NVIDIA Announces Financial Results for First Quarter Fiscal 2026

[RejZoR]

Yeah, dude. I'll buy... a 9070 XT, right?

I can't even buy a product that AMD doesn't sell, that is, a high end GPU. If you think things are bad, they can and will get a lot worse, and there is nothing anyone can do about it. We gamers are no longer the priority for the vendors, and I'm including Intel on this. With Nvidia's strong gaming division at <10% of the data center revenue, and pro visualization (RTX Pro) being effectively a rounding error in their budget, it's a miracle things are as they stand.

RX 9070 XT is very much high end. And there is plenty available. And it's a very good graphic card that can finally and easily be called a worthy competitor against NVIDIA offerings. Like, NVIDIA has a top tier top of the line RTX 5090, which is a whole another tier above it, but you can't even actually buy it because all 5 cards that exist are in hands of reviewers who keep dearly of them because they are so hard to come by. And if you happen to somehow find one in a store, it's 4000€. They can stick that up their ass, no consumer graphic card is worth that much. Ever.

I've gone with AMD this time around because they finally released very competent product and because I refused to pay 1400€ for a god damn RTX 5070Ti to greedy NVIDIA. RTX 5070Ti has gone down in price dramatically after RX 9070 XT hit the market, but I don't care, I'm enjoying the Radeon so much I forgot how good Radeon cards still are despite issues they had through RX 5000-7000 period.

 

[Bwaze]

Like, NVIDIA has a top tier top of the line RTX 5090, which is a whole another tier above it, but you can't even actually buy it because all 5 cards that exist are in hands of reviewers who keep dearly of them because they are so hard to come by. And if you happen to somehow find one in a store, it's 4000€.

Is that some local issue? I know there isn't much stock in USA, Asia, but in Europe RTX 5090 are widely available, and at "reasonable" prices:

$2000 is 1775 EUR, +20% VAT (it varies by the country) is 2290 EUR. These cards are in stock at listed prices, just a bit above MSRP + VAT:

 

[JustBenching]

Is that some local issue? I know there isn't much stock in USA, Asia, but in Europe RTX 5090 are widely available, and at "reasonable" prices:

$2000 is 1775 EUR, +20% VAT (it varies by the country) is 2290 EUR. These cards are in stock at listed prices, just a bit above MSRP + VAT:

View attachment 401688

Forums prices are 4k for a 5090, 1.5k for 5070ti and 500 for a 5060. Yes, store prices are wildly lower but you know, using real prices would damage the ngreedia argument.

 

[Daven]

Awesome. Extremely impressive numbers once again in spite of the tariff shenanigans and China export restrictions. Rock on, nVidia!

As for driver issues, I haven't had a single one with my RTX 4090 and I have gone through the entire 576.xx series (GRD and hotfixes... every single one). Currently on 576.52 and the latest game I have played flawlessly (zero issues, zero crashes, as always) was DOOM The Dark Ages which I have played for ~37 hours (100%) with everything maxed at 4K/DLSS Quality. It was glorious. Technical per-fucking-fection! Thanks, nVidia!

And, as coincidence would have it, I just received my RTX 5090 (MSI Suprim Liquid SOC) in the mail today. It finally dropped below €2900 here in EU last week so I pulled the trigger before buying American graphics card impossible in EU or some crazy shit like that (you never know...). I will install it tomorrow and the RTX greatness shall prevail!

nVidia 4ever

Now that’s what you call gross.

 

[calhau]

Forums prices are 4k for a 5090, 1.5k for 5070ti and 500 for a 5060. Yes, store prices are wildly lower but you know, using real prices would damage the ngreedia argument.

The argument for Ngreedia is on the post, the almost 80% margins.

The street price above MSRP is not on Nvidia, it's on sellers and buyers, unless they raised prices or did the same thing as AMD.


On the subject of the post, Nvidia is expecting increased revenue with lower profit margins, but the operating expenses increase is like a 8th of the increase in revenue, this might mean better value on their products.

 

[Dr. Dro]

RX 9070 XT is very much high end. And there is plenty available. And it's a very good graphic card that can finally and easily be called a worthy competitor against NVIDIA offerings. Like, NVIDIA has a top tier top of the line RTX 5090, which is a whole another tier above it, but you can't even actually buy it because all 5 cards that exist are in hands of reviewers who keep dearly of them because they are so hard to come by. And if you happen to somehow find one in a store, it's 4000€. They can stick that up their ass, no consumer graphic card is worth that much. Ever.

