By Brent D. Griffiths,Naomi Buchanan
Publication Date: 2026-05-20 20:37:00
Nvidia delivered a beat on the top and bottom line when it reported its fiscal first quarter earnings on Wednesday afternoon.
The stock ping-ponged after hours following the results as the company once again excluded China from its guidance for its second quarter. As the call ended, shares were down just over 1%.
Here are the key numbers:
- Revenue: $81.6 billion vs. $79.15 billion estimate
- Adjusted EPS: $1.87 vs. $1.77 estimate
- Data center revenue: $75.2 billion vs. $73.49 billion estimate
- Gross margin: 74.9% vs. 75.1% estimate
- Q2 revenue forecast: $91.0 billion vs estimated $87.2 billion
The $5 trillion chipmaker, the world’s largest company by market cap, is closely watched as a larger barometer for the AI industry.
Nvidia announced that it had authorized an additional $80 billion stock buyback and increased its quarterly cash dividend from 1 cent per share to 25 cents per share.
