Nvidia reported $81.6 billion in revenue for the quarter ending April 26, representing 20% growth from the prior quarter. Data center revenue reached a record $75.2 billion. The company authorized $80 billion in share repurchases based on the results. Nvidia forecast $91 billion in revenue for the next quarter, implying 12% growth. Chinese exports did not significantly affect earnings. Although H200s were approved for U.S. export, Nvidia reported no revenue from China and uncertainty about whether imports will be allowed. Nvidia’s privately held equity stakes nearly doubled from $22 billion to $43 billion, driven by $18.5 billion in purchases during the quarter. The figure excluded investments in publicly traded companies and future commitments, including a $30 billion commitment to OpenAI with undisclosed deal structure.
"Over those three months, the company brought in $81.6 billion in revenue (up 20% from the previous quarter) and a record $75.2 billion in data center revenue. On the strength of that revenue, the company is authorizing $80 billion in share repurchases."
"Notably, Nvidia did project a slowdown in revenue growth, forecasting $91 billion in revenue for the next quarter, which will be 12% growth. Chinese exports did not make any significant impact on the company's earnings. While H200s have been approved for US export, "we have yet to generate any revenue, and we are uncertain whether any imports will be allowed into [China]," Kress said."
"One surprise was the sheer volume of Nvidia's stakes in privately held companies (listed in the filing as as "non-marketable equity securities"), which nearly doubled between January and April. The company began the quarter with $22 billion in privately held stakes, but ended with $43 billion, driven primarily by $18.5 billion in purchases over the course of the quarter. The previous quarter had seen only $649 million of equivalent purchases."
"Notably, that figure does not include Nvidia's recent investment in publicly traded companies like Corning and IREN, nor does it reflect future commitments that have not yet closed. Notably, Nvidia committed to investing $30 billion in OpenAI in February, although the precise structure of the deal was not disclosed."
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