Nvidia beats estimates for Q1 results as revenues rise 69% from a year ago

Nvidia, the AI and graphics chip company driving societal changes with AI, reported revenue for the first quarter ended April 27, 2025, was $44.1 billion, up 12% from the previous quarter and up 69% from a year ago. On April 9, 2025, the U.S. government told Nvidia that a license is required for exports of its H20 products into the China market. As a result of these new requirements, Nvidia incurred a $4.5 billion charge in the first quarter of fiscal 2026 associated with H20 excess inventory and purchase obligations as the demand for H20 diminished. Sales of H20 products were $4.6 billion for the first quarter of fiscal 2026 prior to the new export licensing requirements. Nvidia was unable to ship an additional $2.5 billion of H20 revenue in the first quarter. Excluding the $4.5 billion charge, first quarter non-GAAP gross margin would have been 71.3%. NVIDIA founder and CEO Jensen Huang For the quarter, GAAP and non-GAAP earnings per diluted share were $0.76 and $0.81, respective ... Read full article.