Nvidia Q1 Results Surpass Wall Street Expectations Thanks to Massive AI Chip Demand
Nvidia Q1 Results Surpass Wall Street Expectations Thanks to Massive AI Chip Demand
Publish Date: 2026-05-20 17:11:00
Source Domain: www.usnews.com
- Nvidia’s quarterly results significantly surpassed Wall Street’s expectations.
- Company earned $58.32 billion, or $2.39 per share in the February-April period.
- Revenue jumped 85% to $81.62 billion; Analysts expected revenue of $78.91 billion.
- Since the emergence of the company’s high-end chips three years ago, results have consistently exceeded analyst expectations.
- CEO Jensen Huang mentioned the accelerated buildout of AI factories as major infrastructure expansion in human history.
- For the current quarter, Nvidia forecasted revenue of about $91 billion; analysts forecast $87.29 billion.
- The share price dipped slightly to $222.12 after-hours trading.
- As of Wednesday’s close, Nvidia held a market value of $5.4 trillion.
