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# NVIDIA reports $44.1bn first-quarter revenue
- URL: https://www.ai-360.online/nvidia-reports-44-1b-q1-revenue-despite-4-5b-china-export-impact/
- Published: 2025-05-30T12:45:00.000Z
- Updated: 2026-11-03T06:15:44.000Z
- Description: NVIDIA reported first-quarter fiscal 2026 revenue of $44.1bn, up 69% year on year, after a $4.5bn charge linked to H20 export licensing.
- Author: AI-360
- Tags: 1. Enterprise AI, News, NVIDIA

[NVIDIA](https://www.nvidia.com/?ref=ai-360.online) reported revenue of $44.1 billion for the first quarter of fiscal 2026, ended 27 April 2025, up 12% from the previous quarter and 69% from a year ago, [NVIDIA said on 28 May 2025](https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-first-quarter-fiscal-2026?ref=ai-360.online).

[NVIDIA](https://www.ai-360.online/nvidia/) said it incurred a $4.5 billion charge in the quarter for H20 excess inventory and purchase obligations, after being told a licence is required to export H20 products to China. It was unable to ship an additional $2.5 billion of H20 revenue.

GAAP and non-GAAP gross margins were 60.5% and 61.0%. Excluding the charge, non-GAAP gross margin would have been 71.3%. GAAP and non-GAAP earnings per diluted share were $0.76 and $0.81.

Jensen Huang, founder and CEO of NVIDIA, said Blackwell NVL72 is now in full-scale production across system makers and cloud service providers. He said: "Global demand for NVIDIA's AI infrastructure is incredibly strong."

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