Nvidia’s revenue hits record $81B — easily topping Wall Street estimates — on massive demand for AI chips
Nvidia reported a record revenue of $81.62 billion for the February-April period, significantly exceeding Wall Street estimates. The company's earnings per share also surpassed expectations, driven by strong demand for its AI chips. Despite these impressive results, Nvidia's stock dipped slightly after hours, reflecting investor concerns about a potential market correction.
- ▪Nvidia's revenue increased by 85% compared to the same period last year.
- ▪The company forecasted revenue of about $91 billion for the current quarter.
- ▪Nvidia authorized an $80 billion stock buyback and increased its quarterly cash dividend.
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Business Nvidia’s revenue hits record $81B — easily topping Wall Street estimates — on massive demand for AI chips By Reuters and Associated Press Published May 20, 2026, 6:33 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Artificial intelligence chipmaker Nvidia’s quarterly results surpassed Wall Street’s expectations once again, fueled by massive demand for its high-end AI chips. The company said Wednesday it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned $1.76 per share. Revenue jumped 85% to $81.62 billion from $44.01 billion.
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