NVIDIA (NVDA) Grows Revenue by 65% in Fiscal 2026, Expects $78B for Next Quarter

NVIDIA Corp. (NASDAQ:NVDA) is one of 15 stocks with the biggest hedge fund momentum, after gaining 27 hedge fund holders during the fourth quarter of 2025. On February 25, NVIDIA Corp. (NASDAQ:NVDA) reported record revenue for its fourth quarter ended January 25, 2026, of $68.1 billion, up 20% from the previous quarter and up 73% from a year ago. For fiscal 2026, revenue was $215.9 billion, up 65% from a year ago.

For the quarter, GAAP and non-GAAP earnings per diluted share were $1.76 and $1.62, respectively. For fiscal 2026, GAAP and non-GAAP earnings per diluted share were $4.90 and $4.77, respectively. During fiscal 2026, NVIDIA returned $41.1 billion to shareholders through share repurchases and cash dividends. As of the end of the fourth quarter, the company had $58.5 billion remaining under its share repurchase authorization. Jensen Huang, founder and CEO of NVIDIA, said, “Enterprise adoption of agents is skyrocketing. Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth.”

NVIDIA expects its revenue for the first quarter of fiscal 2027 to be around $78.0 billion, plus or minus 2%, excluding data center compute revenue from China. GAAP and non-GAAP gross margins are expected to be 74.9% and 75.0%, respectively, plus or minus 50 basis points, inclusive of a 0.1% impact from stock-based compensation expense. GAAP and non-GAAP operating expenses are expected to be approximately $7.7 billion and $7.5 billion, respectively, inclusive of $1.9 billion of stock-based compensation expense.

Meanwhile, on February 24, analysts at HSBC lowered their price target on NVIDIA Corp. (NASDAQ:NVDA) to $310 from $320 while maintaining a Buy rating.

NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.

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