Nvidia delivered another blockbuster quarter on Wednesday, reporting fiscal fourth-quarter revenue of $68.1 billion — beating the Street’s $65.9 billion estimate by more than $2 billion and marking a staggering 73% jump from the same period a year ago. Adjusted earnings per share came in at $1.62, topping consensus of $1.50 and representing 82% year-over-year growth.
The headline numbers alone would have been enough to satisfy most investors, but it was the guidance that truly shifted the conversation. Management projected first-quarter revenue of $78 billion, plus or minus 2% — a figure that sailed past Wall Street’s $72.78 billion estimate by over $5 billion. That kind of upside gap transforms a routine “beat and raise” into something closer to a full recalibration of expectations.
The Data Center segment remained the undisputed engine of growth, generating $62.3 billion in revenue against an estimate of $60.4 billion, up 75% year-over-year. Within that division, networking revenue was the standout performer, surging 263% annually to $11 billion, while compute revenue grew 58% to $51.3 billion — a sign that Nvidia’s infrastructure dominance extends well beyond chips alone.
Professional Visualization was the quarter’s biggest positive surprise, nearly doubling estimates with $1.32 billion in revenue against expectations of $770.7 million, a 159% year-over-year increase. Gaming, however, came in slightly soft at $3.7 billion versus the $4 billion forecast, and both Automotive and OEM also missed modestly.On the geopolitical front, Nvidia disclosed that its guidance does not assume any data center compute revenue from China, noting it recently received U.S. licenses to ship only limited quantities of its H200 chips to customers there — a reminder that regulatory headwinds remain a live variable.
Shares rose roughly 3% in after-hours trading following the release. CEO Jensen Huang framed the results around a structural shift in computing demand, declaring that “the agentic AI inflection point has arrived.” With margins holding firm near 75% and the company returning $41.1 billion to shareholders in fiscal 2026, Nvidia’s dominance in AI infrastructure shows little sign of plateauing.
