By Beth McKenna
Publication Date: 2026-02-26 01:48:00
The artificial intelligence (AI) tech leader’s Q4 results and guidance indicate that demand for AI infrastructure remains very robust.
Shares of Nvidia (NVDA +1.44%) are hovering between being down less than 1% and up less than 1% in Wednesday’s after-hours trading as 8 p.m. ET approaches, following the artificial intelligence (AI) tech leader’s release of its report for its fourth quarter of fiscal 2026 (ended Jan. 25).
The quarter’s revenue and adjusted earnings per share (EPS) easily beat Wall Street’s estimates, and Q1 guidance for the top line crushed the analyst consensus estimate.
Investors always have extremely high expectations for Nvidia, so even if it turns in a fantastic quarter, its stock may not rise much, or even at all.
Image source: Getty Images.
Nvidia’s key quarterly numbers
| Metric | Fiscal Q4 2025 | Fiscal Q4 2026 | Year-Over-Year Change |
|---|---|---|---|
| Revenue | $39.33 billion | $68.13 billion | 73% |
| GAAP operating income | $24.03 billion | $44.30 billion | 84% |
| GAAP net income | $22.09 billion | $42.96 billion | 94% |
| Adjusted net income | $22.07 billion | $39.55 billion | 79% |
| GAAP earnings per share (EPS) | $0.89 | $1.76 | 98% |
| Adjusted EPS | $0.89 | $1.62 | 82% |
Data sources: Nvidia and Y! Finance. Q4 fiscal 2026 ended on Jan. 25. GAAP = generally accepted accounting principles. EPS = earnings per share.
GAAP numbers include one-time items. Investors should focus on the adjusted numbers, which exclude one-time items. Wall Street was looking for adjusted EPS of $1.54 on revenue of $66.23 billion, so Nvidia exceeded both expectations….