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Nvidia beats on earnings and revenue as data center sales jump 73%

  • Nvidia reported fiscal first-quarter earnings on Wednesday with revenue of $44.1 billion and profit of $18.8 billion, beating market expectations.
  • The results followed U.S. Export controls requiring licenses to sell Nvidia's H20 chips in China, which caused a $4.5 billion charge amid reduced demand.
  • Nvidia's data center revenue surged 73%, while gaming chips reached a record $3.8 billion, reflecting strong demand despite geopolitical headwinds.
  • CEO Jensen Huang said, "Global demand for NVIDIA's AI infrastructure is incredibly strong," as shares rose nearly 4% in after-market trading.
  • Analysts noted Nvidia faces mounting competitive and geopolitical pressures, including rivals gaining on cost-effectiveness and ongoing export restrictions impacting future sales.
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Nvidia earnings beat expectations despite US export controls

Nvidia on Wednesday reported earnings that topped market expectations, with a $4.5 billion hit from US export controls being less than the Silicon Valley chip juggernaut had feared.

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Barron's broke the news in New York, United States on Wednesday, May 28, 2025.
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