NVIDIA (NVDA) Company Report

Michael Burry warns Nvidia’s noncancelable purchase obligations jumped to $95.2 billion, with total supply commitments of $117 billion, roughly equal to its annual operating cash flow.
Burry likens this buildup to Cisco’s dot-com era peak, warning locked-in agreements could force future write-downs if AI demand softens.
Nvidia’s CFO Colette Kress notes inventory rose ~8% q-o-q as the company “strategically secured inventory and capacity” for AI growth.
Some analysts see the 3x y-o-y surge in commitments as positive, ensuring Nvidia remains a dependable supplier amid potentially doubling AI demand.

29 minutes ago

CNBC

Nvidia says AI reindustrializing US

NVDA

Debate intensifies as Oaktree’s Howard Marks warns Level 3 autonomous AI could replace multitrillion-dollar software labor, shifting $150–$250 billion in annual labor value to compute providers.
Nvidia CEO Jensen Huang argues AI acts as a tool on existing software stacks, boosting demand for structured data, secure platforms and enterprise software rather than hollowing out jobs.
Huang emphasizes Nvidia’s leadership in AI computing, positioning compute and software infrastructure suppliers as primary beneficiaries of AI’s growth.
Investors should target parts of the AI stack—compute, platforms or applications—most likely to capture value in the reindustrialization of US software.

1 day ago

WSJ

Nvidia posts record fiscal Q4 earnings, guides $78B Q1

NVDA

Earnings

Guidance Update

Share Buyback

Nvidia reported record fiscal Q4 revenue of $68.1 B, up 73% YoY, and net income of $43 B, driven by Data Center sales of $62 B.
Gross margin expanded into the mid-70% range and operating income more than doubled as the company reinvests in next-generation AI hardware and software.
Fiscal Q1 revenue is guided to $78 B ±2%, explicitly excluding any data-center revenue from China, topping Street estimates.
For the full fiscal year, Nvidia generated $215.9 B in revenue and returned $41.1 B to shareholders, with $58.5 B of buyback authorization remaining and a $0.01 quarterly dividend.
Management reaffirmed expectations to exceed a $500 B revenue pipeline in 2026 and anticipates growth in each quarter of calendar 2026.

1 day ago

Morningstar

NVIDIA reports Q4 FY2026 results

NVDA

Earnings

Guidance Update

Product Launch

Record Q4 total revenue of $68 billion (+73% YoY) driven by a data center segment that delivered $62 billion (+75% YoY, +22% sequential) and achieved full-year data center revenue of $194 billion (+68% YoY).
GAAP gross margin of 75% and non-GAAP gross margin of 75.2%; Q1 FY27 guidance calls for $78 billion ± 2% revenue, ~75% gross margin, and operating expenses of $7.7 billion (GAAP) and $7.5 billion (non-GAAP, incl. $1.9 billion stock-based comp), with FY27 non-GAAP OpEx up low-40% and tax rate 7–19%.
Free cash flow of $35 billion in Q4 and $97 billion for FY2026, with $41 billion (43% of FCF) returned to shareholders via buybacks and dividends.
Broad strength across business lines: Networking revenue $11 billion (3.5× YoY), Gaming $3.7 billion (+47% YoY), Professional Visualization $1.3 billion (+159% YoY), and Automotive $604 million (+6% YoY).
Rolled out Vera Rubin platform sampling of six new chips; deepened partnerships with OpenAI, Meta (millions of GPUs and Spectrum-X Ethernet), and Anthropic ($10 billion investment); and signed a non-exclusive license with Groq to enhance low-latency inference.

1 day ago

Transcript

NVIDIA reports Q4 fiscal 2026 results

NVDA

Earnings

Product Launch

Guidance Update

NVIDIA delivered $68 billion in Q4 revenue, up 73% year-over-year, driven by record data center sales of $62 billion (up 75% yoy, 22% sequentially) and full-year data center revenue of $194 billion (+68% yoy).
Gaming revenue reached $3.7 billion (+47% yoy) and professional visualization hit $1.3 billion (+159% yoy), while automotive contributed $604 million (+6% yoy).
NVIDIA shipped its first Vera Rubin CPU samples and remains on track for production in H2 2026, expecting broad deployment alongside ongoing Blackwell GPU sales.
Strategic partnerships were expanded with OpenAI (GPT-5.2 Codex rollout), Meta deployments, a $10 billion investment in Anthropic, and a non-exclusive license agreement with Groq, reinforcing NVIDIA’s AI infrastructure leadership.
Management forecasts sequential revenue growth throughout calendar 2026, supported by inventory and supply commitments extending into 2027.

