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NVIDIA Reports Strong Q1 Fiscal 2026 Results Amid Export Challenges
NVIDIA Reports Strong Q1 Fiscal 2026 Results Amid Export Challenges
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NVIDIA Corporation delivered robust financial performance for Q1 fiscal 2026, with revenue soaring to $44.1 billion—a 69% year-over-year increase—despite facing significant headwinds from U.S. export restrictions targeting its H20 product line in China. The semiconductor giant absorbed a $4.5 billion charge related to unshipable inventory but maintained double-digit quarterly growth momentum.
Regulatory constraints clipped potential margins, with GAAP gross margin settling at 60.5%. Stripping out the export-related charge, underlying profitability remained stellar at 71.3% non-GAAP. Market observers note NVIDIA’s continued dominance in AI accelerator markets may offset geopolitical friction through diversified demand streams.
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