NVIDIA Corporation (NVDA) Q4 2026 (USD): Adj. EPS 1.62 (exp. 1.54), Revenue 68.1bln (exp. 66.12bln)

• Gross margin 75%. Gross margin aided by lower inventory provisions.
• Maintained quarterly cash dividend USD 0.01/shr (exp. 0.01).

Revenue breakdown

• Data Centre Revenue 62.3bln (exp. 60.36bln).
• Compute Revenue 51.33bln (exp. 51.61bln).
• Networking Revenue 10.98bln (exp. 9.02bln).
• Gaming Revenue 3.7bln (exp. 4.01bln); gaming revenue growth driven by strong Blackwell demand.

CEO commentary

• Computing demand is growing exponentially, the agentic AI inflection point has arrived
• Customers are racing to invest in Ai compute.
• "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."

CFO Commentary

• Expect supply constraints to be headwind to Gaming in fiscal Q127 and beyond.

Outlook

• Q1 revenue 76.44-79.56bln (exp. 72.78bln).
• Q1 GAAP and non-GAAP gross margins are expected to be 74.9% and 75.0%, respectively, plus or minus 50 basis points.
• Not assuming any data centre compute revenue from China in its Q1 outlook.