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).

• 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.

• 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."

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

• 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.

NVIDIA's Q4 results exceeded expectations on both adjusted EPS and revenue, reflecting strong performance particularly in its Data Centre segment, which suggests robust demand in AI computing. The guidance for Q1 indicates continued growth potential, although the CFO's mention of gaming supply constraints could signal headwinds in that sector, making it critical to monitor how this impacts overall sentiment in semiconductors.