US EditionNvidia beats on earnings and revenue as data center sales jump 73%
- Nvidia reported fiscal first-quarter earnings on Wednesday, posting $18.8 billion profit and $44.1 billion revenue, surpassing market expectations.
- The results reflected a $4.5 billion charge from new U.S. Export controls requiring licenses for some chip sales to China, which caused a sales loss but was less than the expected $5.5 billion impact.
- Although Nvidia faced a $2.5 billion revenue shortfall in China due to decreased demand for certain chips, its gaming segment achieved an all-time high revenue of $3.8 billion, while global demand for AI chips continued to remain robust.
- Without the charge, Nvidia would have earned 96 cents per share, well above analysts' 73-cent forecast, prompting shares to rise more than 4% after hours.
- Nvidia faces mounting geopolitical and competitive pressures, but analysts say sustaining dominance requires navigating complex challenges amid strong AI infrastructure demand.
180 Articles
180 Articles
Nvidia Results Eclipse Analysts' Predictions
Artificial intelligence technology bellwether Nvidia overcame a wave of tariff-driven turbulence to deliver another quarter of robust growth amid feverish demand for its high-powered chips that are making computers seem more human. Nvidia earned $18.8 billion, or 76 cents per share, for the period, a 26% increase from the...
Instant Reaction: Nvidia Gives Solid Forecast, Despite China Concerns - Bloomberg Businessweek
Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed on results. Sales will be about $45 billion in the second fiscal quarter, which runs through July, the company said on Wednesday. That included the loss of roughly $8 billion in revenue from China because of export controls. The forecast was in line with analysts’ estimates, according to data compiled by Bloomb…
Nvidia shares pop on strong AI demand despite hit from China chip restrictions
Nvidia reported solid first quarter earnings on Wednesday, providing some relief to anxious investors who have come to see the world’s leading chip supplier as a bellwether for the overall tech industry.
Coverage Details
Bias Distribution
- 52% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
