The figure marked a 73 per cent jump from a year earlier and comfortably beat analyst forecasts of $65.7 billion, underscoring the strength of the AI infrastructure buildout that has placed the company at the centre of the technology sector's biggest spending wave.

Net income more than doubled year-on-year to $42.96 billion. Nvidia's shares initially rose following the results before paring gains in what analysts attributed to profit-taking.

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The Santa Clara-based firm, which designs the graphics processing units (GPUs) that power most advanced AI systems, now has a market capitalisation of more than $4.7 trillion, making it the world's most valuable listed company.

Spending by the four largest AI investors, Google, Amazon, Meta and Microsoft, could approach $700 billion this year as they race to expand data centres and AI capabilities, with a significant portion flowing to Nvidia.

Chief executive Jensen Huang said the industry had reached a turning point driven by the emergence of "agentic AI", referring to systems capable of taking autonomous actions.

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"We have now seen the inflexion of agentic AI and the usefulness of agents across the world," he said, adding that enterprises were seeing "incredible" demand.

He pointed to the rapid uptake of AI coding and productivity tools - including Anthropic's Claude and OpenAI's Codex - as evidence that the technology was delivering measurable returns for customers and cloud providers.

"What used to be software running on computers has now gone into AI," Huang said. "And that translates directly to growth, and that translates directly to revenues" for companies deploying AI solutions.

Nvidia's data centre division remained the main growth driver, with quarterly revenue climbing to a record $62.3 billion, up 75 per cent year-on-year and 22 per cent from the previous quarter.

For the full fiscal year ended January 25, 2026, the company reported revenue of $215.9 billion, a 65 per cent increase, while data centre sales rose 68 per cent to $193.7 billion.

Looking ahead, Nvidia forecast current-quarter revenue of about $78 billion, plus or minus two per cent - well above market expectations of roughly $72 billion - a guidance analysts said should ease concerns about the sustainability of AI infrastructure spending.

Chief financial officer Colette Kress noted that the outlook assumes no data centre revenue from China due to ongoing US export restrictions on advanced chips.

Even though Washington has approved exports of limited quantities of lower-powered chips, "we have yet to generate any revenue, and we do not know whether any imports will be allowed into China," she told analysts.

Widely seen as the bellwether of the AI boom, Nvidia's results come amid continued volatility in technology stocks. The company's shares have risen more than 50 per cent over the past year, though they were up just 2.2 per cent for 2026 before the earnings release, reflecting investor caution about how long the current surge in AI spending can be sustained.