Summary
Nvidiakicked off its new fiscal year with a huge start, reporting record-breaking revenue for Q1, which wrapped up on June 17, 2025.Nvidiaposted a 12% increase in revenue from the previous quarter and a huge 69% jump compared to the same time last year.
Nvidia is known globally for its work in accelerated computing and its graphics processing units that have powered gaming for years. Since starting in 1993, the company has moved well beyond gaming, getting into AI, robotics, and autonomous vehicles. Back in October 2024,Nvidia surpassed Apple to become the most valuable companyin the world, reaching a market cap of $3.53 trillion. These latest financial results show that NVIDIA is keeping up that momentum.
For Q1 of fiscal year 2026,Nvidia reported$44.1 billion in revenue. That’s up 12% from last quarter and 69% more than the same quarter a year ago. The growth is mainly thanks to continued global demand for Nvidia’s AI and data center products, which are playing a key role in building AI infrastructure worldwide. But the quarter wasn’t without issues, as in April, newU.S. export rules went into effectthat require licenses for shipping Nvidia’s H20 chips to China - chips that were designed specifically for that market. Because of that, Nvidia took a $4.5 billion charge related to excess H20 inventory and purchase obligations, and couldn’t ship another $2.5 billion worth of H20 chips.
Nvidia’s Data Center Revenue Hits $39.1 Billion
Despite this regulatory setback,Nvidia’s financial performanceremained resilient. The H20 charge lowered margins, with GAAP (Generally Accepted Accounting Principles, the standard accounting rules companies must follow) and non-GAAP gross margins landing at 60.5% and 61.0%. But if that charge is excluded, non-GAAP gross margin would have come in at 71.3%, showing the core business is still going strong. GAAP earnings per share were $0.76, and non-GAAP came in at $0.81. With the H20 impact removed, adjusted EPS hit $0.96. The data center segment continued to lead the way, pulling in $39.1 billion, up 10% from Q4 and 73% year-over-year, helping fuel confidence in the company’s long-term growth.
Looking ahead, Nvidia expects second-quarter revenue to reach around $45 billion, even as it factors in about $8 billion in lost H20 revenue due to the ongoing export restrictions. CEO Jensen Huang pointed to strong AI momentum, saying the Blackwell NVL72 AI supercomputer is now in full-scale production and receiving solid demand from cloud providers and system builders. With new AI partnerships in Asia and the Middle East, plus more going on in robotics and gaming,Nvidia is pushing forwardon every front. As Huang stated, “Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and Nvidia stands at the center of this profound transformation.”
