Overview

• Nvidia posted $44.1 billion in revenue for fiscal Q1, up 69 percent year-over-year, driven by an $18.78 billion profit that beat Wall Street forecasts.
• The Data Center division delivered $39.1 billion in sales, a 73 percent annual gain that accounted for nearly 89 percent of total revenue.
• New U.S. export controls on H20 chips triggered a $4.5 billion inventory charge and are projected to shave about $8 billion off China sales in the current quarter.
• Management forecasts roughly $45 billion in Q2 revenue that factors in the export-control impact and expects the first Blackwell Ultra AI Servers to ship later this quarter.
• The company is expanding domestic AI compute capacity through partner factories in Arizona and Texas and broadening its sales push in the Middle East and Europe.