Nvidia Delivers Blockbuster Quarter and Raises Forecast Amid Surging AI Demand

Nvidia reported strong quarterly earnings that beat analyst expectations, driven by soaring demand for its AI chips, and provided an upbeat revenue forecast that underscores the ongoing artificial intelligence boom.

The company’s fiscal fourth-quarter revenue climbed 106% year-over-year to $96.22 billion, surpassing the $92.17 billion consensus forecast from LSEG analysts. Adjusted earnings per share reached $2.46, up 128% from the previous year and above the projected $2.10 per share.

Shares initially dipped after the earnings release but rebounded more than 4% during the post-earnings conference call, as CFO Colette Kress clarified that any shortfall relative to investor expectations stemmed from supply limitations rather than weakening demand.

“We’re confident in our ability to deliver on our projections, and we continue working closely with our supply chain partners to expand production,” said CEO Jensen Huang during the call.

Nvidia’s bullish guidance extended well into the future, with Kress projecting fiscal 2028 revenue growth of around 70%, significantly higher than the roughly 45% growth analysts had anticipated. This marks the first time the company has offered financial guidance a full year in advance, signaling exceptional confidence in sustained demand for AI infrastructure.

The company also announced an expanded partnership with Amazon, under which Amazon Web Services will deploy an additional 2 million of Nvidia’s graphics processing units over the next two years. AWS will integrate Nvidia’s latest Vera central processing units and adopt its full suite of AI development tools, including Omniverse and Isaac platforms.

Nvidia’s dominance in AI hardware was reflected in its capital allocation strategy, with the company returning a record $26 billion to shareholders during the quarter through dividends and share repurchases. With $80 billion in new buyback authorization and a dividend increase announced earlier this year, Nvidia continues to prioritize shareholder value amid rapid growth.

Looking ahead, management expects continued momentum in data center spending, supported by a global cloud infrastructure backlog exceeding $2 trillion and increasing investment from major technology firms in large-scale AI deployments.

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