Nvidia kicked off its fiscal year 2026 with a record-breaking first quarter, reporting $44.1 billion in revenue for the period ending April 27, 2025. This marks a 12% rise from the previous quarter and an impressive 69% increase year-over-year. The surge was driven largely by growing global demand for Nvidia’s AI and data center products, which continue to play a key role in powering the world’s AI infrastructure.
Long known for revolutionizing gaming through its powerful GPUs, Nvidia has since expanded into AI, robotics, and autonomous vehicles. In October 2024, the company overtook Apple to become the world’s most valuable company, with a market cap of $3.53 trillion. These latest financials affirm that Nvidia is maintaining its upward momentum.
Despite regulatory challenges, Nvidia’s performance remained strong. In April, the U.S. introduced new export rules requiring licenses to ship Nvidia’s China-focused H20 chips. As a result, the company faced a $4.5 billion charge for excess inventory and purchase obligations, and was unable to ship $2.5 billion worth of H20 chips. Even so, Nvidia posted GAAP and non-GAAP gross margins of 60.5% and 61.0% respectively. Excluding the H20 charge, non-GAAP gross margin would have hit 71.3%, reflecting a strong core business.
Nvidia’s data center segment led the way, bringing in $39.1 billion—up 10% from Q4 and 73% from last year. Looking ahead, Nvidia expects Q2 revenue of around $45 billion, despite projecting an $8 billion impact from H20 restrictions. CEO Jensen Huang highlighted ongoing momentum in AI, robotics, and gaming, with global interest surging. With the Blackwell NVL72 AI supercomputer now in production, Huang emphasized that Nvidia is central to the global AI revolution, calling it “essential infrastructure” for the future.
