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NVIDIA (NVDA) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Feb 25, 2026
NVIDIA (NVDA) reported revenue of $68.1B for the fourth quarter fiscal 2026 (Q4 FY26), +73% from a year earlier and +20% from the quarter before. Operating margin was 65.0%, net earnings $43.0B (63.1% of revenue).
NVIDIA, Q4 FY26: revenue $68.1B (+73% year over year), operating margin 65.0%, net earnings $43.0B, operating cash flow $36.2B. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $68.1B | +20% | +73% |
| Gross profit | $51.1B | +22% | +78% |
| Operating profit | $44.3B | +23% | +84% |
| Net earnings | $43.0B | +35% | +94% |
| Operating cash flow | $36.2B | +52% | +118% |
| Free cash flow | $34.9B | +58% | +124% |
What changed
Revenue was $68.1B in Q4 FY26, up 73% year over year and up 20% from the previous quarter. Compute was the largest line at 75% of revenue.
Gross margin was 75.0%, up 2.0 points from Q4 FY25. Operating profit was $44.3B, a 65.0% margin (up 3.9 points year over year). Of the extra revenue versus Q4 FY25, 70% reached operating profit, above the 61% margin then. Operating expenses grew 45% against revenue growth of 73%. The fastest-growing cost line was Research & development (+48%). Net earnings were $43.0B, up 94% year over year. The effective tax rate was 14.8%.
Operating cash flow was $36.2B (up 118% year over year), 84% of net earnings. Non-cash charges added back $0.81B of depreciation and amortization and $1.6B of share-based compensation. Working capital and other items used $9.2B. Capital expenditures of $1.3B left free cash flow of $34.9B.
Questions
What was NVIDIA's revenue in the fourth quarter fiscal 2026?
NVIDIA (NVDA) reported revenue of $68.1B for the fourth quarter fiscal 2026 (Q4 FY26), +73% from a year earlier and +20% from the quarter before.
Was NVIDIA profitable in the fourth quarter fiscal 2026?
Operating profit was $44.3B (65.0% of revenue) and net earnings $43.0B.
Source: NVIDIA 10-K on SEC EDGAR.