Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand
Business
Finance
May 22, 2026
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Artificial intelligence (AI) chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fuelled by massive demand for its high-end AI chips.
The company said on Wednesday it earned US$58.32 billion, or US$2.39 per share, in the February-April period, up from US$18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned US$1.76 per share.
Revenue jumped 85 per cent to US$81.62 billion from US$44.01 billion.
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