Nvidia (NVDA) reported Q4 FY2026 revenue of $68.13B, up 73.2% year-over-year, with Data Center Networking revenue surging 263% year-over-year to $10.98B driven by NVLink fabric for GB200 and GB300 systems, and free cash flow reaching $34.90B. The company guided Q1 FY2027 revenue to approximately $78.0B and disclosed $1 trillion in orders for Blackwell and Vera Rubin platforms through 2027 from partnerships with Meta, Anthropic, OpenAI, AWS, Google Cloud, Microsoft Azure, and Oracle. Agentic AI deployment ac ...

Core Insights - NVIDIA's CEO announced that purchase orders for the Blackwell and Vera Rubin platforms are expected to reach $1 trillion, which is seen as a significant milestone for the company [2][5] - Wolfe Research analyst Chris Caso believes that this $1 trillion figure represents a floor rather than a ceiling, suggesting that current market estimates may be conservative [3][6] Financial Performance - NVIDIA reported Q4 FY2026 revenue of $68.13 billion, reflecting a year-over-year increase of 73.2%, with Data Center revenue accounting for $62.31 billion, or 91% of total revenue [7][8] - Data Center Networking revenue grew by 263% year-over-year, reaching $10.98 billion, indicating strong demand for the full NVLink stack [7] - The company's full-year free cash flow was reported at $96.58 billion [7][8] Future Outlook - The $1 trillion order figure expands the visibility of orders to cover 2025, 2026, and 2027, with the 2027 order book still open as hyperscalers and enterprises continue to sign deals [5][8] - Current consensus estimates for 2027 are likely understated, as the order book is not yet closed and further growth is anticipated [6][8]

Wolfe Research: Nvidia's $1T Orders Guidance Is a Floor, Not a Ceiling - 24/7 Wall St. S&P 5006,761.40 +0.47% Dow Jones47,257.00 +0.49% Nasdaq 10024,977.20 +0.57% Russell 20002,539.22 +0.74% FTSE 10010,443.50 +0.67% Nikkei 22554,913.00 +0.63% Investing Wolfe Research: Nvidia's $1T Orders Guidance Is a Floor, Not a Ceiling By Jeremy PhillipsPublished Mar 18, 7:11AM EDT Quick Read Nvidia (NVDA) disclosed $1 trillion in purchase orders for Blackwell and Vera Rubin platforms across 2025- 2027, with Q4 FY2026 re ...