🔥 Nvidia Reports Outstanding Q4 Results, Breaking All Records

- Revenue $68.1B, surpassing expectations of ~$65.9B, up +73% YoY - a historic record.
- Data Center $62.3B, exceeding expectations of ~$60.36B, up +75% YoY - continues to be the main driver.
- EPS $1.62, beating expectations of ~$1.50.
- Gross profit margin 75.2%, higher than the previous quarter and exceeding expectations.
- Operating margin ~65%, significantly up compared to the same period last year.
- Gaming, Automotive, and Professional Visualization are no longer the focus - Data Center dominates the entire growth story.
- Networking revenue surged, reflecting strong demand for complete AI systems.
📌 Q1 FY27 Forecast
- Revenue $78.0 billion, far exceeding market expectations of ~$72.8B.
- Gross profit margin ~75.0%, very impressive for a giant-cap company.
- Operating expenses ~$7.5B.
- Nvidia still has $58.5B of unused buyback program remaining. Extremely strong free cash flow, enough to self-fund growth and R&D.
-> AI infrastructure remains the main engine. Demand from hyperscalers and enterprises is unlikely to decrease in the near future as the market shifts focus from training to inference and a complete AI ecosystem.
📌 Stock price dropped sharply after the report despite excellent results, indicating market expectations may be unrealistic. The biggest risk is that nearly 50% of revenue is concentrated among just 3 major customers and policy variables from China.
How long will AI capex last? Will it extend until October 2026 as Cinitri once predicted?