Nvidia reports record quarterly profit of $58.3 billion

Nvidia Announces Record Quarterly Profit and Revenue Amid AI Chip Demand Surge

Nvidia, a leading US technology company, reported record quarterly profit and revenue in its latest earnings announcement. The Santa Clara, California-based chip giant said its profit soared to $58.3 billion for the February-April period, up 37 percent from the previous quarter and more than 200 percent year-on-year.

Revenue also jumped to $81.6 billion, up 20 percent from the prior quarter and 85 percent compared with the same period in 2025. The company’s data-centre business was the main driver of growth, with quarterly revenue surging 92 percent year-on-year to $75.2 billion.

Nvidia also announced a share buyback scheme worth $80 billion and an increase in its quarterly cash dividend from $0.01 per share to $0.25 per share. The company’s CEO, Jensen Huang, attributed the strong results to the growing utility of AI, citing the advent of semi-autonomous AI models.

The company’s latest earnings announcement received a muted market response, with shares falling nearly 1.3 percent in after-hours trading. Analysts noted that expectations for Nvidia’s growth have been high since 2022, and the company’s recent results were seen as a continuation of this trend rather than a significant departure from it.

Analysts at Seaport Research and GraniteShares attributed the muted reaction to the fact that tech firms have yet to demonstrate a “broad-based consumer case” for AI. However, they also noted that Nvidia’s dividend hike and share buyback scheme suggest that the company has more cash available than previously thought, which could be a sign of a maturing growth story.

Nvidia’s latest results are expected to be closely watched by investors and analysts, who will be looking for further evidence of the company’s ability to sustain its high-growth trajectory.

Source: Al Jazeera