Nvidia just posted the kind of financial trajectory that makes accountants do a double take. The company’s net income surged 2,900% over approximately three years, climbing from $4.37 billion in fiscal 2023 to $120 billion in fiscal 2026.
Nvidia reported $58.321 billion in net income for Q1 of fiscal 2026, a 211% jump year-over-year.
The numbers behind the surge
Nvidia’s fiscal 2026 annual net income landed at $120.067 billion. That figure represents a 65% increase from fiscal 2025’s $72.88 billion and a 145% leap from fiscal 2024’s $29.76 billion.
Revenue tells a similar story. Q1 fiscal 2026 brought in $81.6 billion in top-line revenue.
