"Momentum Headed into February 25th Last quarter delivered the goods. NVIDIA posted $57.01 billion in revenue, beating estimates by more than $2 billion, with earnings per share of $1.30 topping the $1.26 consensus. Data Center revenue hit $51.2 billion, up 66% year-over-year, with networking revenue more than doubling to $8.2 billion. Gross margins came in at 73.6% non-GAAP, ahead of guidance."
"But the setup wasn't perfect. Inventory jumped 32% sequentially to $19.8 billion, and China sales essentially disappeared due to export restrictions. Jensen Huang acknowledged H20 chip sales were only around $50 million in Q3 after "sizable purchase orders did not materialize." Management assumed zero data center compute revenue from China in Q4 guidance, which carries forward into this report. Since then, shares have traded mostly sideways."
NVIDIA reports fourth-quarter fiscal 2026 results on February 25, 2026 after market close, guiding $65 billion revenue (about 14% sequential growth) and roughly 75% non-GAAP gross margin. The prior quarter delivered $57.01 billion in revenue, beating estimates by over $2 billion, with EPS of $1.30; Data Center revenue reached $51.2 billion, up 66%, and networking revenue rose to $8.2 billion. Inventory increased 32% sequentially to $19.8 billion and China data center revenue effectively disappeared due to export restrictions, with management assuming zero China compute revenue in Q4 guidance. H20 chip sales were near $50 million in Q3 after "sizable purchase orders did not materialize," while partnerships with Meta and large hyperscaler capex guides support demand expectations.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]