1 day ago

Transcript

NVIDIA reports Q4 2026 results

NVDA

Earnings

Guidance Update

Share Buyback

Record revenue of $68 billion in Q4, up 73% year-over-year; Q4 data center revenue of $62 billion (+75% YoY) drove full-year data center sales to $194 billion (+68% YoY).
Networking revenue hit $11 billion in Q4 (over 3.5× YoY), lifting FY 2026 networking sales to $31 billion (10× FY 2021).
Free cash flow of $35 billion in Q4 and $97 billion for FY 2026; returned $41 billion (43% of FCF) to shareholders via buybacks and dividends.
Inventory grew 8% QoQ, and NVIDIA has secured supply commitments into calendar 2027 to support future demand.
Q1 FY 2027 guidance: revenue of $78 billion ± 2%, gross margin around 75%, and non-GAAP operating expenses of $7.5 billion (including $1.9 billion stock-based compensation).

1 day ago

Transcript

NVIDIA reports Q4 FY2026 results

NVDA

Earnings

Revenue Acceleration/Inflection

Guidance Update

Record Q4 revenue of $68.1 billion, up 73% year-over-year, driven by surging Data Center demand (Data Center revenue up nearly 13× since ChatGPT).
GAAP gross margin of 75.0%, a 2.0 point increase YoY; non-GAAP gross margin was 75.2%.
GAAP net income of $43.0 billion (+94% YoY) and GAAP diluted EPS of $1.76 (+98% YoY).
Free cash flow more than doubled to $34.9 billion, from $15.5 billion a year earlier, with operating cash flow of $36.2 billion.
Q1 FY27 outlook: non-GAAP revenue expected flat to ±2% sequentially, gross margin ~75.0% (±50 bps), and operating expenses of ~$7.5 billion.

1 day ago

Presentation

NVIDIA announces Q4 and FY2026 financial results

NVDA

Earnings

Dividends

Share Buyback

NVIDIA reported record Q4 revenue of $68.1 billion, up 20% sequentially and 73% year-over-year.
Data Center revenue reached $62.3 billion in Q4, growing 22% quarter-over-quarter and 75% year-over-year.
Fiscal 2026 full-year revenue was $215.9 billion, up 65% from FY 2025, with GAAP diluted EPS of $4.90.
NVIDIA returned $41.1 billion to shareholders in FY 2026 through share repurchases and dividends, and declared a $0.01 quarterly cash dividend.

1 day ago

8-K

NVIDIA announces Q4 and fiscal 2026 results

NVDA

Earnings

Guidance Update

Share Buyback

Record Q4 revenue of $68.1 billion, up 20% sequentially and 73% year-over-year; full-year revenue of $215.9 billion, up 65% y/y
Q4 gross margin was 75.0% (GAAP) and 75.2% (non-GAAP); FY26 gross margin was 71.1% (GAAP) and 71.3% (non-GAAP)
GAAP diluted EPS of $1.76 in Q4 and $4.90 for FY26; non-GAAP EPS of $1.62 and $4.77, respectively
Returned $41.1 billion to shareholders in FY26 through share repurchases and dividends, with $58.5 billion remaining under authorization; next quarterly dividend of $0.01 per share
Q1 FY27 outlook: revenue of $78.0 billion ± 2%, gross margins around 75%, and operating expenses of ~$7.7 billion (GAAP) and ~$7.5 billion (non-GAAP) including stock-based compensation

1 day ago

Press Release

NVIDIA and VAST Data launch end-to-end CUDA accelerated AI data stack

NVDA

Product Launch

VAST Data and NVIDIA unveiled an end-to-end, fully CUDA-accelerated AI data stack, unifying data services and compute to simplify RAG pipelines and continuous AI workloads.
The new VAST CNode-X NVIDIA-certified system runs the VAST AI OS directly on NVIDIA-powered servers, integrating storage, retrieval, analytics, and inference in one platform.
GPU-accelerated features include up to 44% faster SQL queries and 80% lower query costs via the Sirius engine, alongside NVIDIA cuVS for vector search, Nemotron/NIM microservices, and CMX for large-scale inference.
CNode-X servers will be offered through OEM partnerships with Cisco and Supermicro, enabling enterprises to deploy the integrated AI infrastructure through preferred vendors.