Nvidia weathered a storm of tariff uncertainty and export controls to exceed Wall Street’s lofty expectations for sales when the AI chip behemoth reported quarterly earnings Wednesday. The hit to profits and margins came in worse than expected, however.
Revenue increased 69% from the same period last year to $44.1 billion, surpassing the Street’s projection of $43.3 billion, per Visible Alpha. Profits came in at $18.8 billion, though, falling from $22 billion last quarter and missing the $19.5 billion mark analysts expected. That meant Nvidia posted diluted earnings per share of $0.76, down from $0.89 last quarter and below the projected $0.79.
