From CNBC: 2025-05-28 20:30:00

Nvidia reported impressive Q1 results, with revenue up 69% to $44.06 billion and EPS up 57% to 96 cents, beating expectations despite Chinese restrictions. The company’s GPUs are driving the AI revolution, with strong demand for chips due to advancements in reasoning AI and enterprise AI agents. Nvidia’s stock rose 55% YTD to $134.

The Blackwell superchip GB200 ramp went well, contributing 70% of data center revenue. Data center revenue increased 73% to $39.1 billion, slightly missing estimates. Nvidia is innovating with the Blackwell Ultra or GB300, anticipating a smooth ramp. Sovereign AI is a new growth engine, as countries invest in national AI platforms. Major hyperscalers continue to deploy thousands of Blackwell GPUs weekly. Nvidia shipped $4.6 billion worth of H20s to China before export license changes, recording a $4.5 billion charge this quarter. Nvidia is exploring options to supply chips to China while complying with U.S. export rules. CEO Huang mentioned the potential impact on business if access to the Chinese AI accelerator market is lost. Revenue outlook for Q2 2026 is around $45 billion, reflecting an $8 billion loss due to export control limitations. Adjusted gross margins are expected to be 72%. EPS guidance is 98 cents at the midpoint, slightly below consensus. (Source: Reuters, CNBC)



Read more at CNBC:: We’re raising our Nvidia price target after a great quarter and rosy guidance