NVIDIA reported results for the February–April 2026 quarter. Revenue rose sharply year on year to $81.6 billion, while EPS of $1.87 exceeded the market estimate. The share price fluctuated in after-hours trading and closed slightly lower than the previous day.
NVIDIA’s results for the February–April 2026 quarter, announced after the close on the 20th U.S. time, showed revenue of $81.6 billion, up 85.2% year on year, and adjusted EPS of $1.87, compared with the market estimate of $1.75. Revenue exceeded the market estimate, as did EPS. Gross margin was 75.0%, in line with the market estimate. The initial revenue outlook was a range of $78.0 billion ±2%, while actual revenue came in at the midpoint of the range.
For the May–July 2026 quarter, the outlook calls for revenue of $91.0 billion ±2% and a gross margin of 75.0% ±0.5%, both above market estimates. NVIDIA said that revenue from Chinese data centers was not included in the outlook, and CEO Jensen Huang said that expansion of AI factories was accelerating.
The share price fluctuated in after-hours trading following the results. The post-close price opened at $223.47 and stood at $222.01 as of 17:19 New York time, down 0.65% from the previous day. After reaching a record high of $236.54 on 14 May, the stock rose temporarily on expectations of a U.S.–China leaders’ meeting and the resumption of H200 sales to China, but subsequent moves were limited.
Attention is expected to focus on developments regarding the resumption of H200 sales in China, WSTS’s spring 2026 outlook to be released on 2 June, and Broadcom’s results on 3 June. Trends in demand for data centers and the overall outlook for the AI semiconductor market will be key areas of focus.