Nvidia announced another quarter of exceptional financial performance after the market closed on Wednesday, revealing record-breaking results for the period ending April 26. Over the three-month span, the company generated an impressive $81.6 billion in revenue, marking a 20% increase from the previous quarter, and achieved a new high of $75.2 billion in data center revenue. Bolstered by this robust revenue growth, Nvidia has authorized an $80 billion share repurchase program.
Colette Kress, Nvidia's CFO, emphasized the widespread adoption of their flagship technology, stating, "Our Blackwell architecture is everywhere, adopted and deployed by every major hyperscaler, every cloud provider, and every major model maker."
Despite the strong current results, Nvidia did project a deceleration in its revenue growth rate, forecasting $91 billion in revenue for the upcoming quarter, which would represent a 12% increase.
The company's earnings were not significantly impacted by Chinese exports. While the H200 products have received approval for U.S. export, Kress noted, "we have yet to generate any revenue, and we are uncertain whether any imports will be allowed into [China]."
A notable surprise was the substantial increase in Nvidia's holdings of privately held companies, categorized in filings as "non-marketable equity securities." These investments nearly doubled between January and April, growing from $22 billion at the start of the quarter to $43 billion by its end. This surge was primarily driven by $18.5 billion in new purchases during the quarter, a significant escalation compared to the $649 million in equivalent purchases made in the preceding quarter.
It is important to clarify that this reported figure does not encompass Nvidia's recent investments in publicly traded entities, such as Corning and IREN, nor does it include future commitments that have not yet been finalized. Separately, in February, Nvidia committed a substantial $30 billion investment in OpenAI, though the specific structure of this deal has not been disclosed.
During a call discussing the results, CEO Jensen Huang highlighted the extensive reach of Nvidia's influence, including an anticipated buildout with Anthropic. Huang informed investors, "The amount of capacity we’re going to bring online for Anthropic this year and next year is going to be quite significant." He further added, "Our coverage for Anthropic had been largely zero until this."
The Editorial Staff at AIChief is a team of professional content writers with extensive experience in AI and marketing. Founded in 2025, AIChief has quickly grown into the largest free AI resource hub in the industry.