Mark your calendars. Nvidia is officially scheduled to report its fourth-quarter and full-year fiscal 2026 earnings on Wednesday, February 25, 2026.
The announcement usually hits the wires shortly after the market closes, typically around 4:20 PM ET. If you're looking for the deep dive into the numbers, the conference call with CEO Jensen Huang and CFO Colette Kress follows at 5:00 PM ET.
It feels like every single time Nvidia reports, the entire market holds its breath. This upcoming report is particularly heavy because it wraps up a fiscal year that saw Nvidia's Blackwell architecture move from "the next big thing" to the literal backbone of the global economy.
When does Nvidia report earnings next and why is everyone so obsessed?
Honestly, Nvidia has become the de facto yardstick for the AI revolution. If they beat expectations, the whole tech sector usually rallies. If they merely "meet" expectations, sometimes the stock dips because investors have become addicted to massive beats.
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For the February 25 report, analysts are currently projecting a consensus Earnings Per Share (EPS) of approximately $1.52. That is a staggering jump from the $0.85 they reported in the same quarter last year. Revenue expectations are hovering around **$65 billion**.
To put that in perspective: just a few years ago, Nvidia was thrilled to make $6 billion in a quarter. Now, they're looking at ten times that amount in a single three-month window.
The Blackwell and Rubin Factor
A huge part of this earnings call will be about the "Rubin" platform. Just this month at CES, Nvidia confirmed that Rubin is in full production. While Blackwell is the current cash cow, Rubin is the future. Investors want to know exactly when the first Rubin chips will ship to customers like Microsoft and OpenAI.
During the last report in November 2025, Nvidia reported record revenue of $57 billion. They basically told the world that demand for AI chips is still outstripping supply. February’s report will confirm if that trend held through the holiday season and the start of the new year.
What to watch before February 25
You shouldn't just wait for the Nvidia report itself. There are several "bellwether" events happening in the weeks leading up to it that usually hint at what's coming.
- January 28: Microsoft reports. Since Microsoft is one of Nvidia’s biggest customers, their capital expenditure (CapEx) numbers tell us how many GPUs they're still buying.
- February 3: AMD reports. This is Nvidia’s primary rival. If AMD shows strong growth in their MI300 and MI325 series, it proves the AI market is growing for everyone, not just one player.
- February 4: Alphabet (Google) reports. Similar to Microsoft, we're looking at how much they are spending on infrastructure.
Misconceptions about Nvidia's fiscal year
One thing that confuses people is why Nvidia is reporting "Fiscal Year 2026" results in early 2026. Basically, Nvidia’s fiscal year ends in late January. So, even though we just started the calendar year 2026, they are finishing up their "Fiscal 2026."
It's a weird accounting quirk. Don't let it trip you up. When they report on February 25, they are talking about the months of November, December, and January.
Is the "AI Bubble" finally leaking?
There's always talk about a bubble. You've heard it, I've heard it. But the numbers from the last three quarters show that Nvidia’s customers—the massive data centers—are seeing real returns on their AI investments.
In the Q3 report, Data Center revenue was $51.2 billion. That was up 66% from the year before. For the "bubble" to pop, we would need to see those data center numbers start to flatten or drop. So far, there's zero evidence of that happening. In fact, Nvidia’s partnership with OpenAI to deploy massive 10-gigawatt systems suggests the scale is only getting larger.
The Gaming and PC Pivot
While AI is the star of the show, don't ignore the Gaming segment. Last quarter, it brought in $4.3 billion. With the release of major titles like Battlefield 6 and ARC Raiders utilizing DLSS 4, the consumer side of the business is still a multi-billion dollar juggernaut. It’s no longer the "main" business, but it provides a very healthy floor for the company’s valuation.
Actionable steps for investors
If you're planning to trade or hold through the earnings, here's the reality:
- Check the Guidance: The most important number on February 25 isn't actually the profit from last quarter—it's the "Guidance" for Q1 of the next fiscal year. If Nvidia forecasts revenue significantly higher than $65 billion for the next quarter, the stock likely stays on its upward trajectory.
- Monitor the Gross Margin: Nvidia has been maintaining gross margins in the 73% to 75% range. This is incredibly high for a hardware company. If this starts to slip, it means competition (like AMD or internal chips from Amazon/Google) is starting to bite.
- The "Rubin" Timeline: Listen closely for the word "Rubin" during the conference call. Any delay in the shipping timeline for this next-gen architecture could cause short-term volatility.
The next few weeks will be filled with rumors and analyst "price target" hikes. Ignore the noise. The hard data arrives on February 25.