Overview
- Nvidia reported $81.6 billion in revenue for the quarter ended April 26, driven by $75.2 billion in Data Center sales that now make up roughly 92% of company revenue.
- Management guided to about $91 billion for the next quarter, said Blackwell-class GPUs are effectively sold out, and flagged that the outlook assumes no incremental China Data Center revenue because of export restrictions.
- The board approved roughly $80 billion in additional share buybacks and raised the quarterly dividend to $0.25, and the company disclosed $43 billion in holdings of privately held companies after $18.5 billion of purchases during the quarter.
- Investors pared positions after the report, sending the stock down about 1.5–2% in after‑hours trading as traders weighed stretched valuation and the durability of hyperscaler-driven demand.
- The quarter underscores how hyperscaler capex and Nvidia’s CUDA-based ecosystem create high switching costs and persistent supply pressure, a dynamic that will shape AI data center buildouts, competitor responses, and second‑order effects across cloud providers and data‑center operators.