Nvidia (NASDAQ: NVDA) reported earnings of $39.33 billion in the fourth quarter of the 2025 fiscal year, with earnings per share (EPS) of $0.89 — beating analyst estimates of an $0.84 EPS and $38.04 in revenue, according to the LSEG consensus.
Nvidia stock closed up just under 4% today, reversing a decline that began Thursday.
Nvidia founder and CEO Jensen Huang said, “Demand for Blackwell is amazing as reasoning AI adds another scaling law — increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter.”
Nvidia’s Future Outlook
Nvidia said it expects Q1 FY2026 revenue of $43.0 billion, with GAAP and non-GAAP gross margins of 70.6% and 71.0%, respectively.
Questions remain about whether DeepSeek, China’s spoiler in the great artificial intelligence race, will reduce demand for Nvidia’s chips, both as a result of greater efficiency and further restrictions by Washington exports to China.
Another major looming question is whether the rollout of Nvidia’s next-generation Blackwell chip will proceed smoothly. A report last month in The Information claimed that early shipments of Blackwell suffered from glitches and overheating.
However, Nvidia reported $11 billion in Blackwell revenue in Q4 — which it says is “the fastest product ramp in our company’s history.”
“Nvda another robust beat and raise. No weakness in AI Revolution demand. Blackwell demand insane. Tech will digest this and be very bullish on derivatives. Conf call key.”
Dan Ives, Managing Director, Global Head of Technology Research, Wedbush Securities
More than half of Blackwell spending will be by three others of the Magnificent 7, according to Morgan Stanley, with Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG) combining for almost 70%, and Amazon (NASDAQ: AMZN) contributing a more modest 6.2%.
This is a breaking news story and will be updated as more information becomes available.
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