Nvidia has introduced document quarterly revenue and income amid explosive demand for its superior AI chips.
The US tech behemoth stated on Wednesday that revenue soared to $58.3bn for the February-April interval, up 37 p.c from the earlier quarter and greater than 200 p.c year-on-year.
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Income jumped to $81.6bn, up 20 p.c from the prior quarter and 85 p.c in contrast with the identical interval in 2025.
Nvidia forecast income for the present quarter to hit $91bn, greater than most analysts’ estimates.
Nvidia’s data-centre enterprise was the primary driver of progress, with quarterly income surging 92 p.c year-on-year to $75.2bn.
The Santa Clara, California-based chip large’s {hardware} unit racked up income of $6.4bn, up 29 p.c from the earlier yr.
In a sweetener for shareholders, the world’s most dear firm stated it could purchase again an further $80bn in shares and lift its quarterly money dividend from $0.01 a share to $0.25 per share.
Nvidia CEO Jensen Huang hailed the “extraordinary” outcomes as proof of the rising utility of AI.
“Demand has gone parabolic,” Huang stated in a convention name with buyers and analysts.
“The reason being easy. Agentic AI has arrived,” Huang stated, referring to the appearance of semi-autonomous AI fashions.
“AI can now do productive and helpful work.”
Regardless of as soon as once more blasting previous analysts’ expectations, Nvidia’s newest outcomes obtained a muted market response.
Shares in Nvidia fell practically 1.3 p.c in after-hours buying and selling, a sign of the sky-high expectations connected to an organization whose blistering progress since 2022 has lifted its market capitalisation to greater than $5 trillion.
Nvidia’s spectacular rise and the sky-high valuations of different tech giants, equivalent to Microsoft and Amazon, have stirred dialogue about whether or not AI is overhyped and creating an enormous market bubble.
“Expectations are very excessive, and when an organization like Nvidia has been doing in addition to it has for thus lengthy, it takes rather a lot for individuals to get excited,” Jay Goldberg, a senior analyst for semiconductors and electronics at Seaport Analysis, advised Al Jazeera.
“That’s simply type of the character of Wall Avenue.”
“All these shares have run rather a lot this yr, however a number of it’s pushed by press releases,” Goldberg stated, including that tech companies have but to display a “broad-based client case” for AI.
William Rhind, the CEO and founding father of New York-based funding agency GraniteShares, stated the muted response confirmed that expectations had “caught as much as fundamentals.”
“Nvidia is now not beating a excessive bar – it’s the bar,” Rhind advised Al Jazeera.
Rhind stated the bullish case for Nvidia nonetheless stays sturdy, pointing to the dividend hike and share buyback scheme as indicators of an organization with “additional cash than it might probably redeploy into the enterprise”.
“When the marginal use of capital begins shifting towards buybacks and dividends, you’re watching a hypergrowth story start to mature in actual time,” he stated.
“That’s not bearish – it’s a unique type of bullish.”
John Belton, a portfolio supervisor at Gabelli Funds, stated Nvidia’s newest outcomes mustn’t “dramatically shift the story somehow”.
“General, one other stable earnings,” Belton advised Al Jazeera, saying the outcomes mirrored the “sturdy numbers” of earlier quarters “albeit with none new earth-shattering developments.”
