Topline
Nvidia on Wednesday reported $68.1 billion in sales—a 73% year-over-year increase—even as investors appeared rattled in recent weeks by rapid developments and accelerated spending in AI.
Nvidia published its latest earnings report Wednesday afternoon. (Photo by Patrick T. Fallon / AFP)
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Key Facts
Nvidia reported $68.1 billion in quarterly revenue and $1.62 earnings per share, well over consensus analyst estimates of $66.1 billion and $1.54, respectively, according to FactSet.
Nvidia’s full-year revenue totaled $215.9 billion with $4.77 earnings per share, topping expectations of $213.8 billion and $4.69 earnings per share, respectively.
Data center revenue in the fourth quarter reached a record $62.3 billion, up 75% from one year ago and making up over 91% of the company’s sales.
Surprising Fact
Nvidia is the only member of the “Magnificent Seven” stocks to increase so far this year, as shares of Tesla, Microsoft, Alphabet, Meta, Apple and Amazon have yet to see gains.
Key Background
The last of the “Magnificent Seven” to report earnings, Nvidia provides the latest update on the AI market as Wall Street appeared skeptical about the technology in recent weeks. Alphabet, Amazon, Meta and Microsoft projected combined spending of $610 billion for 2026, with each firm citing growing demand for AI products, including Amazon, which projected capital expenditures of up to $200 billion. WedBush Securities analysts wrote earlier this week that spending forecasts for the year have exceeded expectations, while Cantor Fitzgerald economists said last week that, despite “insatiable” demand for computing power, investor concerns remain about AI spending. Recent developments from Anthropic have also spooked investors, with new plugins for its Claude chatbot rattling global software stocks earlier this month. Equity Armor Investments CEO Luke Rahbari told Bloomberg that, should investors respond positively to Nvidia’s outlook for its current fiscal year, the downturn for AI-exposed stocks should turn positive.
Further Reading
Nvidia Earnings Beat Wall Street Expectations And Set Another Quarterly Sales Record (Forbes)
Source: https://www.forbes.com/sites/tylerroush/2026/02/25/nvidia-earnings-top-expectations-on-record-data-center-revenue/
