**Bullish Points:**
1. Revenue for fiscal year 2026 was $215.9 billion, up 65% from a year ago.
2. Data Center revenue for fiscal year 2026 was up 68% from a year ago, driven by demand for Blackwell computing platform.
3. Gaming revenue for fiscal year 2026 was up 41% from a year ago, driven by strong Blackwell demand.
4. Professional Visualization revenue for fiscal year 2026 was up 70% from a year ago, driven by demand for Blackwell and the launch of DGX Spark.
5. Automotive revenue for fiscal year 2026 was up 39% from a year ago, driven by adoption of self-driving platforms.
6. Net income for fiscal year 2026 was $120.1 billion, up 65% from a year ago.
7. Net income per diluted share for fiscal year 2026 was $4.90, up 67% from a year ago.
8. Cash provided by operating activities increased to $102.7 billion in fiscal year 2026 from $64.1 billion in fiscal year 2025.
9. As of January 25, 2026, NVIDIA had $62.6 billion in cash, cash equivalents, and marketable securities.
10. NVIDIA repurchased 282 million shares of common stock for $40.4 billion in fiscal year 2026.
11. NVIDIA paid cash dividends to shareholders of $974 million in fiscal year 2026.
**Bearish Points:**
1. Gross margin decreased to 71.1% in fiscal year 2026 from 75.0% in fiscal year 2025, impacted by a $4.5 billion charge associated with H20 excess inventory and purchase obligations.
2. Operating expenses for fiscal year 2026 were up 41% from a year ago, driven by higher compensation and benefits expenses and compute and infrastructure costs.
3. Cash used in investing activities increased to $52.2 billion in fiscal year 2026 from $20.4 billion in fiscal year 2025, driven by higher purchases of equity investment securities and the execution of a non-exclusive license agreement with Groq.
4. Cash used in financing activities increased to $48.5 billion in fiscal year 2026 from $42.4 billion in fiscal year 2025, mainly due to higher share repurchases.
**Summary:**
NVIDIA has demonstrated strong financial performance in fiscal year 2026, with significant increases in revenue, net income, and cash provided by operating activities. The company has seen substantial growth across various segments, including Data Center, Gaming, Professional Visualization, and Automotive. Additionally, NVIDIA has maintained a strong cash position and has actively repurchased shares and paid dividends to shareholders.
However, the company faced challenges with a decrease in gross margin due to inventory charges and an increase in operating expenses. Furthermore, there was a significant rise in cash used for investing and financing activities, primarily driven by higher equity investments and share repurchases.
Overall, while NVIDIA's financial performance is robust, the increased expenses and cash outflows warrant careful monitoring.
For more information, you can read the original text of NVIDIA(NVDA)'s financial report .
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