Artificial intelligence chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fueled by massive demand for its high-end AI chips.
The company said Wednesday it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned $1.76 per share.
Revenue jumped 85% to $81.62 billion from $44.01 billion.
Analysts, on average, were expecting earnings of $1.75 per share and revenue of $78.91 billion, according to a poll by FactSet. Nvidia's results have exceeded the analyst projections that shape investors’ perceptions since Nvidia’s high-end chips emerged as AI’s best building blocks three years ago.
“The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” said CEO Jensen Huang in a statement.
Along with higher profit and revenue, however, Nvidia's operating expenses increased by 49% to $7.75 billion.
For the current quarter, Nvidia forecast revenue of about $91 billion. Analysts are forecasting $87.29 billion.
Despite the solid results and outlook, many investors still evidently are worried about a comedown after a three-year boom that has seen Nvidia’s market value soar from $400 billion at the end of 2022 to $5.4 trillion as of Wednesday.
Shares of the Santa Clara, California-based company dipped slightly after-hours to $222.12 after closing at $223.47 in the regular trading session.
“Time and time again, (Nvidia) obliterates expectations and consensus; it delivered exactly on what people wanted, especially regarding data centers,” said David Wagner, head of equity and portfolio manager at Aptus Capital Advisors. “But the market doesn’t always act as you would expect after a strong report like this one.”
The company also announced plans to return some money to shareholders. It authorized a plan to buy back $80 billion worth of stock and increased its quarterly cash dividend to 25 cents per share from 1 cent.
CEO of NVIDIA Jensen Huang signs a DELL machine at Dell Technologies World event happing in Las Vegas on Monday, May 18, 2026 (AP Phot/Ty ONeil)
Southampton's appeal against its expulsion from the Championship playoff final because of spying offenses was dismissed on Wednesday.
An arbitration panel upheld the English Football League's decision to remove Southampton from Saturday's final, meaning Middlesbrough will take its place and play Hull at Wembley Stadium for the chance to win promotion to the Premier League.
The decision is final.
Southampton was expelled on Tuesday after admitting to repeatedly spying on opponents.
It was charged earlier this month for the unauthorized filming of Middlesbrough’s practice sessions ahead of their semifinal. It went on to win the two-legged tie to go within one game of promotion to the top flight.
The southcoast club subsequently admitted further breaches this season concerning games against Oxford United and Ipswich. It was also deducted four points for next season.
In its appeal, it described its punishment as “manifestly disproportionate” to any previous sanction in English soccer history.
In a long club statement, Southampton chief executive Phil Parsons had accepted “what happened was wrong” and that the club deserved to be sanctioned.
“What we cannot accept,” he said, “is a sanction which bears no proportion to the offense.”
The playoff final is labeled the world’s richest one-off soccer match because a windfall of at least $270 million in future earnings is on offer for the winning team.
Promotion to the top flight of English soccer — the world’s wealthiest and most-watched league — brings with it access to its multibillion dollar global broadcast deals as well as sold out stadiums for games against the biggest teams in the world like Manchester United, Liverpool and Arsenal.
Southampton was relegated from the Premier League after finishing bottom of the standings last season and was aiming to make an immediate return.
The league said the final would go ahead on Saturday, kicking off at 3.30 p.m. local time.
AP soccer: https://apnews.com/hub/soccer
Southampton's Welington, right, and Ryan Manning celebrate at the final whistle in the EFL Championship play off semifinal soccer game between Southampton and Middlesbrough, Tuesday, May 12, 2026, in, Southampton, England. (Andrew Matthews/PA via AP)
FILE - Southampton's coach Tonda Eckert reacts during the FA Cup semifinal soccer match between Manchester City and Southampton in Manchester, England, Saturday, April 25, 2026. (AP Photo/Kin Cheung, File(
