If you're waiting for Jensen Huang to take the stage and talk about billions in AI revenue, you've probably got your eyes glued to the calendar. Honestly, it’s the only date that seems to matter in the tech world lately. Everyone wants to know exactly when the next shoe drops for the world’s most valuable chipmaker.
NVIDIA next earnings is officially confirmed for Wednesday, February 25, 2026.
The company usually drops the news after the market closes, which is around 4:20 PM ET. Then, the real show starts with the conference call at 5:00 PM ET. This isn’t just a routine financial update; it’s the report for the fourth quarter of fiscal 2026. Because NVIDIA uses a fiscal year that ends in January, this "Q4" actually tells the story of how the world spent its money on AI through the end of 2025 and the very start of 2026.
Why the February 25 Report Is Different This Time
The stock market has a funny way of getting bored with "good" news. You’ve probably noticed that even when NVIDIA beats expectations, the stock sometimes dips. People call it "priced in," but basically, it means the bar is just ridiculously high.
For this upcoming February report, the whisper number is all about Blackwell.
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Earlier in 2025, there were some hiccups with the Blackwell chip yields—kinda standard for something so complex—but those are reportedly in the rearview mirror. This earnings call is where we see if those chips are finally shipping in the massive volumes Jensen promised. Analysts at Wolfe Research and others are already pointing to a "virtuous cycle" of AI spending that hasn't slowed down, despite all the doomsday talk about an AI bubble.
The Numbers to Watch (Beyond the Headlines)
Wall Street is looking for revenue somewhere in the neighborhood of $65 billion.
That is a staggering number for a single quarter. To put that in perspective, a few years ago, that would have been a great year for most tech giants. But with NVIDIA, we’re looking at:
- Data Center Growth: This is the heart of the beast. If this number isn't up significantly from the $51.2 billion reported in Q3, expect some nervous trading.
- Gross Margins: They’ve been hovering around 74-75%. If they slip, it might signal that competition from AMD’s MI355X or internal chips from Amazon and Google is finally starting to bite.
- The China Factor: There’s been a lot of back-and-forth about export licenses for the H20 and H200 products. Any hint that shipments are resuming at scale could be a massive catalyst.
Real Talk on the "AI Fatigue" Narrative
You'll hear a lot of analysts on CNBC talking about "AI fatigue." They wonder if Microsoft, Meta, and Alphabet will keep spending $50 billion a year on chips. It’s a fair question.
But here’s what most people get wrong: the shift from "training" models to "inference" (running the models) is just starting.
When you ask a chatbot a question, that's inference. That takes a lot of power. As companies like OpenAI and xAI move toward "Physical AI"—think robots and autonomous factories—the demand for chips doesn't just stay high; it shifts. NVIDIA's Project GR00T for humanoid robots is a huge part of the long-term play that might get mentioned in the February call.
How to Trade the NVIDIA Next Earnings Date
If you’re holding NVDA or thinking about jumping in, the weeks leading up to February 25 are usually a rollercoaster.
We’ve seen a pattern where "bellwether" companies report first and act as a preview. Keep an eye on TSMC's recent updates and the Microsoft earnings on January 28. If Microsoft says they are increasing their CapEx (capital expenditure) for AI, it’s usually a green light for NVIDIA.
Conversely, if the "Hyperscalers" hint at a slowdown, NVIDIA’s stock might catch a cold before it even reports.
Actionable Steps for Investors
- Check the "Whisper" Number: Don't just look at the $1.45 to $1.52 EPS estimates. Look at the sentiment on platforms like Earnings Whispers a few days before the 25th. If the sentiment is too bullish, even a "beat" can lead to a sell-off.
- Watch the Guidance: The most important part of the February 25 report won't be the past three months. It’ll be what they say about the quarter ending in April 2026. That's when the "Rubin" architecture conversations will start heating up.
- Hedge Your Position: If you’re sitting on big gains, some investors use "protective puts" or simply trim a small percentage before the announcement. NVIDIA is known for 10% swings in a single day after earnings. It’s not for the faint of heart.
- Listen to the Call: Don't just read the bullet points. Jensen Huang’s tone and the specific questions asked by analysts about "Sovereign AI" (nations building their own data centers) tell you where the next $20 billion is coming from.
NVIDIA next earnings will define the tech narrative for the first half of 2026. Whether it’s a "buy the news" or "sell the rumor" event depends entirely on those Blackwell shipping numbers. Mark your calendar for February 25, clear your schedule for 5:00 PM ET, and get ready for some volatility.