Nvidia Reports Q4 Earnings Today — Wall Street Expects $65 Billion in Revenue and All Eyes Are on Guidance
Nvidia’s fiscal Q4 FY26 earnings drop after market close today. Analysts expect $65.7B revenue and $1.53 EPS, but forward guidance will move the stock.
Today is the day. After months of anticipation, Nvidia releases its fiscal fourth-quarter FY26 earnings after the bell today, February 25. The numbers are expected to be massive — but for a stock that has been treading water since October, it is the forward-looking guidance that will really matter.
What Wall Street Expects From Nvidia Q4
Analysts are calling for revenue of $65.7 billion, representing a 67% jump year over year. Earnings per share are projected at $1.53, up nearly 72% from the same period last year. The consensus Data Center revenue estimate sits around $58.7 billion, with Gaming at approximately $4.3 billion and Automotive near $663 million.
These would be remarkable numbers for any company, but Nvidia has consistently beaten expectations — last quarter, the company reported revenue that was $3 billion above consensus. Morgan Stanley thinks the actual Q4 number could land closer to $72 billion.
Forward Guidance Is the Real Story
Here is the thing: Nvidia beating Q4 estimates is almost priced in at this point. What investors really care about is Q1 FY27 guidance and any commentary on the trajectory of AI infrastructure spending through the rest of 2026.
The big questions on everyone’s mind: How is Blackwell GPU adoption ramping? Are customers still building data centers at this pace? And how does the evolving energy landscape — power grid capacity cannot scale as fast as GPU orders — affect Nvidia’s near-term outlook?
A Stock That Needs a Catalyst
Nvidia shares have been in a holding pattern since October, trading sideways despite the broader market reaching new highs. The stock climbed 1.1% in early trading Wednesday as investors positioned ahead of the report. A strong guidance number could break the logjam; a soft one could extend the consolidation.
Why Nvidia Earnings Matter Beyond Nvidia
Nvidia’s earnings are not just an Nvidia story — they are a barometer for the entire AI economy. When Nvidia reports strong data center demand, it validates the capital expenditure plans of every major cloud provider, enterprise AI buyer, and sovereign AI initiative worldwide.
The conference call begins at 5 PM ET. If you are following the AI investment cycle, keep your eyes on the guidance line — that is where the real signal lives.
Sources: Kiplinger, February 2026; Yahoo Finance, February 2026; Motley Fool, February 22, 2026; IG International, February 2026