Nvidia on Wednesday posted its financial results for the fourth quarter of its fiscal 2026 and for the whole year. Driven by unprecedented demand for AI platforms, the company's Q4 FY2026 revenue reached $68.127 billion, Nvidia's highest quarterly result ever, whereas for the whole year, Nvidia earned $215.938 billion, the highest annual result ever. But while sales of AI compute and networking hardware set records, sales of gaming hardware dropped quarter-over-quarter (QoQ).
For the quarter that ended on January 31, 2026, Nvidia's GAAP revenue totaled $68.127 billion, up 20% sequentially and up 73% compared to the same quarter a year before. The company's net income reached $42.96 billion, up 94% year-over-year (YoY) as its gross margin topped 75%. As for the whole year, Nvidia earned $215.938 billion in revenue (up 65% from $130.497 billion) amid $116.997 billion net revenue (up 58% from $74.265 billion) and a 71.3% margin.
Data center hardware sales set new record: $68.127 billion
Nvidia's data center business accounted for the lion's share of its revenue both in Q4 FY2026 and for the whole fiscal year. For the quarter, the company earned $62.314 billion, including $51.334 billion for CPUs and GPUs (up 58% YoY) and $10.98 billion for networking hardware (up 263% YoY), up 75% year-over-year and 22% sequentially. For the whole year, Nvidia's data center business grew 68% to $193.737 billion.
"Computing demand is growing exponentially — the agentic AI inflection point has arrived," said Jensen Huang, founder and CEO of Nvidia. "Grace Blackwell with NVLink is the king of inference today — delivering an order-of-magnitude lower cost per token — and Vera Rubin will extend that leadership even further. 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."
Gaming is up 41% year-over-year, but there is a catch
In the fourth quarter of its fiscal 2026, Nvidia sold $3.727 billion worth of gaming GPUs, down 13% sequentially (which is in line with seasonal trends), but up 47% compared to Q4 FY2025. Sales of professional graphics solutions reached $1.321 billion (up 74% QoQ and 47% YoY), while sales of inexpensive graphics processors to OEMs were $161 million.
Nvidia was founded as a developer of graphics processors and even though today its core business is selling AI hardware for data centers, the company still generated $16.042 billion selling gaming GPUs (up 41% YoY), $3.191 billion selling professional visualization (ProViz) graphics solutions (up 70% YoY), and $619 million selling cheap graphics products to OEMs (up 59% YoY) in FY2026. In total, Nvidia earned $22.201 billion selling graphics products in FY2026, which represents 11.45% of its revenue for the whole year.
While Nvidia's gaming GPU business performed in line with seasonality in the fourth quarter, the company warned that the supply of gaming hardware would be tight in the next couple of quarters, which may mean that sales of GeForce products will be down year-over-year in Q1 and Q2 FY2027.
"As much as we would love to have more supply, we do believe for a couple of quarters it is going to be very tight," Huang said. "If things improve by the end of the year, there is an opportunity to think about what that is from a year-over-year growth, but it is still too early for us to know at this time. We will get back to you as soon as we can."
As for the Automotive business unit, its revenue reached $604 million in the fourth quarter of fiscal 2026, which was roughly flat year-over-year, and around $2.349 billion for the whole year, up 39% compared to FY2025.
Q1 FY2027 outlook
For Q1 FY2027, Nvidia projects revenue of $78 billion ± 2%, excluding any contributions from potential sales of data center GPUs to China and including continued sales of Blackwell and Blackwell Ultra platforms to various parties in the West. Gross margin is expected to be 74.9%.
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