Nvidia has posted another blockbuster quarter, reporting $44.1 billion in revenue—surpassing Wall Street expectations of $43.3 billion. The performance highlights the company’s continued dominance in the AI and data center space.

The data center segment was the primary driver, generating $39.1 billion in revenue. This marks a 10 percent increase from the previous quarter and a staggering 73 percent jump compared to the same period last year.

However, Nvidia faced some challenges during the quarter. The company disclosed that its H20 AI chip, designed for the Chinese market, now requires an export license, leading to a $4.5 billion charge related to excess inventory. Nvidia estimated it could have generated an additional $2.5 billion in revenue had the export restrictions not been in place.

Looking ahead, Nvidia projects revenue of approximately $45 billion for the current quarter. The company also noted that technical issues with its new Blackwell server platform have been resolved, allowing server manufacturers to ramp up shipments.

“Our breakthrough Blackwell NVL72 AI supercomputer — a ‘thinking machine’ designed for reasoning — is now in full-scale production across system makers and cloud service providers,” said Jensen Huang, founder and CEO of Nvidia.

“Global demand for Nvidia’s AI infrastructure is incredibly strong. AI inference token generation hrecognizing AI as essential infrastructure — just like electricity and the Internet — and Nvidia stands at the centerCountries around the world are recognizing AI as essential infrastructure — just like electricity and the Internet — and Nvidia stands at the center of this profound transformation.”

With the Blackwell platform gaining traction and demand for AI infrastructure soaring globally, Nvidia remains well-positioned at the forefront of the AI revolution.