Nvidia Reports Record Earnings
Nvidia (NASDAQ: NVDA) reported record revenue in its latest fiscal quarter, achieving $68 billion, a 73% increase year-over-year, surpassing analyst expectations of just over $66 billion. Adjusted earnings per share reached $1.62, exceeding the $1.53 estimate. For the fiscal year 2026, Nvidia’s full-year revenue climbed to over $215 billion, a 65% increase from the previous year.
The growth can be attributed to the strong demand for Nvidia’s graphics processing units (GPUs) and its expanding portfolio of AI products. Analysts project that capital expenditure by cloud service providers could increase by $120 billion this year, reaching nearly $700 billion, signaling robust growth opportunities for AI-driven revenue.
Over the past five years, Nvidia’s stock has soared 1,300% as it transitioned from primarily serving the gaming market to dominating the AI sector, positioning itself for long-term revenue growth as AI and data center demands evolve.