I've gone with AMD this time around because they finally released very competent product and because I refused to pay 1400€ for a god damn RTX 5070Ti to greedy NVIDIA. RTX 5070Ti has gone down in price dramatically after RX 9070 XT hit the market, but I don't care, I'm enjoying the Radeon so much I forgot how good Radeon cards still are despite issues they had through RX 5000-7000 period.

Strongly disagreed, it's squarely a performance segment GPU. Worth is a relative concept, it's not worth it to you. To me? I jumped at it and secured a MSRP card. You can buy an RTX 5090, that is, if you sacrifice your first born to Jensen, I'll give you that much - but that's another story altogether.

The point is that it exists and it is roughly twice as powerful as the duo of 9070 GPUs, with the 9070 at roughly 49% of its performance and the 9070 XT just about managing 55% - a decent result, yet behind the RTX 5070 Ti and RTX 4080, while also losing to its less than stellar predecessor. That is forgivable, on the condition you don't call it a high end GPU, and that is the only argument to be made: it's a midranger intended to replace the 7800 XT. AMD themselves have never made a claim to it being a high-end graphics card, because they'd be laughed out of the room. While RDNA 4 is all fine and dandy, if you place this horse on the high-end race, the only thing you will meet is ridicule: 2022 called and they want their cut-down, second tier GPU's performance back. Oh... it doesn't exactly beat even that, does it.

All I'm going to say I am now spoiled and pampered after I witnessed the glory of 8K DLAA gaming at triple digit frame rates, before even considering the whole frame generation scam.

 

[Red Hood]

Get some extra billions from them and tax them even more for shipping AI chips to China.

Blasphemy!

Nvidia CEO Jensen Huang says ‘There’s no evidence of any AI chip diversion’

He made the comments arriving at Computex

www.tomshardware.com

Nvidia AI chips have clearly not been shipped to China

DeepSeek GPU smuggling probe shows Nvidia's Singapore GPU sales are 28% of its revenue, but only 1% are delivered to the country: Report

Is Singapore being used for transshipment of banned AI chips to China?

www.tomshardware.com

Lawmakers demand answers from Nvidia over suspected GPU diversions to China, company denies any wrongdoing

The House Select Committee on the CCP seeks to know all of Nvidia's significant clients in Asia.

www.tomshardware.com

GPU imports to Malaysia surge by 3,400% in 2025, raising alarm amid smuggling investigations

A strategic expansion plan for AI or a way to reroute restricted GPUs?

www.tomshardware.com

 

[Chomiq]

Blasphemy!

Nvidia CEO Jensen Huang says ‘There’s no evidence of any AI chip diversion’

He made the comments arriving at Computex

www.tomshardware.com

Nvidia AI chips have clearly not been shipped to China

DeepSeek GPU smuggling probe shows Nvidia's Singapore GPU sales are 28% of its revenue, but only 1% are delivered to the country: Report

Is Singapore being used for transshipment of banned AI chips to China?

www.tomshardware.com

Lawmakers demand answers from Nvidia over suspected GPU diversions to China, company denies any wrongdoing

The House Select Committee on the CCP seeks to know all of Nvidia's significant clients in Asia.

www.tomshardware.com

GPU imports to Malaysia surge by 3,400% in 2025, raising alarm amid smuggling investigations

A strategic expansion plan for AI or a way to reroute restricted GPUs?

www.tomshardware.com

 

[Dr. Dro]

Blasphemy!

Nvidia CEO Jensen Huang says ‘There’s no evidence of any AI chip diversion’

He made the comments arriving at Computex

www.tomshardware.com

Nvidia AI chips have clearly not been shipped to China

DeepSeek GPU smuggling probe shows Nvidia's Singapore GPU sales are 28% of its revenue, but only 1% are delivered to the country: Report

Is Singapore being used for transshipment of banned AI chips to China?

www.tomshardware.com

Lawmakers demand answers from Nvidia over suspected GPU diversions to China, company denies any wrongdoing

The House Select Committee on the CCP seeks to know all of Nvidia's significant clients in Asia.

www.tomshardware.com

GPU imports to Malaysia surge by 3,400% in 2025, raising alarm amid smuggling investigations

A strategic expansion plan for AI or a way to reroute restricted GPUs?

www.tomshardware.com

Let me put it this way: would you be happy if AMD could track your individual GPU and had the ability to remotely disable it, should the government believe you aren't worthy of owning it? I'm willing to bet that you would not. Once a product has been sold, the only obligation that Nvidia or its business partners have from that point thereafter is to honor their warranty or any outstanding support contracts. Technically, you're not even owed driver updates.

