In Q1 of fiscal 2026, Nvidia reported a revenue of 44.1 billion USD, showing a 12% increase from the previous quarter. This exceeded analyst predictions by 2.7%. However, their earnings per share came in at 81 cents, under the expected 85 cents.
Looking ahead, Nvidia forecasts a substantial revenue hit of 8 billion USD due to recent US export controls on AI chips to China. To mitigate this impact, the company plans to introduce a lower-cost AI chip tailored for the Chinese market.
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