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Nvidia reported extraordinary fourth-quarter results on Wednesday, with revenue soaring to $39.3 billion – a 78% increase from the same period last year and a 12% rise from the previous quarter. The California-based technology giant's remarkable performance exceeded Wall Street expectations, with adjusted earnings of 89 cents per share surpassing analysts' forecasts of 85 cents.
The company's stunning growth has been primarily fueled by unprecedented demand for its new Blackwell chips, which power cutting-edge artificial intelligence systems. Net income reached $22.06 billion, comfortably beating market predictions of $19.57 billion.
"Demand for Blackwell is amazing as reasoning AI adds another scaling law — increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter," stated Jensen Huang, Nvidia's founder and CEO, in the earnings release.
Data center sales, a core segment of Nvidia's business, experienced a staggering 93% year-over-year surge to $35.6 billion. The Blackwell architecture achieved $11 billion in revenue during its first full quarter on the market – the fastest product ramp in the company's history.
Nvidia CFO Colette Kress highlighted that large cloud service providers represented approximately half of the company's data center revenue during the quarter. "We delivered $11 billion of Blackwell architecture revenue in the fourth quarter of fiscal 2025, the fastest product ramp in our company's history," Kress told investors.
The tech giant's market valuation has now exceeded $3 trillion, making it the second-largest firm on Wall Street behind only Apple. This represents a remarkable ascent from below $600 billion just two years ago, demonstrating the explosive growth driven by artificial intelligence demand.
Looking forward, Nvidia projects continued momentum with revenue forecasts of approximately $43 billion for the first quarter of fiscal 2026. Huang expressed confidence in the company's future, noting that Nvidia is at the center of the "next wave" of AI innovations focusing on three key areas: agentic AI for enterprises, physical AI for robotics, and sovereign AI as different regions develop their own ecosystems.
The earnings report comes amid intensifying global competition. Chinese company DeepSeek recently announced developing a large language model reportedly rivaling ChatGPT while using Nvidia's chips more efficiently. This news temporarily rattled investors, briefly wiping $595 billion from Nvidia's market value before a rebound.
Nvidia's dominant position in AI hardware coincides with broader developments in the sector, including US President Donald Trump's promotion of a $500 billion joint venture involving OpenAI, Oracle, and SoftBank to build critical AI infrastructure, with Nvidia serving as a key partner.
