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Nvidia Shatters Records With $68.1 Billion Quarter, Guides $78 Billion on AI Demand

The outlook signals resilient AI infrastructure spending across large cloud platforms despite China sales constraints.

Overview

  • Quarterly revenue reached $68.1 billion as data center sales hit a record $62.3 billion, with GAAP gross margin about 75% and net income roughly $43 billion.
  • Nvidia forecast fiscal Q1 revenue of about $78.0 billion, plus or minus 2%, and said its outlook assumes no data center compute revenue from China.
  • Full‑year fiscal 2026 revenue rose to $215.9 billion with net income about $120.1 billion, underscoring sustained AI-driven growth.
  • Shares rose as much as roughly 4% in after‑hours trading following the beat and strong guidance before easing back.
  • A previously discussed $100 billion NvidiaOpenAI infrastructure framework is reported to be off, with Nvidia instead said to be making about a $30 billion equity investment in OpenAI.