NVIDIA reported Q1 FY2026 revenue of $44.1 billion, up 69% year-over-year, with data center revenue of $39.1 billion (+73% YoY). On April 9, 2025, the U.S. government imposed export licensing requirements for H20 products to China; NVIDIA incurred a $4.5 billion charge for excess H20 inventory and purchase obligations in Q1, and was unable to ship an additional $2.5 billion of H20 revenue that quarter. Q2 FY2026 guidance projects $45 billion revenue with an explicit $8 billion loss in H20 revenue due to ongoing export restrictions. Excluding the H20 charge, Q1 non-GAAP gross margin would have been 71.3% (versus 61.0% reported), and non-GAAP diluted EPS would have been $0.96 (versus $0.81 reported). This data point directly quantifies the material impact of U.S. export controls on a major AI vendor's addressable market and demonstrates both the scale of pre-control China revenue and the velocity of government intervention authority.
265 other tracked developments touching the same claims.