Nvidia Delivers Earnings Beat. See the Key Numbers.

Key Points:

• Nvidia reported fiscal Q1 earnings surpassing expectations with revenue of $81.6 billion and adjusted EPS of $1.87, beating estimates of $79.15 billion and $1.77 respectively, though shares fell slightly after hours due to exclusion of China from Q2 guidance.
• The company forecasted Q2 revenue of $91 billion, above estimates, and announced an $80 billion stock buyback along with a significant increase in its quarterly dividend from 1 cent to 25 cents per share.
• CEO Jensen Huang emphasized strong future demand for Nvidia’s advanced chips driven by AI growth, predicting cumulative demand to exceed $1 trillion through 2027 and highlighting the rise of agentic AI with billions of AI agents expected to use Nvidia’s compute.
• Nvidia continues to face challenges in China, with no shipments of Hopper data center products during the quarter and uncertain revenue from the region due to export restrictions, despite prior expectations of a $50 billion AI market.
• The company reported minimal current impact from Middle East conflicts on its supply chain and operations but warned that escalation could affect future development and revenue, while competitors like AMD, Amazon, and Google are increasing competition in AI chip markets.