Nvidia Q1 Highlights: China Export Ban Hits Results But Jensen Huang Says Demand 'Incredibly Strong'

Nvidia reported first-quarter revenue of $44.1 billion, up 69% year-over-year and above the $43.2 billion Street estimate, according to Benzinga. Adjusted earnings came in at 81 cents per share, but excluding a $4.5 billion charge tied to China's export restrictions, earnings would have been 96 cents per share. Gaming revenue hit a record, boosted by its upcoming role in powering the Nintendo Switch 2. Nvidia expects second-quarter revenue of $45 billion, plus or minus 2%, despite an $8 billion loss in H20 revenue from export controls. CEO Jensen Huang highlighted incredibly strong demand for AI infrastructure, calling Nvidia central to a global AI transformation. Shares rose 2.7% after hours.