Nvidia Corporation, founded in 1993, is a globally renowned technology company based in Santa Clara, California. Initially recognized for its groundbreaking graphics processing units (GPUs), Nvidia has expanded its innovation footprint into artificial intelligence (AI), data centers, automotive technology, and high-performance computing.
The company’s GPUs have become the gold standard in gaming, professional visualization, and AI training, powering everything from advanced gaming experiences to autonomous vehicles and cutting-edge research. With a commitment to pushing the boundaries of technology, Nvidia continues to lead the industry in developing solutions that address the world’s most complex challenges, solidifying its position as a pioneer in the tech landscape.
Nvidia Fiscal Q1 2026
Nvidia (NVDA) announced its Q1 fiscal 2026 earnings, reporting $44.1 billion in revenue, marking a 12% increase from the previous quarter and 69% year-over-year growth. The Data Center segment contributed $39.1 billion, growing 10% from Q4 and 73% year-over-year, reinforcing NVIDIA’s dominance in AI and cloud computing markets.
On April 9, 2025, NVIDIA was informed by the U.S. government that a license is required to export its H20 chips to China. This led to a $4.5 billion charge in excess inventory and purchase commitments due to weakened demand. H20 sales before the restriction reached $4.6 billion, but an additional $2.5 billion in revenue couldn’t be realized due to export limitations.
Highlights:
- Gross Margins: 60.5% GAAP and 61.0% non-GAAP. Excluding the H20 charge, the non-GAAP margin would have been 71.3%.
- Earnings Per Share (EPS):
- $0.76 GAAP, $0.81 non-GAAP
- Excluding the H20 charge, EPS would have been $0.96.
NVIDIA’s Progress During Q1
- Global AI Investments: NVIDIA is collaborating with Alphabet, OpenAI, Google, Oracle, Foxconn, Saudi Arabia, and Taiwan to develop AI supercomputers and AI factories.
- Gaming & AI PCs: Record $3.8 billion in gaming revenue. Announced GeForce RTX 5070 & 5060, DLSS 4 expansion, and Nintendo Switch 2 powered by NVIDIA AI.
- Automotive & Robotics: Strong robotics R&D investments and partnerships with General Motors and Isaac humanoid AI models.
Outlook
NVIDIA expects $45.0 billion in Q2 revenue (±2%), despite an estimated $8 billion revenue loss from H20 restrictions. The company aims to increase gross margins to the mid-70% range by year-end while managing operating expenses growth at 30%.
Board Statements
Jensen Huang, founder and CEO of NVIDIA, highlighted the rapid adoption of AI, describing the Blackwell NVL72 AI supercomputer as a “thinking machine designed for reasoning,” now in full-scale production. Huang emphasized the growing demand for NVIDIA’s AI infrastructure, likening its importance to electricity and the internet.
Impact on the Stock Market
Despite challenges from export restrictions, NVIDIA continues to dominate AI computing and expand into next-generation technologies. The company’s record-breaking growth and strong AI market positioning reinforce its leadership in data centers, gaming, and AI-driven solutions.
Nvidia forecast Q2 revenue below market expectations due to stricter U.S. export restrictions on its AI chips to China. Despite the setback, Nvidia’s stock rose 4% in extended trading but remains flat this year, after nearly tripling last year.
Investors responded positively because Nvidia exceeded Q1 revenue expectations, reporting $44.1 billion, which was higher than Wall Street’s projected $43.3 billion.
Additionally, while the $8 billion revenue loss from H20 chip export restrictions was expected, investors anticipated a more significant impact.
