https://x.com/NVIDIAAI/status/1928466466786939109
Nvidia reported strong financial results for the first quarter of fiscal year 2026, with revenue increasing 69% year-over-year to $44.1 billion. However, the company faced challenges due to U.S. government restrictions on exports of its H20 products to China. The company incurred a $4.5 billion charge in the quarter as a result of diminished demand for H20 products following the new export licensing requirements.
https://x.com/rwbaird/status/1928518020936212661
Prior to the restrictions, sales of H20 products were $4.6 billion, and Nvidia was unable to ship an additional $2.5 billion of H20 revenue in the quarter. Despite these setbacks, Nvidia’s CEO Jensen Huang remained optimistic, stating, “Global demand for NVIDIA’s AI infrastructure is incredibly strong. AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate.”
The company’s data center revenue, a key driver of growth, reached $39.1 billion, up 73% from the previous year.
https://x.com/Jon_Hartley_/status/1928169769859199394
Nvidia posts resilient revenue growth
Nvidia also announced partnerships and collaborations to advance AI solutions and infrastructure.
https://x.com/Beth_Kindig/status/1928072962415947962
For the second quarter of fiscal 2026, Nvidia expects revenue to be $45.0 billion, plus or minus 2%, reflecting a loss of approximately $8.0 billion in H20 revenue due to export control limitations.
The company projects gross margins to be around 72% and operating expenses to be between $4.0 billion and $5.7 billion. Colette Kress, Nvidia’s executive vice president and CFO, provided commentary on the quarter’s financial performance, which is available on the company’s investor relations website. Nvidia’s shares rose more than 4% in after-hours trading following the earnings report.
The company ended the trading day as the second-most-valuable company in the world, behind Microsoft and ahead of Apple, with a market value of $3.3 trillion.
