The world’s biggest semiconductor chip maker Nvidia again beats Wall Street estimates with revenue up 85% to a new record $81.6 billion in fiscal first quarter ended April 2026 confirming the demand for their AI chips and data centre infrastructure show no sign of decreasing. It was Nvidia’s Data centre business that powered the quarter and generated $75.2 billion, 92% higher year-on-year on the demand from the companies new Blackwell 300 and for the worlds largest cloud computing providers adoption of NVLink and InfiniBand networking. Net income grew to $58.3 billion from $18.8 billion in Q1FY25.
Nvidia CEO Jensen Huang described the moment as a turning point for the technology industry. “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” Huang said in the company’s earnings statement. “Agentic AI has arrived, doing productive work, generating real value, and scaling rapidly across companies and industries.”
In a further sign of financial confidence, Nvidia announced an additional $80 billion in share repurchase authorisation and raised its quarterly cash dividend from $0.01 per share to $0.25 per share — a 25-fold increase that signals the company’s expectation of sustained long-term profitability.
Looking ahead, Nvidia projected revenue of approximately $78 billion for the next quarter, again ahead of analyst expectations. The company noted that hyperscalers — major cloud computing providers — plan to collectively spend around $725 billion on AI infrastructure this year, a spending wave that continues to directly benefit Nvidia’s core business. Analysts estimate Nvidia is on course to record total annual revenue exceeding $370 billion this fiscal year.
