Nvidia reported fiscal fourth-quarter results that exceeded Wall Street expectations, driven largely by continued strength in its data centre business.

For the quarter, the company posted earnings per share of $1.62 on revenue of $68.1 billion, beating analyst estimates of $1.53 per share on $65.8 billion in revenue. In the same period last year, Nvidia reported earnings per share of $0.89 on revenue of $39.3 billion.

The company also issued first-quarter revenue guidance in the range of $76.44 billion to $79.56 billion, comfortably ahead of consensus expectations of $72.8 billion. The outlook does not factor in any potential contribution from China.

Data centre revenue remained the primary growth engine, reaching $62.3 billion for the quarter, surpassing analyst projections of $60.2 billion. Chief Financial Officer Colette Kress said hyperscale cloud providers accounted for slightly more than half of data centre revenue, though growth was also supported by a broader range of enterprise customers.

Within the data centre segment, compute revenue rose 58% year-on-year, while networking revenue surged 263% to $11 billion.

Despite the earnings beat and strong guidance, Nvidia shares pared earlier gains in pre-market trading, rising around 1% after initially jumping by as much as 3%. The stock is up just over 5% year-to-date.

The results come ahead of Nvidia’s upcoming GTC 2026 conference in San Jose, where the company is expected to unveil new products and outline further advancements in artificial intelligence hardware. Earlier this year, Nvidia introduced its latest AI superchip, Vera Rubin, and expanded a multi-year agreement with Meta to supply both Blackwell and Rubin AI processors.

Nvidia continues to benefit from heavy AI capital expenditure by major hyperscalers, including Amazon, Google, Microsoft and Meta, which collectively plan to spend an estimated $650 billion on AI infrastructure in 2026.

Outside of data centres, Nvidia’s gaming division generated $3.7 billion in revenue, slightly below expectations of $4 billion.

As the AI investment cycle continues, market attention is increasingly shifting to whether Nvidia’s rapid growth can be sustained into 2027 and 2028 — a question likely to dominate investor discussions in the months ahead.