Overview
- Nvidia reported $81.6 billion in revenue and $58.3 billion in net income in its fiscal first quarter, with Data Center sales driving the surge.
- The company reclassified Data Center into Hyperscale and ACIE and disclosed a compute versus networking split of $60.4 billion and $14.8 billion respectively to give clearer customer and product visibility.
- For the next quarter Nvidia projected about $91 billion in revenue and said that outlook does not assume any Data Center compute revenue from China, a stance linked to U.S. export limits.
- CEO Jensen Huang acknowledged that export restrictions have largely ceded the Chinese advanced-chip market to Huawei, and the board approved an additional $80 billion buyback while raising the quarterly dividend from $0.01 to $0.25.
- Shares showed short-term volatility after the results as investors weighed rich valuations and sustainability of AI-driven demand, and the exclusion of China highlights a geopolitical shift that could accelerate local competitors and reshape supply chains.