Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand :: WRAL.com
Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand :: WRAL.com
Publish Date: 2026-05-20 17:00:00
Source Domain: www.wral.com
- Nvidia’s quarterly earnings and revenue significantly exceeded Wall Street’s expectations, driven by robust demand for its high-end AI chips.
- The company reported earnings of $58.32 billion, or $2.39 per share, for the February-April period, a notable increase from $18.78 billion, or 76 cents per share, in the same period last year.
- Revenue surged 85% to $81.62 billion, up from $44.01 billion.
- Analysts had anticipated earnings of $1.75 per share and revenue of $78.91 billion, but Nvidia outperformed these projections.
- CEO Jensen Huang remarked on the rapid and large-scale expansion of AI infrastructure, describing it as the most significant infrastructure development in human history.
- For the current quarter, Nvidia projected revenue at around $91 billion, albeit slightly ahead of analysts’ forecasts of $87.29 billion.
- Following the earnings release, shares of the company experienced a slight drop in after-hours trading, closing at $222.12 after regular trading.
