But says it would have made billions more if not for Chinese restrictions
Nvidia reported another giant quarter, bringing in $44.1 billion in revenue - beating Wall Street forecasts of $43.3bn.
The data center business was responsible for $39.1bn in revenue, up 10 percent from the previous quarter and up 73 percent from a year ago.
During the quarter, Nvidia said that it was informed that its H20 processor would require an export license to China, which meant that it incurred $4.5bn in charges related to excess and would have recorded $2.5bn in extra sales if the chip hadn’t been restricted.
Nvidia said that it expects about $45bn in total sales for the current quarter. This week, server makers overcame technical hurdles, which means they can now ramp up shipments of Blackwell server.
“Our breakthrough Blackwell NVL72 AI supercomputer — a ‘thinking machine’ designed for reasoning— is now in full-scale production across system makers and cloud service providers,” said Jensen Huang, founder and CEO of Nvidia.
“Global demand for Nvidia’s AI infrastructure is incredibly strong. AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate. Countries around the world are recognizing AI as essential infrastructure - just like electricity and the Internet - and Nvidia stands at the center of this profound transformation.”
