$NVIDIA(NVDA.US) Q4 earnings report is out, exceeding expectations.

Market Expectations (Pre-announcement Consensus)

Metric Market Consensus Expectation Explanation

Revenue (Revenue) ~$6.5 – $6.6 billion (approx. $65.7–$66.1 billion) Expected year-over-year growth of about 66%–68%, significantly higher than the same period last year.

Adjusted Earnings Per Share (Adjusted EPS) ~$1.50 – $1.53 Expected year-over-year growth of 70%+.

Data Center Revenue Estimate ~$56–62 B Estimated Data center remains the main revenue driver.

Gross Margin Expectation ~75% Expected to remain at a high level.

These expectations come from consensus models of Wall Street analysts (e.g., FactSet, Visible Alpha, etc.) and were widely cited before the earnings announcement.

Comparison with Past Performance (Historical Expectations vs. Actual)

To provide a reference scale for the expectations, we can compare the actual results of Q4 FY2025 (i.e., the same quarter of the previous fiscal year) with the expectations at that time:

Metric Actual Result Analyst Expectation Result vs. Expectation

Revenue $39.3 B $38.05 B Exceeded expectations (+3.3%)

Adjusted EPS $0.89 $0.84 Exceeded expectations (+ approx. 6%)

Growth Rate +78% ~73% Expected Exceeded expectations

Historically, NVIDIA has repeatedly exceeded analyst expectations (including revenue and EPS), primarily benefiting from the explosive growth of its AI data center business.

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