technology
Nvidia Reports Higher Than Expected Revenue for First Quarter
Nvidia reported revenue of $81.62 billion for the first quarter of 2026, exceeding analyst estimates. The company also recorded 92 percent year-over-year growth in its datacenter business.
May 20, 6:45 PM·1m read1 source
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Nvidia reported revenue of $81.62 billion for the first quarter of 2026, exceeding Wall Street estimates of $78.86 billion. The company also posted earnings of $1.87 per share, above the $1.76 per share expected by analysts.
The datacenter segment, which accounts for a major portion of Nvidia revenue, grew 92 percent year-over-year to a record $75.2 billion. The company stated it expects to grow faster than overall capital spending by large datacenter operators. U.S. technology companies plan to spend approximately $750 billion on AI infrastructure this year, with a significant share directed toward datacenter chips.
Nvidia said it currently does not expect revenue from datacenter sales in China.
Singapore announced that Nvidia will open a research hub focused on improving AI infrastructure efficiency. The company also announced a new AI system expected to become available in the second half of 2026. Nvidia said it has not generated revenue from certain chip sales to China and that it remains unclear whether imports will be permitted.
Sales of the chips have been in limbo following earlier approvals and subsequent restrictions.
