Quarterly Earnings Performance
Note: NVIDIA's fiscal year ends late January. Quarters below are labeled by fiscal quarter but grouped by the calendar year in which they were reported.
| Quarter | Period | Report Date | Revenue | YoY Growth | EPS (non-GAAP) | Guidance (next qtr) | Notes |
|---|---|---|---|---|---|---|---|
| Q4 FY2025 | Nov 2024–Jan 2025 | 2025-02-26 | $39.3B | +78% | $0.89 | $43.0B ±2% | Record DC rev $35.6B; Blackwell ramp begins |
| Q1 FY2026 | Feb–Apr 2025 | 2025-05-28 | $44.1B | +69% | $0.76 | $45.0B ±2% | $4.5B H20 export write-down; $0.96 excl. charge |
| Q2 FY2026 | Apr–Jul 2025 | 2025-08-27 | $46.7B | +56% | $1.05 | $54.0B ±2% | Networking +98% YoY; two hyperscalers = 39% of rev |
| Q3 FY2026 | Aug–Oct 2025 | 2025-11-19 | $57.0B | +62% | $1.30 | — | Blackwell strong; sequential +22%; beat est. |
Full-year FY2026 total (Q1–Q4): $216B (+65% vs FY2025's $130.5B)
| Quarter | Period | Report Date | Revenue | YoY Growth | EPS (non-GAAP) | Guidance (next qtr) | Notes |
|---|---|---|---|---|---|---|---|
| Q4 FY2026 | Nov 2025–Jan 2026 | 2026-02-25 | $68.0B | +73% | $1.76† | — | DC rev $62.3B; gross margin 75%; hyperscalers >50% |
| Q1 FY2027 | Feb–Apr 2026 | 2026-05-20 | $81.6B | +85% | $1.87 | $91.0B ±2% | Beat est. by $2.7B; China excl. from outlook; div +25× |
† Q4 FY2026 EPS reported on GAAP basis; non-GAAP not confirmed from available sources.
| Quarter | Est. Report Date | Est. Revenue | Est. EPS | Source |
|---|---|---|---|---|
| Q2 FY2027 | ~2026-08-26 | $89.2–$92.8B | ~$2.10 (est.) | Co. guidance $91.0B ±2%; analyst consensus |
NVIDIA has sustained hypergrowth driven by data center AI infrastructure demand, with revenue expanding from $39.3B (Q4 FY2025) to $81.6B (Q1 FY2027) in just five quarters — a +107% increase. The principal headwind was the April 2025 U.S. export restriction on H20 chips to China, which triggered a $4.5B inventory write-down in Q1 FY2026 and China is now explicitly excluded from forward guidance. Blackwell GPU shipments are the core growth engine, with Data Center revenue at $62.3B in Q4 FY2026 alone — ahead of the $60.7B analyst estimate. The next earnings release (Q2 FY2027, ~Aug 26, 2026) targets $91.0B in guided revenue, implying ~95% YoY growth, alongside a freshly authorized $80B share repurchase program and a 25× dividend increase announced with Q1 FY2027.
Generated: 2026-05-23