Nvidia(US:NVDA) EBSCN·2026-02-26 12:09Investment Rating - The report maintains a "Buy" rating for NVIDIA (NVDA.O) [7] Core Insights - NVIDIA's FY26Q4 and full-year results exceeded market expectations, with FY26Q4 revenue reaching $68.1 billion, a year-over-year increase of 73% and a quarter-over-quarter increase of 20% [1] - The company expects FY27Q1 revenue guidance of $78 billion, surpassing Bloomberg consensus of $72.9 billion [1] - The CEO highlighted that the "Agentic AI inflection point has arrived," indicating sustainable downstream demand for AI computing [3] Summary by Relevant Sections Data Center Business - FY26Q4 revenue for the data center segment was $62.3 billion, up 75% year-over-year and 22% quarter-over-quarter [2] - The computing business revenue was $51.3 billion, reflecting a year-over-year increase of 58% and a quarter-over-quarter increase of 19% [2] - The introduction of the NVIDIA Rubin platform is expected to significantly reduce inference token costs, enhancing the product cycle transition from Blackwell to Rubin [2] Gaming Business - FY26Q4 gaming revenue was $3.7 billion, a year-over-year increase of 47% but a quarter-over-quarter decrease of 13% [4] - Full-year gaming revenue reached $16 billion, up 41% year-over-year, driven by strong demand for Blackwell architecture chips [4] Professional Visualization Business - FY26Q4 revenue for professional visualization was $1.3 billion, a year-over-year increase of 159% and a quarter-over-quarter increase of 74% [4] - Full-year revenue was $3.2 billion, reflecting a year-over-year growth of 70% [4] Automotive Business - FY26Q4 automotive revenue was $600 million, a year-over-year increase of 6% and a quarter-over-quarter increase of 2% [4] - Full-year automotive revenue reached $2.3 billion, up 39% year-over-year, primarily due to the adoption of the company's autonomous driving platform [4] Profit Forecast and Valuation - The report projects significant growth in NVIDIA's earnings, with GAAP net profit estimates for FY2027 and FY2028 increased by 24% and 31% to $211.1 billion and $273.3 billion, respectively [5] - The projected EPS for FY2027-2029 indicates a P/E ratio of 23x, 17x, and 14x, respectively [5]