NVIDIA reported $44.06 billion in revenue for the quarter to Apr 27, 2025, up 69.2% on the year

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

NVIDIA filed its 10-Q, the quarterly report US-listed companies file with the SEC, on May 28, 2025. It covers the quarter from Jan 27 to Apr 27, 2025, which the company calls the first quarter of fiscal year 2026. Revenue was $44.06 billion, up 69.2% from $26.04 billion in the same quarter a year earlier. NVIDIA credited its data center compute and networking platforms for the growth; Data Center revenue was $39.11 billion, up 73.3%. Operating income was $21.64 billion against $16.91 billion a year earlier. Net income was $18.78 billion against $14.88 billion, and diluted earnings per share $0.76 against $0.60.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13

Gaming revenue was $3.76 billion, against $2.65 billion a year earlier, a rise of 42.2%. The 10-Q added that Gaming rose 48% from the previous quarter and credited sales of its Blackwell architecture. NVIDIA's earnings release, filed the same day, described the quarter's $3.8 billion as a record for Gaming. The release also listed the GeForce RTX 5070 and RTX 5060, announced at prices from $299 for desktops and $1,099 for laptops, and DLSS 4, which it said was available in over 125 games, among them Black Myth Wukong, Marvel Rivals and Star Wars Outlaws. It also said the Nintendo Switch 2 was powered by an NVIDIA processor, and that its RTX Remix modding platform had attracted over 2 million gamers.14^,15^,16^,17^,18^,19^,20^,21^,22^,23

NVIDIA said the US government told it on Apr 9, 2025 that exports of its H20 products to China, including Hong Kong and Macau, required a license. It said it took a $4.5 billion charge in the quarter for H20 excess inventory and purchase obligations as demand for H20 products diminished. An 8-K, the filing a company uses to report a material event, filed on Apr 15, 2025 had said first-quarter results were expected to include up to approximately $5.5 billion of H20 charges; the 10-Q said the charge was less than first anticipated because NVIDIA could re-use certain materials. Gross margin fell to 60.5% from 78.4% a year earlier, mainly because of that charge and the initial ramp of more sophisticated Data Center systems, the 10-Q said. Excluding the charge and its related tax impact, NVIDIA's own non-GAAP diluted earnings per share, a company measure that also leaves out items such as stock-based compensation, would have been $0.96; it is not a GAAP figure. At the time, its outlook for the next quarter was revenue of $45.0 billion, plus or minus 2%, which it said reflected a loss of approximately $8.0 billion in H20 revenue. NVIDIA's later reports put revenue for that next quarter, which ended Jul 27, 2025, at $46.74 billion.24^,25^,26^,27^,28^,29^,30^,31^,32^,33

We hold the text of the 10-Q's management discussion and the notes to its financial statements, and no other part of the filing. Our records keep one value for each period of an SEC filer, the latest filed, so they cannot show whether the year-earlier figures here were restated.34^,35