Nvidia reported record fourth-quarter revenue of $39.3 billion, up 12% from the previous quarter and 78% from a year ago, as demand for artificial intelligence chips continued to drive growth.
The company’s earnings topped expectations, with diluted earnings per share of $0.89, beating analyst estimates of $0.84, according to data from TipRanks.
The result marked a 14% increase from the prior quarter and an 82% rise from a year earlier. Nvidia has now beaten earnings forecasts in every quarter over the past year.
Shares of the chipmaker closed up 3.67% at $131.28 and rose another 2.32% in after-hours trading to $134.33, as investors reacted positively to the company’s latest results.
Revenue from Nvidia’s data center unit, its largest business segment, reached $35.6 billion, climbing 16% from the previous quarter and nearly doubling from a year ago.
The company cited strong demand for its Blackwell AI chips, which have become a key component in the infrastructure powering artificial intelligence models.
“Nvidia is scaling AI computing at an unprecedented pace,” CEO Jensen Huang said in a statement. “Demand for Blackwell is extraordinary as businesses seek greater AI reasoning and processing capabilities.”
For the full fiscal year, revenue more than doubled to $130.5 billion. Net income, meanwhile, surged 145% to $72.9 billion, reflecting the strength of Nvidia’s position in the AI market.
Looking ahead, Nvidia expects revenue of $43 billion in the first quarter of fiscal 2026, in line with Wall Street expectations but lower than some of the more optimistic forecasts.
The company’s gross margin is projected at 70.6% on a GAAP basis and 71.0% on a non-GAAP basis.
In other words, Nvidia expects to keep about 71 cents in profit from every dollar of sales after covering the basic costs of making its products.
The way this is calculated differs slightly depending on accounting methods, but both measures show the company’s profitability remains strong.
While Nvidia has maintained its dominance in AI hardware, some analysts have flagged concerns over supply constraints and rising competition.
As of the market close on Wednesday, major U.S. stock indexes showed mixed results.
The S&P 500 edged up by 0.81 points, or less than 0.1%, breaking a four-day losing streak. The Dow Jones Industrial Average fell by 188.04 points, or 0.4%.
Meanwhile, the tech-heavy Nasdaq Composite gained 48.88 points or 0.3%.
In the after-hours market, futures for the Dow Jones remained mostly unchanged, while S&P 500 and Nasdaq futures saw slight increases.
