NVIDIA Reports Record Q1 FY2026

NVIDIA Reports Record Q1 FY2026 Results with $44.1 Billion in Revenue

NVIDIA (NASDAQ: NVDA) today reported revenue for the first quarter ended April 27, 2025, of $44.1 billion, up 12% from the previous quarter and up 69% from a year ago.

Record results were driven by soaring demand for accelerated computing and AI infrastructure across global data centers.

Data Center Revenue

$39.1 billion, up 10% from Q4 and up 73% from a year ago

Gaming Revenue

$3.8 billion, a quarterly record, up 48% from Q4 and up 42% year-over-year

Margins and EPS

GAAP gross margin: 60.5%
Non-GAAP gross margin: 61.0%
GAAP EPS: $0.59
Non-GAAP EPS: $0.81
Excluding a $4.5 billion inventory charge related to H20 export restrictions, Non-GAAP EPS would have been $0.96

H20 Export Restrictions & Inventory Charge

On April 9, 2025, the U.S. government required a license to export H20 GPUs to China. Before the cutoff, H20 generated $4.6 billion in Q1 revenue. NVIDIA recorded a $4.5 billion charge for excess inventory and purchase obligations. An additional $2.5 billion in H20 orders could not be fulfilled.

AI Infrastructure & Strategic Growth

NVIDIA launched the Blackwell NVL72 AI supercomputer, the Blackwell Ultra platform, and NVIDIA Dynamo, an agent inference engine. The company is working with U.S. and international partners to build next-generation AI factories.

Key partnerships include:

– HUMAIN in Saudi Arabia
– Stargate UAE in Abu Dhabi
– Taiwan’s AI cluster with Foxconn

The Blackwell architecture is now deployed with AWS, Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure.

CEO Commentary

“NVIDIA is powering a fundamental shift in computing,” said Jensen Huang, founder and CEO of NVIDIA. “Our Blackwell platform is in full production and will be available widely this year. We’re working with cloud providers, server makers and country-scale partners to build a new class of AI factories to produce artificial intelligence.”

He added: “AI is driving a platform shift in computing. Global demand is surging, and inference token generation has increased tenfold over the past year. The next wave—AI agents—will drive exponential growth in real-time reasoning, and we are at the center of this transformation.”

Q2 FY2026 Outlook

Revenue: approximately $45.0 billion, plus or minus 2%
GAAP gross margin: approximately 71.8%
Non-GAAP gross margin: approximately 72.0%
GAAP operating expenses: approximately $5.7 billion
Non-GAAP operating expenses: approximately $4.0 billion
GAAP and non-GAAP other income and expense: approximately $500 million
GAAP tax rate: 17.0%
Non-GAAP tax rate: 16.0%

Cash Dividend

The company announced a cash dividend of $0.01 per share, payable on July 3, 2025, to all shareholders of record as of June 11, 2025.

For the official press release and complete financial details, visit:
👉 https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-first-quarter-fiscal-2026

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