If a customer of theirs is smuggling GPUs into an unauthorized territory (and let's be frank, we know they are), it can't be called the responsibility of the vendor. That's an unpatchable loophole unless more than a few miles are taken, and those aren't worth it for anybody. The interested party, that is, the U.S. Government, should enforce their export control by working with Singaporean and Malaysian authorities to prevent redirection.

Also daily reminder that DeepSeek is AMD territory and their Instinct GPUs kick Nv's ass at it (even the 7900 XTX does, which is the only reason it became super valuable as of late)

 

[JustBenching]

The argument for Ngreedia is on the post, the almost 80% margins.

Then explain me this. If Nvidia has insane profit margins, why are they able to sell the best perf / $ gpus on the market? The recently reviewed 5060 for example offers the vest value.

 

[RejZoR]

Forums prices are 4k for a 5090, 1.5k for 5070ti and 500 for a 5060. Yes, store prices are wildly lower but you know, using real prices would damage the ngreedia argument.

2500€ is still absolutely insane for ANY graphic card. RTX 5090 should at most cost 1200€, but prices have been fucked up for years at this point.

 

[blinnbanir]

Do the 5000 cards sell in China?

 

[Philaphlous]

Dangggg..... those are some crazy numbers... Leather coat upgrade incoming....

 

[JustBenching]

2500€ is still absolutely insane for ANY graphic card. RTX 5090 should at most cost 1200€, but prices have been fucked up for years at this point.

It is, but so is every other card. Paid 2k for my 4090 - and it turns out it would cost me a lot more if i went for any other card and have a slower gpu in the meanwhile.

 

[neatfeatguy]

Awesome. Extremely impressive numbers once again in spite of the tariff shenanigans and China export restrictions. Rock on, nVidia!

As for driver issues, I haven't had a single one with my RTX 4090 and I have gone through the entire 576.xx series (GRD and hotfixes... every single one). Currently on 576.52 and the latest game I have played flawlessly (zero issues, zero crashes, as always) was DOOM The Dark Ages which I have played for ~37 hours (100%) with everything maxed at 4K/DLSS Quality. It was glorious. Technical per-fucking-fection! Thanks, nVidia!

And, as coincidence would have it, I just received my RTX 5090 (MSI Suprim Liquid SOC) in the mail today. It finally dropped below €2900 here in EU last week so I pulled the trigger before buying American graphics card impossible in EU or some crazy shit like that (you never know...). I will install it tomorrow and the RTX greatness shall prevail!

nVidia 4ever

Curious if you run into any issues with the 5090 - update us if you have issues or not. Have fun with your new toy.

 

[JustBenching]

Awesome. Extremely impressive numbers once again in spite of the tariff shenanigans and China export restrictions. Rock on, nVidia!

As for driver issues, I haven't had a single one with my RTX 4090 and I have gone through the entire 576.xx series (GRD and hotfixes... every single one). Currently on 576.52 and the latest game I have played flawlessly (zero issues, zero crashes, as always) was DOOM The Dark Ages which I have played for ~37 hours (100%) with everything maxed at 4K/DLSS Quality. It was glorious. Technical per-fucking-fection! Thanks, nVidia!

And, as coincidence would have it, I just received my RTX 5090 (MSI Suprim Liquid SOC) in the mail today. It finally dropped below €2900 here in EU last week so I pulled the trigger before buying American graphics card impossible in EU or some crazy shit like that (you never know...). I will install it tomorrow and the RTX greatness shall prevail!

nVidia 4ever

Despicable, how dare you enjoy a product you bought? You should be ashamed for... having fun and liking your purchase.

/s

 

[Red Hood]

Let me put it this way: would you be happy if AMD could track your individual GPU and had the ability to remotely disable it, should the government believe you aren't worthy of owning it? I'm willing to bet that you would not. Once a product has been sold, the only obligation that Nvidia or its business partners have from that point thereafter is to honor their warranty or any outstanding support contracts. Technically, you're not even owed driver updates.

