The world’s most valuable company has reported another series of expectation-defying results, lessening fears, for now, of an AI bubble bursting.
Nvidia said its revenue reached another all-time high, hitting more than $200bn (£147bn) in its 2026 financial year, far outpacing Wall Street estimates and the company’s own guidance.
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It also recorded the greatest growth from one three-month period to the next in the company’s history.
The set of results was described as “absolutely stellar” by Kyle Rodda, the senior financial market analyst at trading platform Capital.com and “monster” by Kathleen Brooks, research director at brokerage firm XTB.
Across many metrics, Nvidia posted remarkable growth: gross profit surpassed $150bn (£110bn) in the 12 months to the end of January. Data centre revenue hit $62bn (£45.7bn) in the most recent three-month period alone as the company said it saw demand from a diverse client base.
Its demand is “broad, diverse and expanding”, the company said in a call with investors, while its chief executive Jensen Huang said there was an “exponential” need for computing and therefore demand for his company’s chips.
Nvidia also said it expects revenue to go even higher, to $78bn (£57.5bn) during the current three-month period that runs to the end of April.
Why the focus on Nvidia?
These results matter as Nvidia is a major company behind the artificial intelligence (AI) boom, both the skyrocketing tech company valuations and the increasing use and capability of AI in recent…
