US EditionNvidia beats on earnings and revenue as data center sales jump 73%
- For its fiscal first quarter ending in April, Nvidia reported earnings of $18.8 billion with a net income of 76 cents per share, alongside a revenue total of $44.1 billion.
- The results included a $4.5 billion charge due to U.S. government restrictions on chip sales to China, which reduced earnings by 20 cents per share.
- CEO Jensen Huang revealed plans to strengthen domestic production by establishing facilities in Arizona and Texas to manufacture AI chips and supercomputers, while highlighting strong international demand for Nvidia’s AI technology infrastructure.
- Nvidia predicted revenue of about $45 billion for May to July, in line with investor expectations, supported by continued growth in gaming and data center sales.
- Analysts note Nvidia faces mounting geopolitical, competitive, and tariff-related challenges that could affect future AI chip demand despite the company’s current strong position.
178 Articles
178 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.
Fox Business
The New York LedgerNvidia shares rise on strong Q1 earnings, despite export control headwinds
Nvidia reported strong Q1 earnings with a 26% net income increase, but faces challenges from U.S. export restrictions on AI chips to China, that will impact future sales.
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