By Daniel Howley
Publication Date: 2026-02-26 17:03:00
Nvidia (NVDA) stock fell more than 5% on Thursday as Wall Street tried to square the company’s strong Q4 earnings and Q1 outlook with broader anxiety surrounding the AI trade.
For the quarter, Nvidia saw earnings per share (EPS) of $1.62 on revenue of $68.1 billion. Wall Street was anticipating EPS of $1.53 on revenue of $65.8 billion, according to Bloomberg analyst consensus estimates.
The company also offered Q1 guidance between $76.44 billion and $79.56 billion, above Wall Street’s estimates of $72.8 billion.
Nvidia’s data center drove the vast majority of that growth, bringing in $62.3 billion for the period. That’s better than analysts’ projections of $60.2 billion.
CFO Colette Kress said much of that came from hyperscalers.
“For the fourth quarter, hyperscaler revenue increased and remained our largest customer category at slightly over 50% of Data Center revenue, while growth was led by the rest of our Data Center customers as revenue diversified,” she said in a statement.
Read more: Live coverage of corporate earnings
Nvidia breaks down its data center business into compute, graphics chips and CPUs, and networking. For the quarter, the company said compute revenue grew 58% year over year, while networking soared 263% to $11 billion.
Nvidia’s results come just a few weeks before the company is set to host its GTC 2026 event in San Jose, Calif., where it’s expected to make a number of major product announcements.
It also follows the…
