Nvidia posts $81.6 billion Q1 revenue and outlines AI spending outlook
Nvidia’s Q1 revenue reached $81.6 billion, up 85% year-over-year and 20% sequentially, and free cash flow rose to $49 billion. CFO Colette Kress said “AI is now a necessity” as Nvidia projects $3–4 trillion in AI infrastructure spending by 2030 and splits operations into Hyperscale, ACIE and Edge Computing.
1. Q1 Financial Results
For the quarter ended April 26, Nvidia posted record revenue of $81.6 billion, up 20% from the prior quarter and 85% year-over-year. Free cash flow rose to $49 billion, while GAAP gross margin held at 74.9%. Hyperscale revenue reached $38 billion, accounting for about half of Data Center sales and growing 12% sequentially.
2. AI Spending Outlook and CFO Commentary
CFO Colette Kress declared “AI is now a necessity,” citing broad demand across chips, infrastructure, models and applications. Nvidia forecasts global AI infrastructure spending of $3–4 trillion by 2030, driven by hyperscalers, enterprises, governments and AI labs.
3. New Reporting Structure
Nvidia will reorganize into two primary segments: Data Center and Edge Computing. Data Center is split into Hyperscale sales to cloud giants and ACIE for AI cloud providers, industrial customers and enterprises, while Edge Computing covers PCs, gaming, workstations, robotics, automotive and AI-powered base stations.
