NVIDIA kicked off fiscal 2026 with a record-breaking $44.1 billion in Q1 revenue, up 69% year-over-year, led by explosive demand in its data center business—which alone contributed $39.1 billion, or 88% of total sales. Even as U.S. export curbs hit shipments of its H20 AI chips to China, NVIDIA still pulled in $4.6 billion from those chips before the licensing kicked in.
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