Nvidia Q1 Earnings miss as China export curbs trigger $4.5B charge
The company beat expectations on revenue but stated that it expects to miss out on roughly US$8 billion in revenue due to losses from the ban on shipments of its H20 chips to China
Nvidia's data centre segment, its largest and fastest-growing business, generated US$39.1 billion in revenue, up from US$22.5 billion a year ago
Nvidia stock (NASDAQ:NVDA) last traded at US$134.81
Shares of Nvidia (NASDAQ:NVDA) fell 0.51 per cent at Wednesday's close after reporting Q1 2025 revenue of US$44.1 billion.
This result is up 12 per cent from the previous quarter and up 69 per cent from a year ago.
The company beat expectations on revenue but stated in a news release that it expects to miss out on roughly US$8 billion in revenue due to losses from the ban on shipments of its H20 chips to China. The company was notified of the restrictions on April 9, 2025, which significantly impacted its ability to fulfill demand in the region.
Prior to the restrictions, Nvidia had recorded US$4.6 billion in H20 sales for the quarter. However, it was unable to ship an additional US$2.5 billion in H20 revenue due to the new licensing rules, leading to excess inventory and purchase obligations.
The chipmaker posted earnings per share (EPS) of $0.81 on revenue of US$44.1 billion, missing analysts' consensus estimates of $0.93 EPS on US$43.3 billion in revenue, according to Bloomberg data. Adjusted for a one-time charge related to its H20 chips, Nvidia said EPS would have reached $0.96, beating expectations.
This compares to adjusted EPS of $0.61 on US$26 billion in revenue during the same quarter last year, highlighting the company's continued explosive growth in the AI and data centre markets.
Nvidia's data centre segment, its largest and fastest-growing business, generated US$39.1 billion in revenue, up from US$22.5 billion a year ago. However, this figure narrowly missed Wall Street's forecast of US$39.2 billion.
About Nvidia Corp.
Nvidia Corp. accelerates computing to help solve computational problems. The company has two segments. The computer and networking segment includes its data centre accelerated computing platform, networking, automotive AI cockpit, autonomous driving development agreements and autonomous vehicle solutions, as well as electric vehicle computing platforms, Jetson for robotics and other embedded platforms, along with Nvidia AI Enterprise and other software and cryptocurrency mining processors. The graphics segment includes GeForce GPUs for gaming and personal computers.
Nvidia stock (NASDAQ:NVDA) last traded at US$134.81 and has risen 17.40 per cent since this time last year.
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