NVIDIA Earnings Report: Q4 Revenue and Data Center Revenue Both Surpass Market Expectations

On February 25, NVIDIA released its Q4 FY2026 earnings report, showing performance that exceeded expectations.

At the same time, the strong growth momentum in its Q4 revenue and core data center business effectively alleviated market concerns about the sustainability of AI investments.

The earnings report shows that the company's revenue for the quarter reached $68.1 billion, a year-over-year increase of 73%; core data center revenue was $62.3 billion, with both key figures surpassing market expectations.

Furthermore, this strong momentum continues into the new fiscal year, with NVIDIA providing an approximately $78 billion revenue guidance for Q1 FY2027, also higher than Wall Street's average expectation of $72.6 billion.

CEO Jensen Huang stated in a release that customers are actively investing in AI computing, which is driving the "AI industrial revolution" and its future growth.

Despite NVIDIA's stock performance being weak in Q4 2025, making it one of the worst-performing 10 chip stocks, its stock price surged over 3% in after-hours trading following the release of the better-than-expected earnings report.

Just prior to this, the market was generally worried that the growth of AI hardware spending might be unsustainable, compounded by challenges such as storage chip shortages, limited customer financing capabilities, and competition from custom chips, which posed multiple challenges for NVIDIA and drew widespread attention.

However, the impressive financial data eased these concerns, with an adjusted gross margin of 75.2%; at the same time, the company stated that it has secured inventory and capacity through strategic deployment, enough to meet market demand for the coming quarters.

In summary, NVIDIA's "better-than-expected" performance undoubtedly provides the latest endorsement of its dominant position in the AI computing power field.

Although discussions about the competitive landscape and demand sustainability will not cease, the data at least temporarily proves that the global AI infrastructure construction wave is still racing at high speed.

For NVIDIA, which remains the world's most valuable company, challenges have never been absent. Under the continuously rising market expectations, whether it can consistently deliver high-standard results has become a "must-pass course" to maintain investor confidence.

#英伟达财报 #AI Computing Power