Nvidia posted $81.6 billion in quarterly revenue, up 85% year over year, driven by a 92% surge in Data Center sales to $75.25 billion. The chipmaker achieved this growth without any sales to China, where H20 compute unit shipments fell to zero. A fresh $150 billion Taiwan commitment underscores long-term AI production plans, while Wall Street’s consensus target price of $305 implies about 50% upside from the current $202.81. Over 90% of analysts maintain a Buy rating, though China risk and hyperscaler concentration remain key concerns.
Nvidia posted $81.6 billion in quarterly revenue, up 85% year over year, with non‑GAAP gross margin at 75%. The company reported free cash flow of $48.55 billion for the quarter and $96.58 billion for the full fiscal year.
Earnings per share of $1.87 beat the $1.77 consensus, marking the 12th consecutive quarter of EPS beats. Data Center revenue reached $75.25 billion, with networking alone climbing 199% year over year.
The firm guided Q2 revenue to $91 billion, backed by $119 billion in supply commitments. A fresh $150 billion Taiwan commitment includes plans for a new headquarters by 2030.
CEO Jensen Huang stated, “Taiwan is the epicentre of the AI revolution. This is where the chips come, packaging comes, this is where the systems are made, this is where AI supercomputers were created. The number of partners we work with here in Taiwan, incredible.”
China sales remain a significant risk. Nvidia sold zero H20 Data Center compute units to China last quarter, compared to $4.6 billion a year ago, and the Q2 guide assumes no China revenue. Hyperscalers account for roughly half of Data Center revenue, adding customer concentration.
The stock trades at $202.81, up from $194.97 earlier this summer, with a trailing P/E of 31.06 and a PEG ratio of 0.59. The consensus 12‑month target price sits near $305, with over 90% of analysts holding a Buy or Strong Buy rating.
Robert W. Baird holds the highest target at $500, while the lowest is $180. On capital returns, Nvidia raised its quarterly dividend to $0.25 per share and added $80 billion in fresh buybacks, returning $20 billion to shareholders in the quarter.
The Vera Rubin ramp and sovereign AI builds across the UK, Germany, France, South Korea, and India signal demand beyond a single earnings cycle. Nvidia continues to operate without China sales while maintaining strong growth and analyst support.
