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Nvidia Soars Past Expectations on AI Boom
26 Feb
Summary
- Nvidia's Q4 revenue hit $68.13 billion, up 73% year-over-year.
- Profit nearly doubled, reaching approximately $43 billion.
- Q1 guidance exceeds analyst expectations, signaling continued growth.
Nvidia has announced stellar fiscal fourth-quarter results, far exceeding market expectations. The company reported revenue of $68.13 billion, marking a substantial 73 percent surge compared to the prior year and surpassing analyst estimates of $65.91 billion.
Profitability saw a significant boost, with earnings nearly doubling to approximately $43 billion, equating to $1.76 per share. This strong financial performance was largely driven by hyperscaler clients, which now represent over 50 percent of Data Center revenue, although growth is diversifying across other Data Center customers.
The Santa Clara, California-based technology giant also provided an optimistic forecast for the first quarter, projecting revenue between $76.44 billion and $79.56 billion, which is higher than Wall Street's predictions of $72.8 billion. CEO Jensen Huang emphasized that the artificial intelligence boom is in its nascent stages and poised to revolutionize society.
Nvidia's recent strategic moves include expanding its agreement with Meta for AI processors and servers. These impressive results precede the company's GTC 2026 event in San Jose, California, where new product announcements are anticipated.
