Nvidia reported record first-quarter revenue of $81.6 billion and net income more than tripled to $58.3 billion for the quarter ending April 26, 2026 [1]. The company’s data center revenue hit a record $75.2 billion, marking its largest segment by far [2]. Nvidia’s stock market value reached about $5.3 trillion, making it the world's most valuable company [1].

Nvidia CEO Jensen Huang said demand for AI chips has gone "parabolic," adding, "the era of agentic AI is here" [1, 3]. He described Nvidia’s Blackwell architecture as widely adopted by major hyperscalers, cloud providers, and AI model makers [2]. Nvidia announced an $80 billion share repurchase authorization following the strong results [2].

The company has differentiated its data center reporting between hyperscale and non-hyperscale customers, reflecting expanding growth opportunities beyond the biggest cloud providers, including fragmented AI clouds, industrial, enterprise, and sovereign AI sectors [3]. Huang said Nvidia’s revenue will grow faster than hyperscale capital expenditures, signaling broader market potential [3].

Nvidia’s holdings in privately held startups nearly doubled to $43 billion this quarter, driven by $18.5 billion in new purchases. The company committed $30 billion to invest in OpenAI in February 2026 [2]. Huang highlighted plans to bring significant capacity online for Anthropic this year and next [2].

Despite US export approvals for its H200 chip, Nvidia’s CFO Colette Kress said no revenue has yet been generated from China and it remains uncertain whether imports will be allowed there [2]. She noted Chinese exports have not significantly impacted Nvidia’s earnings to date.

Nvidia forecasts AI infrastructure spending to reach between $3 trillion and $4 trillion annually by the end of the decade [1]. The company remains a central AI infrastructure supplier to major AI developers including OpenAI and Meta [1].

Nvidia shares fell about 1.6% in after-hours trading after the report, reflecting high investor expectations and concerns about competition [1].