Overview

• Revenue rose 56% year over year to $46.74 billion with net income of $26.4 billion, topping Wall Street expectations.
• Nvidia booked no H20 sales in China last quarter, contributing to a 1% sequential drop in datacenter revenue tied to a $4 billion shortfall.
• The company guided about $54 billion for the current quarter, with a plus or minus 2% range, and said the forecast assumes zero China sales.
• President Donald Trump approved a path to resume H20 exports that would divert 15% of China revenues to the U.S. government, yet reported Chinese resistance has kept deliveries from starting.
• Shares fell roughly 2–3% after hours as investors weighed unresolved China access, with analysts flagging hyperscaler CapEx updates, progress on the Rubin/Vera roadmap, and clarity on China as key catalysts.