The profit per share was 96 cents, compared to the 93 cents expected by the analysis firm LSEG.
The revenue was simultaneously 44.06 billion dollars – while the expectations were at 43.31 billion dollars.
It's a profit machine that's roaring on, it's completely clear. It's higher revenues than expected, it's higher revenue than expected and the profit per share is also slightly higher than expected, says Frida Bratt, savings economist at Nordnet.
On the other hand, the company's prognosis does not quite live up to the expectations during the ongoing quarter. There, Nvidia believes that the revenue will land at 45 billion dollars, while LSEG believed in 45.9 billion.
Nvidia's share has risen about 40 percent from a deep dive that turned in April.
Export restrictions cost
At the same time, a heavy worry cloud hangs over Nvidia, and it's spelled China. President Donald Trump has introduced tough restrictions on technology exports to China.
Frida Bratt says that the report is a relief for those who feared that companies would postpone investments in AI because they didn't know the conditions.
It seems like companies continue to make big investments in AI despite the great geopolitical uncertainty. At least so far, the demand seems to be very strong.
She says that the consequences of tariffs and export restrictions can come in the coming quarter.
Nvidia's CEO Jensen Huang has previously said that the restrictions only benefit Chinese competitors.
In the quarterly report, Nvidia states that the restrictions have cost 4.5 billion dollars so far and that the sales would have been 2.5 billion dollars higher if they hadn't been introduced.
For the current quarter, the restrictions are expected to mean 8 billion dollars in lower sales.
Strong growth
Something the analysts are also looking at is whether the production of Nvidia's new so-called Blackwell chip – for next generation AI – has gotten enough momentum to meet the demand – and how strong the demand is.
The quarterly report on Wednesday shows anyway strong demand for Nvidia's AI chip. During the quarter, the revenue increased by 69 percent compared to the corresponding quarter a year ago.
About 40 minutes after the report had been released, Nvidia's share had risen nearly 6 percent in after-hours trading on the New York Stock Exchange.
