65% from FY2025. The figures below are company-reported; see NVIDIA’s February 25, 2026 investor release for its financial tables and accounting definitions.

GAAP measure Q4 FY2026 Change year over year FY2026 Change year over year
Revenue $68.127 billion +73% $215.938 billion +65%
Gross margin 75.0% +2.0 percentage points 71.1% −3.9 percentage points
Operating expenses $6.794 billion +45% $23.076 billion +41%
Operating income $44.299 billion +84% $130.387 billion +60%
Net income $42.960 billion +94% $120.067 billion +65%
Diluted earnings per share $1.76 +98% $4.90 +67%

These are GAAP results. NVIDIA also reported non-GAAP gross margin of 75.2% and diluted EPS of $1.62 for Q4, and non-GAAP gross margin of 71.3% and diluted EPS of $4.77 for FY2026. Those adjusted figures are separate from the GAAP measures in the table and should not be compared as if they used the same accounting basis. NVIDIA said it would include stock-based compensation in non-GAAP measures beginning in Q1 FY2027.

Data Center drove the scale of the quarter

Data Center generated $62.3 billion in Q4, up 75% year over year, and $193.7 billion for FY2026, up 68%. Its Q4 revenue was more than 90% of NVIDIA’s $68.127 billion company total. That concentration explains why the company’s overall growth chiefly reflects demand in this business, which NVIDIA described as driven by accelerated computing and AI.

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NVIDIA’s release also discussed its Vera Rubin platform, describing it as six new chips and naming AWS, Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure among the first expected to deploy Vera Rubin-based instances. This was a company announcement of plans on February 25, 2026, not confirmation that those instances were already available.

How the other reported segments compared

NVIDIA’s earnings release gave results for four named market-platform segments. These figures are useful for comparing their scale and growth, but they are not a full reconciliation of all company revenue.

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Segment Q4 FY2026 revenue Q4 year-over-year change FY2026 revenue FY year-over-year change
Data Center $62.3 billion +75% $193.7 billion +68%
Gaming $3.7 billion +47% $16.0 billion +41%
Professional Visualization $1.3 billion +159% $3.2 billion +70%
Automotive $604 million +6% $2.3 billion +39%

Professional Visualization: fast growth, smaller base

ProViz revenue reached $1.3 billion in Q4, up 159% year over year, and $3.2 billion for FY2026, up 70%. NVIDIA attributed the quarter’s growth to exceptional Blackwell demand. The quarterly percentage is striking, but the segment remained far smaller than Data Center in absolute revenue. The release’s Professional Visualization highlights included the RTX PRO 5000 72GB Blackwell GPU; it did not establish that this product alone drove the segment’s results.

Gaming: growth year over year, decline sequentially

Gaming revenue was $3.7 billion, up 47% year over year but down 13% from Q3. NVIDIA attributed the sequential decline to normal channel-inventory moderation after strong holiday demand. For the full fiscal year, Gaming generated $16.0 billion, up 41%.

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Automotive: smaller segment with annual growth

Automotive generated $604 million in Q4, up 6% year over year and 2% sequentially, and $2.3 billion for FY2026, up 39%.

What management forecast at the time

For Q1 FY2027, NVIDIA forecast revenue of $78.0 billion, plus or minus 2%. The February 25, 2026 forecast assumed no Data Center compute revenue from China. It was dated management guidance, not a subsequently realized result or a current forecast.

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The same outlook projected GAAP and non-GAAP gross margins of 74.9% and 75.0%, respectively, each plus or minus 50 basis points, and GAAP and non-GAAP operating expenses of approximately $7.7 billion and $7.5 billion. These are management estimates from that release.

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Profit, shareholder returns, and the limits of the headline

NVIDIA reported FY2026 GAAP net income of $120.067 billion and diluted EPS of $4.90. It also said it returned $41.1 billion to shareholders through repurchases and cash dividends during the year, with $58.5 billion remaining under its buyback authorization at quarter-end. The February 2026 release announced a $0.01 quarterly cash dividend payable April 1, 2026, to shareholders of record March 11, 2026; those dates are now past.

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CEO Jensen Huang’s earnings-release comments framed the results around AI infrastructure demand. He said, “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.” This is the CEO’s characterization, including the cost comparison, rather than an independently established benchmark. The full company release and segment discussion are available from NVIDIA Newsroom; ServeTheHome’s contemporaneous account was published by Ryan Smith on February 25, 2026.

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