Finsyt AI SummaryQ4 FY2026 · Updated Apr 10, 2026▲ Bullish
NVIDIA delivered record Q4 FY2026 revenue of $39.3B (+73% YoY), driven by explosive Data Center demand for Blackwell GPUs. Gross margin expanded to 75.9% (+380bps) as Blackwell mix shift improved. Management guided Q1 FY2027 to ~$43B, above consensus of $41.5B. The Blackwell architecture is supply-constrained through mid-2026; Jensen Huang cited $3-4T annual AI infrastructure spend by 2030. Key risks: US-China export controls on H20, customer concentration, and AMD MI300X share gains.