Nvidia beats Q1 forecasts but warns of $8B China export hit in Q2
Nvidia exceeded expectations in Q1 FY2026 with $44.1 billion in revenue, including $4.6 billion in H20 chip sales, despite a $2.5 billion hit from US export curbs. China contributed 12.5% of total revenue. However, the company warned of an $8 billion revenue loss in Q2 due to tighter US restrictions on H20 AI chip exports to China.