Nvidia reported stronger-than-expected profit and revenue in the latest quarter, underscoring persistent demand for the company’s advanced semiconductors powering the artificial intelligence boom. Earnings per share topped Wall Street projections, while revenue surged 69% to $44 billion. Meanwhile, the company anticipates revenue of $45 billion for the current quarter, despite an $8 billion loss in sales to China due to export controls. Yet U.S. tech giants show no sign of slowing their AI spending as CEO Jensen Huang said Nvidia’s new Blackwell chip is "in full-scale production."
In a quarter of uncertainty, Nvidia has reminded markets why it is the cornerstone of the AI revolution with another solid result and upbeat forecast.
Investors came into this quarter looking for signs that Nvidia could alleviate short-term concerns. What they got was a clear message that demand remains robust, Blackwell is ramping up fast, and these results will restore investor confidence. Despite the China drag, Nvidia’s top-line strength speaks for itself. With USD$ 44 billion in Q1 sales and another USD$ 45 billion expected next quarter, they’re making up for the China loss with soaring demand for Blackwell.
Another big focus was margins. Gross margin beat estimates, excluding the H20 impact, and that’s a big positive for progress into the 2nd half of the year when investors will expect to see margins move back into the mid-70% region. With profits soaring, Nvidia is creating a huge cash pile, jumping to USD$ 53.7 billion, up from USD$ 31.4 billion a year ago. That war chest gives the company the firepower to keep innovating through R&D, maintain its leadership at the forefront of AI, and potentially even reward shareholders with buybacks or dividends.
While sales in China are clouded by export restrictions, the Middle East looks set to become the new launchpad for Nvidia’s next phase of growth. Let’s be clear: the AI boom has many players, but Nvidia is the name that continues to set the pace.
NVIDIA just delivered another blockbuster quarter.
For Q1 FY2026, NVIDIA reported $44.1B in revenue, up 69% year-over-year, beating analyst expectations of $ 43.3 B. The data center segment—powered by surging AI demand—hit $39.1B, a 73% YoY increase.
CEO Jensen Huang emphasized that AI inference workloads and “AI factory” build-outs are driving massive growth. Demand for their new Blackwell platform is “incredible” and already reshaping industries.
EPS came in at $0.96 (non-GAAP), topping expectations, while GAAP EPS was $0.81. Despite mixed trading activity, investor sentiment remains strong.
Looking ahead, NVIDIA forecasts $45B in Q2 revenue, while acknowledging an $8B potential hit from U.S. export restrictions to China.