NVIDIA FY2026 results & $1T+ demand validation
Key Questions
What were NVIDIA's Q4 FY2026 revenue figures?
NVIDIA reported Q4 revenue of $68.1B, up 73% year-over-year, driven by data center revenue of $62.3B. NVLink revenue reached $11B, surging 263%.
How much did NVIDIA's annual revenue grow in FY2026?
Annual revenue for FY2026 was $215.9B, representing a 65% increase from the prior year. The company achieved 71% gross margins.
What is NVIDIA's guidance for FY2027 Q1?
NVIDIA guided for $78B in FY2027 Q1 revenue, with $95B in commitments and a $1T backlog extending through 2027, excluding China data center sales.
What are the analyst price targets for NVIDIA stock?
Analysts have set price targets ranging from $260 to $429, remaining bullish due to NVIDIA's CUDA moat despite risks from custom silicon, in-house chips, and TERAFAB.
What acquisitions did NVIDIA announce?
NVIDIA embarked on a $10B acquisition spree including Groq, Marvell, and SchedMD to bolster its AI ecosystem.
What are the supply ramps for NVIDIA's products?
Supply ramps include 5.5-6M Blackwell units, 1M Hopper units, and 1.5M Rubin units. The GB300 offers 50x the performance of H100.
How has demand validated NVIDIA's position?
A $1T backlog through 2027 confirms massive demand, with strong growth in data center and NVLink segments validating NVIDIA's AI leadership.
What risks are analysts considering for NVIDIA?
Risks include competition from custom/in-house silicon and TERAFAB, but analysts remain optimistic on NVIDIA's CUDA software moat.
Q4 $68.1B rev (+73% DC $62.3B, NVLink $11B +263%), annual $215.9B +65%, 71% margins; FY27 Q1 $78B guide $95B commitments $1T backlog thru 2027 no China DC; PTs $260-429 bullish on CUDA moat vs custom/in-house silicon/TERAFAB risks; $10B acq spree (Groq/Marvell/SchedMD); supply ramps Blackwell 5.5-6M/Hopper 1M/Rubin 1.5M; GB300 50x H100.