Overview
- Nvidia reported Q4 revenue of $68.1 billion, up 73%, and full‑year revenue of $215.9 billion with net income near $120 billion.
- Nvidia forecast roughly $78 billion in revenue for the current quarter, exceeding Wall Street consensus.
- The stock slipped in after‑hours trading and swung the next day, reflecting caution despite the beat and raised guidance.
- Demand is being powered by Microsoft, Google, Amazon and Meta, with reported AI data‑center capex plans around $660–700 billion this year.
- Management pointed to supply visibility through 2027 while risks persist from tight memory supply, limited H200 export licenses to China, large long‑term purchase obligations reported near $95 billion, and concerns about circular financing including a reported $100 billion Meta–AMD arrangement.