Nvidia reported another record quarter after market close on Wednesday, with revenue reaching $81.6 billion for the quarter ended April 26.
Revenue was up 20% from the previous quarter and 85% from a year earlier, driven mainly by strong demand for AI infrastructure. Nvidia’s data center revenue also reached a record $75.2 billion, up 21% sequentially and 92% year over year.
Nvidia Chief Financial Officer Colette Kress said the company’s Blackwell architecture has been adopted and deployed by major hyperscalers, cloud providers, and leading AI model makers.
The company said data center growth was driven by the ramp of Blackwell 300 products and demand for InfiniBand, Spectrum X Ethernet, and NVLink systems. Hyperscalers accounted for about half of data center revenue, while the rest came from AI clouds, industrial, enterprise, and sovereign customers.
Nvidia’s strong revenue also led the company to approve an additional $80 billion in share repurchases.
The company had already repurchased 108 million shares for $20.2 billion during the quarter. Nvidia’s board approved the additional buyback authorization on May 18.
NVidia forecasts $91 billion in revenue for the next quarter. That would represent 12% growth from the latest quarter, marking a slower pace than the 20% sequential increase reported for the April quarter.
China did not make a meaningful contribution to Nvidia’s latest results.
Kress said Nvidia has not generated revenue from approved H200 products for China-based customers and remains uncertain whether imports will be allowed into China. Nvidia also reported that no data center Hopper products were shipped to China during the quarter.
Nvidia also disclosed a sharp increase in its holdings of privately held companies.
Its non-marketable equity securities rose from $22.25 billion at the start of the quarter to $42.34 billion at the end. The company recorded $17.9 billion in net additions and $18.58 billion in purchases of non-marketable securities during the quarter.
That figure does not include public company investments such as Corning and IREN, or future commitments that have not yet closed. Nvidia also committed to invest $30 billion in OpenAI in February, though the structure of that deal was not disclosed.
On the earnings call, Nvidia Chief Executive Jensen Huang also pointed to a major capacity buildout with Anthropic.
Huang said the amount of capacity Nvidia plans to bring online for Anthropic this year and next year will be significant, adding that Nvidia’s coverage for Anthropic had been largely zero before this.
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