If a customer of theirs is smuggling GPUs into an unauthorized territory (and let's be frank, we know they are), it can't be called the responsibility of the vendor. That's an unpatchable loophole unless more than a few miles are taken, and those aren't worth it for anybody. The interested party, that is, the U.S. Government, should enforce their export control by working with Singaporean and Malaysian authorities to prevent redirection.

Also daily reminder that DeepSeek is AMD territory and their Instinct GPUs kick Nv's ass at it (even the 7900 XTX does, which is the only reason it became super valuable as of late)

I assume you are talking about the geo tracking bill from Tom Cotton? That wasn't being discussed but since you brought it up, a killswitch on a gpu would be asking for trouble from hackers/malware regardless of manufacturer

If a customer is smuggling gpus then that responsibility is not on the vendor, agreed

In the case of sales to Singapore, most of the chips were not even shipped there and this is confirmed by Nvidia, so they clearly knew the shipping locations

https://s201.q4cdn.com/141608511/files/doc_financials/2025/q3/ed2a395c-5e9b-4411-8b4a-a718d192155a.pdf

As for deepseek, AMD said the 7900XTX is faster than the 4090, Nvidia said the 4090 is faster (they included the 5090 which is even faster)

AMD claims RX 7900 XTX outperforms RTX 4090 in DeepSeek benchmarks

Nvidia usually has better AI performance, but with DeepSeek AI, the tables have turned (according to AMD)

www.tomshardware.com

Nvidia counters AMD DeepSeek AI benchmarks, claims RTX 4090 is nearly 50% faster than 7900 XTX

So, who is correct?

www.tomshardware.com

Nvidia fires back at AMD, claims RTX 5090 is twice as fast as top Radeon in DeepSeek benchmarks

Nvidia's counterattack claims that its new GeForce RTX 5090 GPU outperforms AMD's flagship by a staggering margin. According to Team Green, the RTX 5090 is up to...

www.techspot.com

NVIDIA Blackwell Delivers World-Record DeepSeek-R1 Inference Performance | NVIDIA Technical Blog

NVIDIA announced world-record DeepSeek-R1 inference performance at NVIDIA GTC 2025. A single NVIDIA DGX system with eight NVIDIA Blackwell GPUs can achieve over 250 tokens per second per user or a…

developer.nvidia.com

I heard deepseek on MI325X is more cost effective

 

[calhau]

Then explain me this. If Nvidia has insane profit margins, why are they able to sell the best perf / $ gpus on the market? The recently reviewed 5060 for example offers the vest value.

If you bothered to look at the OP and put 30 seconds of thought into it you wouldn't need to make this post.

1)almost 80% gross profit are official gaap numbers for q1 25 from Nvidia.

2) this gen Nvidia doesn't have the best price/pref in raster compared to this gen AMD in the same segment, the 9060's didn't release yet, so the 5060 might be the best value only until then (the b580 in certain cases has better price/pref).

3) Nvidia has a monopoly in practice so it can be almost as greedy has it wants, and considering that the pseudo competition is more than happy to be as bad if not worst you end up with ridiculous product margins and and what amounts to almost complete stagnation in price performance.

 

[JustBenching]

2) this gen Nvidia doesn't have the best price/pref in raster compared to this gen AMD in the same segment, the 9060's didn't release yet, so the 5060 might be the best value only until then (the b580 in certain cases has better price/pref).

Uhm, but they do. I know it's hard to fathom how it's possible for a greedy, terrible evil company to have better value than the company that really loves and cares about you but hey, it's true. Both the 5070 and the 5060ti (both versions) are a lot more value (price / perf) then everything that amd has released. So yeah, is it really surprising that nvidia gpus fly off the shelf? Even for vram lovers nvidia offers the cheapest gpu with over 8gb of vram. AMD only offers 8 for that price point. So what are we arguing about here?

It's been 2 months since the 60ti release btw, the fact that amd still hasn't released anything yet in that segment speaks for itself.

 

[igormp]

For the ones saying about Nvidia stopping gaming GPUs, that won't happen. They got where they are by making their GeForce GPUs fall into the hands of most people, and allowing those to jump into CUDA. The GeForce lineup is pretty much a gateway drug so that people can get into GPGPU with CUDA and when they manage a high position job, those folks will work with what they're used to.

Also daily reminder that DeepSeek is AMD territory and their Instinct GPUs kick Nv's ass at it (even the 7900 XTX does, which is the only reason it became super valuable as of late)

Instinct is still far behind Nvidia in most cases, sadly. And so is the 7900xtx, albeit the latter is now able to match a 3090 in many more scenarios nowadays.

