NVIDIA's $65.7 Billion Is Here

"Wall Street has set the bar at $65.7 billion in revenue for NVIDIA's fiscal Q4 2026, with results expected after the close tonight. That figure represents the consensus estimate heading into what is one of the most closely watched earnings reports in the market. For context, NVIDIA's own Q4 guidance, issued with its Q3 results on November 18, 2025, called for $65.0 billion, plus or minus 2%."

"The harder question is gross margin. NVIDIA guided Q4 non-GAAP gross margin to 75.0%, plus or minus 50 basis points, up from 73.6% in Q3. That recovery matters because the Blackwell architecture transition has created short-term margin pressure. If margins come in at the low end of guidance or disappoint, it signals that the ramp is costlier than expected."

"If NVIDIA hits or clears $65.7 billion, it would mark a dramatic acceleration from $57.0 billion in Q3—a sequential jump of roughly 15% in a single quarter. That Q3 result itself came in ahead of the $56.02 billion estimate, driven by Data Center revenue of $51.2 billion, up 66% year over year."

NVIDIA reports Q4 fiscal 2026 earnings with Wall Street expecting $65.7 billion in revenue, representing a 15% sequential increase from Q3's $57.0 billion. The company's own guidance of $65.0 billion plus or minus 2% positions the consensus estimate comfortably within expectations. However, revenue achievement is secondary to gross margin performance. NVIDIA guided Q4 non-GAAP gross margin to 75.0%, up from 73.6% in Q3, with the recovery critical given margin pressures from the Blackwell architecture transition. Prediction markets indicate a 93.8% probability of beating revenue estimates, though only 35.5% expect the stock to trade above $200 by February 27. Margin performance signals whether the Blackwell ramp proceeds as expected or faces unexpected costs.

Read at 247wallst.com