blockworks.co
28 May 2025 21:30, UTC
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Nvidia will report its first quarter earnings after the bell today, closing out the Q1 season for the Magnificent 7.
With things relatively quiet (hopefully I didn’t just jinx it) on the trade war front, Nvidia’s report is poised to move markets.
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Analysts polled by FactSet are calling for Q1 revenue to come in at $43.3 billion, which would be a 66% year-over-year increase. Not too shabby — though the chipmaker’s year-over-year revenue growth was 262% in Q1 2024.
This time around, investors will be just as interested in what Nvidia isn’t selling.
In April, the chipmaker said it would be taking on a charge of up to $5.5 billion in the first quarter after regulatory changes rendered a portion of its inventory unsellable. Nvidia’s H20 chips — designed specifically for Chinese buyers — now require a license to sell, so the company will be eating costs associated with purchase commitments.
