By Mohit Oberoi
Publication Date: 2026-03-02 16:00:00
Nvidia (NVDA) released its fiscal Q4 2026 earnings on Wednesday, Feb. 25, after the close of markets. It was the “usual” report that we have been so accustomed to for the last three years. The company’s revenues and profits soared past estimates, and it provided an upbeat guidance that was well ahead of Street estimates.
However, as has usually been the case with NVDA, even a blowout earnings report failed to take the stock higher. While the shares were trading flattish in after-hours on Wednesday, they closed down over 5% on Thursday and another 4% on Friday but are recovering a little in this morning’s trading session. Let’s examine this disconnect between Nvidia’s otherwise strong earnings report and the price action and analyze whether you should buy the dip in NVDA.
Nvidia’s revenues rose 73% year-over-year (YoY) in fiscal Q4 and 65% in the full year. For the current quarter, it guided for revenues of $78 billion at the midpoint, which was ahead of even the most bullish projections and implies growth accelerating to 77%. Importantly, the guidance does not assume any sales to China. While Nvidia’s margins in the last fiscal year contracted to 71.3% as it ramped up Blackwell production, the company expects the metric to be at 74.9% at the midpoint in the current quarter.
While markets sent NVDA stock southwards following the fiscal Q4 report, sell-side analysts were not perturbed and did pretty much the same…
