NVIDIA (NASDAQ:NVDA) reported staggering fourth-quarter and fiscal year 2026 results on Wednesday, cementing its position as the primary architect of the global artificial intelligence transition.
The Santa Clara-based company posted record quarterly revenue of $68.1 billion, up 73% from a year ago, and full-year revenue of $215.9 billion—a 65% increase that highlights the accelerating pace of AI infrastructure spending.
The results were driven almost entirely by the Data Center segment, which generated a record $62.3 billion in the fourth quarter alone.
CEO Jensen Huang attributed the performance to the "virtuous cycle of AI," noting that demand for the company’s Blackwell architecture has shifted from initial supply constraints to peak volume production.
Major hyperscalers, including Meta, Microsoft, and Amazon, have continued to ramp up capital expenditures, with NVIDIA's H200 and Blackwell GPUs serving as the foundational hardware for their next-generation large language models.
NVIDIA also provided a major update on its product roadmap, confirming that the "Rubin" platform—the successor to Blackwell—has officially entered production.
Utilizing TSMC's 3nm process, Rubin is expected to begin shipping in volume by the third quarter of fiscal 2027.
Financially, the company announced a significant change in its reporting structure; beginning in Q1 FY2027, NVIDIA will include stock-based compensation in its non-GAAP measures to align with maturing industry standards.
The board also signaled its commitment to shareholder returns, with $58.5 billion remaining on its share repurchase authorization after returning $41.1 billion to investors in fiscal 2026.
For the first quarter of fiscal 2027, NVIDIA issued an outlook of $78 billion in revenue (plus or minus 2%), well ahead of the $71 billion analysts had projected.
The company expects gross margins to stabilize in the mid-70% range as production efficiencies for the Blackwell line continue to improve.