Nvidia posts US$81.6B Q1 revenue, forecasts US$91B for Q2
NVDA•Nvidia reported record Q1 revenue of US$81.6 billion, up 85% year-on-year, driven by a 92% surge in data centre sales to US$75.2 billion. The company forecast Q2 revenue of US$91 billion, raised its quarterly dividend to US$0.25 and authorised US$80 billion in share buybacks.
1. Record Q1 revenue driven by data centre growth
Nvidia posted Q1 revenue of US$81.6 billion, up 85% year-on-year. Data centre sales reached US$75.2 billion, a 92% increase, while networking revenue hit US$14.8 billion, exceeding the US$12.7 billion expectation.
2. Strong Q2 guidance and shareholder returns
The company forecast Q2 revenue of US$91 billion versus analyst consensus of US$86.84 billion. Nvidia also raised its quarterly dividend to US$0.25 from US$0.01 and authorised US$80 billion in share buybacks.
3. Muted market response and analyst commentary
Shares gained 1.1% to US$221.05 in after-hours trading despite the strong results. Analysts described the quarter as a 'garden variety beat,' noting that much of the upside had been well telegraphed by major AI customers.
