Nvidia Announces Financial Results for First Quarter Fiscal 2026
a year ago
- #AI
- #NVIDIA
- #Earnings
- NVIDIA reported Q1 FY2026 revenue of $44.1 billion, up 12% Q/Q and 69% Y/Y.
- The U.S. government imposed export restrictions on H20 products, leading to a $4.5 billion charge.
- GAAP and non-GAAP gross margins were 60.5% and 61.0%, respectively; excluding the H20 charge, non-GAAP gross margin would have been 71.3%.
- GAAP and non-GAAP EPS were $0.76 and $0.81; excluding the H20 charge, non-GAAP EPS would have been $0.96.
- NVIDIA's Blackwell NVL72 AI supercomputer is in full-scale production, with strong global demand for AI infrastructure.
- Q2 FY2026 revenue is expected to be $45.0 billion (±2%), with an $8.0 billion loss due to H20 export restrictions.
- Data Center revenue grew 73% Y/Y to $39.1 billion, with new AI infrastructure projects announced globally.
- Gaming revenue hit a record $3.8 billion, up 42% Y/Y, driven by new Blackwell GPUs and DLSS 4 adoption.
- Professional Visualization revenue was flat Q/Q at $509 million, up 19% Y/Y.
- Automotive revenue declined 1% Q/Q to $567 million but grew 72% Y/Y, with new collaborations and robotics advancements.