The massive beat and raised guidance confirms NVIDIA's dominance in AI infrastructure. The stock-based compensation change may temporarily pressure non-GAAP multiples but reflects long-term talent investment. Monitor Data Center growth sustainability and inventory levels.
Price Chart
Executive Summary
NVIDIA reported record Q4 revenue of $68.1 billion, up 73% YoY, driven by explosive Data Center growth. The company raised its outlook to $78.0 billion for the next quarter and announced a major strategic shift by including stock-based compensation in its non-GAAP metrics.
Key Financial Metrics
Key Facts
- Q4 revenue of $68.1 billion, up 73% YoY and 20% QoQ
- Data Center revenue of $62.3 billion, up 75% YoY
- GAAP EPS of $1.76, up 98% YoY
- Outlook for Q1 FY2027 revenue of $78.0 billion (+14.5% QoQ)
- Company will include stock-based compensation in non-GAAP metrics starting next quarter
Financial Impact
Revenue growth of $28.8 billion YoY with operating income growing $20.3 billion YoY
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Data Center | $62.3B | +75.0% |
| Gaming | $3.7B | +47.0% |
| Professional Visualization | $1.3B | +159.0% |
Risk Factors
- Supply constraints mentioned for Gaming segment
- Geopolitical risk with no China Data Center revenue assumed in outlook
- Valuation multiple compression risk due to SBC accounting change
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001045810-26-000019 |
| Document: q4fy26cfocommentary.htm | 0001045810-26-000019 |
| Document: nvda-20260225.htm | 0001045810-26-000019 |
| Document: 0001045810-26-000019-index-headers.html | 0001045810-26-000019 |
| Document: 0001045810-26-000019-index.html | 0001045810-26-000019 |
| Document: 0001045810-26-000019.txt | 0001045810-26-000019 |
| CONTEXT: Previous Earnings (2026-02-25) | 0001045810-26-000019 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | ANALYST-UPGRADE | — | awaiting T+5 | — | — |
Sep 3, 2026 29d ago | 8-K | $228.45 $218.29 | ▼ −4.45% | ▼ −3.30% | $237.68 (+4.04%) |
Sep 3, 2026 29d ago | 3 | $228.45 $218.29 | ▼ −4.45% | ▼ −3.30% | $237.68 (+4.04%) |
Sep 2, 2026 4w ago | Insider Cluster | $224.41 $218.36 | ▼ −2.70% | ▼ −1.74% | $237.68 (+5.91%) |
Sep 2, 2026 4w ago | Insider Cluster | $224.41 $218.36 | ▼ −2.70% | ▼ −1.74% | $237.68 (+5.91%) |
Aug 31, 2026 4w ago | 144 | $220.78 $225.73 | ▲ +2.24% | ▲ +2.38% | $237.68 (+7.65%) |
Aug 26, 2026 5w ago | Press Release | $227.98 $228.45 | ▲ +0.21% | ▼ −0.06% | $237.68 (+4.25%) |
Aug 26, 2026 5w ago | Press Release | $227.98 $228.45 | ▲ +0.21% | ▼ −0.06% | $237.68 (+4.25%) |
Aug 26, 2026 5w ago | 8-K | $209.66 $224.41 | ▲ +7.04% | ▲ +7.16% | $237.68 (+13.36%) |
Aug 24, 2026 5w ago | Press Release | $208.48 $220.78 | ▲ +5.90% | ▲ +5.43% | $237.68 (+14.01%) |
US Market Status
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