5/21/2026
Nvidia Just Reported the Most Profitable Quarter in Semiconductor History — the Downstream Effects Are Just Starting
The numbers Nvidia posted Wednesday evening after the closing bell were not just a beat — they were a redefinition of what a technology company can generate in a single quarter. Record revenue of $81.6 billion, up 85% year over year. Data center revenue of $75.2 billion, up 92%. Net income of $58.3 billion — a 211% increase from a year ago. Non-GAAP earnings per share of $1.87, clearing the $1.77 consensus estimate. Gross margins held at 75% despite a simultaneous transition between two major chip architectures.
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