NVIDIA · Q1 FY2026 · 2025年5月28日
NVIDIA (NVDA) Q1 FY2026 财报: NVIDIA 的核心仍是 AI 基础设施需求、Blackwell/Rubin 节奏与毛利率质量
这是一份基于财报公告和所列一手文件整理的季度研究档案。只有在具备可核实数据时，页面才会展示市场一致预期、逐字稿、问答和股价反应。
官方财报公告SnowballHare 分析标准研究页面
同比: +12%
同比: +10%
已披露结果
已披露结果
投资解读
Revenue was $44.1B, up 12% from Q4 and 69% year over year. Data Center revenue was $39.1B, up 10% from Q4 and 73% year over year. 下一步研究重点是：SnowballHare 解读：这份财报要看 AI 基础设施需求是否继续推高收入曲线，同时毛利率和供应限制能否支撑估值。
业绩核对
已披露业绩
| 指标 | 实际值 | 同比 |
|---|---|---|
| 收入 | $44.1BRevenue was $44.1B, up 12% from Q4 and 69% year over year. 来源 | +12% |
| 数据中心 | $39.1BData Center revenue was $39.1B, up 10% from Q4 and 73% year over year. 来源 | +10% |
| 毛利率 | N/AGross margin remained a key part of the premium valuation debate. 来源 | — |
| 指引 | N/AManagement guided around continued AI infrastructure demand. 来源 | — |
投资者关注点
投资者可能关注什么
潜在业绩驱动因素
- Revenue was $44.1B, up 12% from Q4 and 69% year over year.
- Data Center revenue was $39.1B, up 10% from Q4 and 73% year over year.
- Gross margin remained a key part of the premium valuation debate.
- Management guided around continued AI infrastructure demand.
该记录未存储经过核实的盘后、次日及相对基准价格数据。以上因素属于研究线索，并非对股价变动的量化归因。
下一季度
下一步关注什么
一手文件
来源与文件
常见问题
读者常见问题
NVIDIA 的收入是多少？
Revenue was $44.1B, up 12% from Q4 and 69% year over year.
NVIDIA 的数据中心是多少？
Data Center revenue was $39.1B, up 10% from Q4 and 73% year over year.
NVIDIA 的毛利率是多少？
Gross margin remained a key part of the premium valuation debate.