United States: Nvidia has reported record quarterly earnings, driven by unprecedented global demand for artificial intelligence hardware, according to Al Jazeera.
The Santa Clara-based firm said profit for the February–April period rose to $58.3bn, marking a 37 percent increase from the previous quarter and more than 200 percent year-on-year growth. Revenue climbed to $81.6bn, up 20 percent quarter-on-quarter and 85 percent compared with the same period last year.
The company said its data centre division remained the primary growth engine, generating $75.2bn in revenue, a 92 percent annual increase. Its gaming and hardware segment also posted gains, with revenue reaching $6.4bn, up 29 percent year-on-year.
Jensen Huang, the company’s chief executive, said demand for its chips had “gone parabolic,” attributing the surge to what he described as the rapid rise of “agentic AI” systems capable of performing increasingly autonomous tasks.
He said artificial intelligence is now “doing productive and valuable work,” underscoring the company’s central role in the global AI infrastructure boom.
Nvidia also announced an $80bn share buyback programme and increased its quarterly dividend from $0.01 to $0.25 per share, moves aimed at returning capital to shareholders amid strong cash generation.
Despite surpassing analyst expectations, Nvidia shares slipped about 1.3 percent in after-hours trading, reflecting heightened investor expectations following years of rapid growth that have pushed the company’s valuation above $5 trillion.
Analysts cited by Al Jazeera said the muted market reaction suggested that investor expectations had already adjusted to Nvidia’s exceptional performance, with some noting concerns about whether AI-driven demand could sustain its current pace in the long term.
While some market observers described the results as solid and consistent with previous quarters, others said the lack of a major new breakthrough narrative contributed to the subdued response, even as the company continues to dominate the global semiconductor industry.