Nvidia reported stronger-than-expected Q1 revenue of $81.62 billion, up 85% year-over-year, driven by surging demand for AI infrastructure. Adjusted EPS of $1.87 beat estimates of $1.76. The company guided Q2 revenue at $91 billion, above expectations, and authorized $80 billion in stock buybacks plus a dividend increase from 1 cent to 25 cents per share. Despite the beats and bullish outlook, Nvidia's stock fell about 1.5% due to growth concerns and competition in AI chips. Bitcoin miners with AI and high-performance computing exposure, such as Core Scientific and Cipher Mining, saw modest after-hours gains. Nvidia's Data Center revenue reached $75 billion, with hyperscalers contributing $38 billion and ACIE (including AI cloud providers) $37 billion. AI cloud revenue more than tripled year-over-year. The company expects $20 billion in CPU revenue this year. The results indicate sustained demand for AI infrastructure, which could benefit data center operators and miners pivoting to AI services.

Key facts

• Nvidia Q1 revenue $81.62B, up 85% YoY, beating estimates.
• Adjusted EPS $1.87 vs $1.76 estimate; Q2 guidance ~$91B.
• Authorized $80B buyback; dividend raised to $0.25 from $0.01.
• Stock fell ~1.5% despite strong results on growth concerns.
• Core Scientific, Cipher Mining up slightly on AI data center demand.

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