On February 26, AI chip giant NVIDIA (NASDAQ: NVDA) today released its fourth quarter and full-year financial reports for fiscal year 2026 as of January 25. According to the financial report, calculated in accordance with U.S. Generally Accepted Accounting Principles (GAAP), Nvidia’s fourth quarter revenue reached a record high of US$68.127 billion, an increase of 73% from US$39.331 billion in the same period last year; net profit was US$42.960 billion, an increase of 94% from US$22.091 billion in the same period last year.

NVIDIA

For the full year of fiscal year 2026, Nvidia's revenue reached a record high of US$215.938 billion, an increase of 65% from US$130.497 billion in fiscal year 2025; net profit was US$120.067 billion, an increase of 65% from US$72.880 billion in fiscal year 2025.

Stock price performance:

Nvidia's fourth-quarter revenue and earnings per share exceeded analysts' expectations, pushing the stock price up more than 2% after the bell.

Nvidia shares rose 2.55% after hours

Nvidia opened at $194.45 on the Nasdaq exchange on Wednesday. As of Wednesday's close, Nvidia's stock price rose $2.71 to close at $195.56, an increase of 1.41%. As of press time, Nvidia's stock price rose $4.99 to $200.55 in after-hours trading, an increase of 2.55%. In the past 52 weeks, NVIDIA's stock price has been as high as $212.19 and as low as $86.62.

Highlights of fiscal fourth quarter results:

——Revenue reached a record US$68.127 billion, an increase of 73% from US$39.331 billion in the same period last year;

· Data center division (including AI chip business) revenue reached a record US$62.3 billion, a year-on-year increase of 75% and a month-on-month increase of 22%;

·Game and AI PC division revenue was US$3.7 billion, a year-on-year increase of 47% and a month-on-month decrease of 13%;

·The revenue of the professional visualization department was US$1.3 billion, a year-on-year increase of 159% and a month-on-month increase of 74%;

·The revenue of the automotive and robotics division was US$604 million, a year-on-year increase of 6% and a month-on-month increase of 2%;

——The gross profit margin was 75.0%, an increase of 2 percentage points from 73.0% in the same period last year; based on non-GAAP, the gross profit margin was 75.2%, an increase of 1.7 percentage points from 73.5% in the same period last year;

——Operating expenses were US$6.794 billion, an increase of 45% from US$4.689 billion in the same period last year; based on non-GAAP operating expenses were US$5.102 billion, an increase of 51% from US$3.378 billion in the same period last year;

——Operating profit was US$44.299 billion, an increase of 84% from US$24.034 billion in the same period last year; based on non-GAAP operating profit was US$46.107 billion, an increase of 81% from US$25.516 billion in the same period last year;

——Net profit was US$42.960 billion, an increase of 94% from US$22.091 billion in the same period last year; according to non-GAAP, net profit was US$39.552 billion, an increase of 79% from US$22.066 billion in the same period last year;

——Diluted earnings per share were US$1.76, an increase of 98% from US$0.89 in the same period last year; based on non-GAAP diluted earnings per share were US$1.62, an increase of 82% from US$0.89 in the same period last year.

First Quarter Fiscal Year 2027 Outlook:

——Revenue is expected to be US$78 billion, plus or minus 2 percentage points; Nvidia does not include data center computing revenue from China in its performance outlook;

——The gross profit margin is expected to be 74.9%, which is 75.0% according to non-GAAP, plus or minus 50 basis points; this includes the 0.1% impact of equity incentive expenses;

——Operating expenses are expected to be approximately $7.7 billion, or approximately $7.5 billion on a non-GAAP basis; including $1.9 billion in equity-based compensation expenses.

——For the entire fiscal year 2027, the tax rate is expected to be between 17.0% and 19.0%.

shareholder return

In fiscal 2026, Nvidia returned $41.1 billion to shareholders through stock repurchases and cash dividends. As of the end of the fiscal fourth quarter, the company still had $58.5 billion available under its existing stock repurchase authorization program.

NVIDIA will pay its next quarterly cash dividend of $0.01 per share on April 1, 2026 to all shareholders of record as of March 11, 2026.

Executive comments:

Jensen Huang, founder and CEO of NVIDIA, said: "Computing demands are growing exponentially, and the turning point for agent AI has arrived. Grace Blackwell equipped with NVLink is the current king in the field of inference, reducing the cost of a single token by an order of magnitude, and Vera Rubin will further expand this lead. Enterprise applications for agents are growing rapidly. Our customers are competing to invest in AI computing power, and these computing power factories are driving the AI ​​industrial revolution and the future growth of customers."