Summary
NVIDIA Corporation's fiscal year 2026 filing showcases an exceptionally strong performance, driven by a staggering 65% revenue increase to $215.9 billion. The company's Data Center segment was the primary engine of this growth, up 68%, fueled by the widespread adoption of its accelerated computing and AI platforms, particularly the Blackwell architectures. The Gaming segment also saw significant growth (41%), with impressive demand for Blackwell GPUs, although the company anticipates supply constraints to be a headwind in the upcoming fiscal year. Despite the robust revenue growth and a substantial increase in net income to $120.1 billion, the gross margin experienced a slight decline to 71.1% from 75.0% in the prior year. This was largely attributed to the transition to Blackwell full-scale datacenter solutions and a $4.5 billion charge for H20 excess inventory and purchase obligations. The company continues to invest heavily in research and development (up 43%) and has a strong liquidity position with $62.6 billion in cash, cash equivalents, and marketable securities, alongside significant share repurchase activity. However, ongoing export control restrictions, particularly impacting the China market, remain a significant risk factor, impacting competitive positioning and future revenue potential.
Financial Highlights
54 data points| Revenue | $215.94B |
| Cost of Revenue | $62.48B |
| Gross Profit | $153.46B |
| R&D Expenses | $18.50B |
| SG&A Expenses | $4.58B |
| Operating Expenses | $23.08B |
| Operating Income | $130.39B |
| Net Income | $120.07B |
| EPS (Basic) | $4.93 |
| EPS (Diluted) | $4.90 |
| Shares Outstanding (Basic) | 24.36B |
| Shares Outstanding (Diluted) | 24.51B |
Key Highlights
- 1Revenue surged by 65% year-over-year to $215.9 billion in fiscal year 2026, primarily driven by the Data Center segment.
- 2Data Center revenue grew by an impressive 68%, with Blackwell architectures leading the charge in accelerated computing and AI solutions.
- 3Gaming revenue increased by 41%, reflecting strong demand for Blackwell GPUs, though supply constraints are expected in the next fiscal year.
- 4Net income reached $120.1 billion, a substantial increase reflecting strong operational performance.
- 5Gross margin declined to 71.1% from 75.0% due to product transitions and a significant charge for H20 excess inventory.
- 6R&D expenses increased by 43% to $18.5 billion, highlighting continued investment in innovation.
- 7The company maintained a strong liquidity position with $62.6 billion in cash, cash equivalents, and marketable securities as of January 25, 2026.