Nvidia: Expects Q1 Fiscal Year 2027 Revenue to Reach $78 Billion

On February 26, NVIDIA announced that its revenue for the fourth quarter ending January 25, 2026, was $68.1 billion, a 20% increase from the previous quarter and a 73% increase from the same period last year. For the fiscal year 2026, revenue grew 65% year-over-year to $215.9 billion.

NVIDIA founder and CEO Jensen Huang stated that demand for computing power is growing exponentially, and the inflection point for AI agents has arrived. The Grace Blackwell platform, utilizing NVLink technology, continues to lead in inference, reducing the cost per token by an order of magnitude, while Vera Rubin will further solidify this leadership. Companies are accelerating the deployment of intelligent agents. “Our customers are competing to invest in AI computing power, which is the driving force behind the AI industrial revolution and future development.”

In fiscal year 2026, NVIDIA returned a total of $41.1 billion to shareholders through stock buybacks and cash dividends. As of the end of the fourth quarter, the company’s remaining stock repurchase authorization was $58.5 billion.

NVIDIA will pay a quarterly cash dividend of $0.01 per share to all shareholders registered as of March 11, 2026, on April 1, 2026.

NVIDIA’s outlook for Q1 FY2027: revenue is expected to reach $78 billion, with a variance of ±2%. The outlook does not include revenue from the data center computing segment in the Chinese market.

Performance Highlights

Data Center: Driven by the transformation of the accelerated computing and AI platforms, revenue in the fourth quarter reached a record $62.3 billion, up 22% quarter-over-quarter and 75% year-over-year. Full-year revenue increased 68% to a record $193.7 billion.

Gaming and AI PCs: Thanks to strong demand for Blackwell, gaming revenue in the fourth quarter was $3.7 billion, up 47% year-over-year; following a robust holiday season, channel inventory naturally adjusted, decreasing 13% quarter-over-quarter. Full-year revenue grew 41% to a record $16 billion.

Professional Visualization: Benefiting from strong demand for Blackwell, fourth-quarter revenue was $1.3 billion, up 74% quarter-over-quarter and 159% year-over-year. Full-year revenue increased 70% to a record $3.2 billion.

Automotive and Robotics: Thanks to the continued application of NVIDIA’s autonomous driving platform, automotive revenue in the fourth quarter was $604 million, up 2% quarter-over-quarter and 6% year-over-year. Full-year revenue grew 39% to a record $2.3 billion.