---
title: "NVDA FY4Q26 First Take: another strong print.Revenue rose QoQ by $11.1bn, largely driven by Data Cen"
description: "NVDA FY4Q26 First Take: another strong print.Revenue rose QoQ by $11.1bn, largely driven by Data Center as Blackwell moved into mass production.GPM recovered to 75%. For next quarter, the company guid"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/38894395.md"
published_at: "2026-02-25T23:24:22.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# NVDA FY4Q26 First Take: another strong print.Revenue rose QoQ by $11.1bn, largely driven by Data Cen

NVDA FY4Q26 First Take: another strong print.

Revenue rose QoQ by $11.1bn, largely driven by Data Center as Blackwell moved into mass production.

GPM recovered to 75%.

For next quarter, the company guides revenue to $78bn (+/-2%), implying another ~$10bn QoQ increase and beating raised buy-side estimates ($73-76bn).

Current flagship products are B300/GB300, and with Rubin launching in 2H, management expects high growth to continue.

Jensen Huang has outlined the AI outlook, targeting cumulative Blackwell + Rubin shipments of 20 mn units by end-2026 (roughly $500bn in revenue).

As a result, investors are not worried about FY2027 performance.

Beyond near-term results, the market is focused on NVDA's mid- to long-term competitiveness in AI chips.

As large models shift focus from training to inference, customers weigh compute alongside cost-efficiency, and ASIC competitors present potential risks to NVDA GPUs' high share and margins.

Under these concerns, NVDA faces strong growth yet a valuation that has been slow to re-rate.

More importantly, management needs to ease investor worries and reinforce mid- to long-term confidence.

For more details, follow Dolphin Research's upcoming commentary and management Trans.$NVIDIA(NVDA.US) $GraniteShares 2x Long NVDA Daily ETF(NVDL.US) $Direxion Daily NVDA Bear 1X ETF(NVDD.US)

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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.