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Tom’s Hardware

Technology

Anton Shilov

Nvidia posts record $44 billion revenue, H20 export ban bites as gaming rises

Nvidia Blackwell United States

Micron.

Nvidia on Wednesday disclosed its financial results for the first quarter of its fiscal 2026, posting revenue of $44.062 billion — its best quarter ever.

The company's sales increased almost across the board both in terms of quarter-over-quarter and year-over-year comparisons. As the company ramped up its Blackwell GPUs, it also set revenue records both for gaming and datacenter revenues. But the recent shipments ban of H20 GPUs to China hurt Nvidia's margins quite significantly.

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