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Nvidia First-Quarter Revenue Tops Estimates Amid Data Center Strength

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Nvidia First-Quarter Revenue Tops Estimates Amid Data Center Strength

Nvidia (NVDA) reported fiscal first-quarter revenue above Wall Street's estimates as data center sales outperformed expectations amid an artificial intelligence boom.

The technology bellwether's revenue climbed 85% annually to $81.62 billion, exceeding the consensus on FactSet indicating $78.91 billion. Adjusted per-share earnings increased to $1.87 in the three months ended April 26 from $0.78 a year earlier.

Data center revenue jumped 92% to a record $75.25 billion, driven by the ramp of Blackwell 300 products and demand for the InfiniBand, Spectrum-X Ethernet and NVLink solutions, Chief Financial Officer Colette Kress said in remarks published on the company's website late Wednesday.

Consensus estimates pointed to $73.13 billion in data center sales.

"The buildout of AI factories -- the largest infrastructure expansion in human history -- is accelerating at extraordinary speed," Chief Executive Jensen Huang said in a statement. "Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries. Nvidia is uniquely positioned at the center of this transformation."

Nvidia said it consolidated its reportable market platforms into two from five previously. The data center segment will cover hyperscale and AI clouds, industrial and enterprise, while the edge computing platform includes PCs, game consoles, robotics and automotive.

For the current quarter, Nvidia expects consolidated revenue of $91 billion, plus or minus 2%. The consensus indicates $87.29 billion.

RBC Capital Markets and Wedbush Securities expected the leading supplier of AI silicon to report a strong first quarter and guide above consensus.

The company said it boosted its quarterly dividend to $0.25 per share from $0.01, payable on June 26 to shareholders as of June 4.

Nvidia's board approved an additional $80 billion share repurchase authorization.

The chipmaker's stock fell 0.9% in after-hours trading, and are up nearly 20% this year through Wednesday close.

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