Nvidia reported fiscal first-quarter earnings of $1.87 per share on May 20, beating analysts' estimates of $1.77 per share [1, 2]. The company also forecast revenue of about $91 billion for the quarter ending in July 2026, surpassing Wall Street's $87.4 billion estimate [1, 2].
The Q1 earnings report was released after the market close on May 20, drawing close attention to Nvidia's performance amid its leadership in AI chip technology [3, 1, 4, 2]. Despite beating earnings expectations, the results met a lukewarm reception from investors [2].
Investors remain focused on Nvidia's expanding role in the AI data center market and its ambitious $1 trillion revenue target tied to data center growth [5, 6, 3]. Caroline Hyde noted ahead of the report, "Nvidia is expected to set another revenue record when it reports quarterly earnings on Wednesday" [6]. Analysts continue to monitor Nvidia's ability to sustain momentum amid growing AI infrastructure demand [5].
Nvidia, the world's most valuable company as of May 2026, is seeking to grow AI processor sales in China, although guidance around this remains uncertain [3]. The AI data center boom has also spurred significant deals in related power infrastructure sectors, triggered by Nvidia's technology leadership [7].
Market and investor anticipation built up over the week, with expectations for a record $79 billion revenue in Q1 before the actual results and guidance were released [6, 7, 8]. After the earnings release, analysts discussed investor questions on AI build-out demands in the tech sector on May 22 [5].
Nvidia’s next key event will be observing revenue results for the July-ending quarter as it aims to meet or exceed its $91 billion forecast.
