By Daniel Howley
Publication Date: 2026-05-20 20:26:00
Nvidia (NVDA) reported its fiscal first quarter results after the bell on Wednesday, topping analysts’ expectations on the top and bottom lines and offering a better-than-anticipated Q2 outlook.
Nvidia stock initially fell more than 2% on the news.
For the second quarter, Nvidia said it anticipates revenue between $89.1 billion and $92.8 billion. Wall Street was looking for $87.3 billion.
For Q1, Nvidia reported earnings per share (EPS) of $1.87 on revenue of $81.62 billion, beating the $1.77 and $79.18 analysts had expected. The company also boosted its quarterly dividend to $0.25 per share.
Nvidia’s data center business brought in the bulk of its revenue, topping out at $75.2 billion. Wall Street analysts were projecting $73.47 billion. That’s up from the $39.11 billion Nvidia reported in Q1 last year.
According to CFO Colette Kress, hyperscaler revenue accounted for 50% of data center sales in the quarter. The remaining 50% came from a variety of sources including “AI Clouds, industrial, enterprise, and sovereign customers.”
Nvidia did not see any revenue from Hopper products into China occurred during the quarter.
Nvidia is also changing the way it reports its earnings. The company is now breaking down its sales into Data Center and Edge Computing segments. Data center will include hyperscalers and AI clouds, industrial, and enterprise sources.
Edge Computing will be comprised of devices or agentic and physical AI, which the…