I heard deepseek on MI325X is more cost effective

Those instincts are more cost effective if you only account the raw acquisition cost, but this easily turns around if you factor in the required engineering time to get things working in their platform.
For really large scale deployments once you managed to make it work properly, then the engineering costs gets diluted over time. But then comes the issue that instinct products don't scale that well in multi node configs.

 

[calhau]

Uhm, but they do. I know it's hard to fathom how it's possible for a greedy, terrible evil company to have better value than the company that really loves and cares about you but hey, it's true. Both the 5070 and the 5060ti (both versions) are a lot more value (price / perf) then everything that amd has released. So yeah, is it really surprising that nvidia gpus fly off the shelf? Even for vram lovers nvidia offers the cheapest gpu with over 8gb of vram. AMD only offers 8 for that price point. So what are we arguing about here?

It's been 2 months since the 60ti release btw, the fact that amd still hasn't released anything yet in that segment speaks for itself.

If you don't bother to read the full post don't bother to post straw man arguments.

READ point 3 for my opinion on AMD instead of putting word in my text to make your straw man.

Currently, according to TPU's reviews is worst value than a 3080 and if you bought this gen AMD cards at MSRP (the sponsored price for good reviews) they have the same price/pref as a 5060ti, what amazing value Nvidia is giving .

 

[JustBenching]

If you don't bother to read the full post don't bother to post straw man arguments.

READ point 3 for my opinion on AMD instead of putting word in my text to make your straw man.

Currently, according to TPU's reviews is worst value than a 3080 and if you bought this gen AMD cards at MSRP (the sponsored price for good reviews) they have the same price/pref as a 5060ti, what amazing value Nvidia is giving .

If amd is just as bad then why the hell are we talking about ngreedia and their profit margins? It's not just you, it's happening every goddman thread. Nvidia bad at this, bad at that, and at the end of the day their competition offers similar or worse products.

 

[calhau]

If amd is just as bad then why the hell are we talking about ngreedia and their profit margins? It's not just you, it's happening every goddman thread. Nvidia bad at this, bad at that, and at the end of the day their competition offers similar or worse products.

Are you a stock holder? I'm a consumer, so it's a good thing that criticism of anti consumer practices is spread as much as it can, because it hurts the brand and it might lead to better practices (fake 4080 is an example).

There's a saying in the English language "two wrongs don't make a right", Nvidia shouldn't be excused for it's actions, unless you think AMD shouldn't be criticised because of Nvidia, that kind of train of thought is what leads to the propagation of the "the company that really loves and cares about you" when AMD has done some stuff worst than Nvidia.

PS: And I'm personally tiered of in every thread consumers saying Poor companies that make 10-9 digits a month, how dare you criticise them.

 

[JustBenching]

Are you a stock holder? I'm a consumer, so it's a good thing that criticism of anti consumer practices is spread as much as it can, because it hurts the brand and it might lead to better practices (fake 4080 is an example).

There's a a saying in the English language "two wrongs don't make a right", Nvidia shouldn't be excused for it's actions, unless you think AMD shouldn't be criticised because of Nvidia, that kind of train of thought is what leads to the propagation of the "the company that really loves and cares about you" when AMD has done some stuff worst than Nvidia.

But that's the thing, how can we tell the difference between actual good faith criticism and people just sprouting BS because they don't like a company? The only way for me to tell the difference is by seeing how much you complained about the other company when they did the same thing. My conclusion is the majority of complains are not being done in good faith and to promote consumer interest, they are just using it as an excuse to promote their hate filled agenda.

 

[calhau]

But that's the thing, how can we tell the difference between actual good faith criticism and people just sprouting BS because they don't like a company? The only way for me to tell the difference is by seeing how much you complained about the other company when they did the same thing. My conclusion is the majority of complains are not being done in good faith and to promote consumer interest, they are just using it as an excuse to promote their hate filled agenda.

Again two wrong don't make a right.

The way to spot if it's BS is to look at the validity of the criticism and not anything else. If it's valid it's valid, good faith and if they also criticise AMD are irrelevant.

Should I dismiss any criticism you make at AMD even if it's valid because in this conversation you shown no good faith in your arguments and some were arguably false? NO if they are valid they are valid.

Misleading comments are also bad for the consumer.
That's why you should never be a fanboy you are double dipping in the harm done to the consumer (supporting anti consumer practices and directly misguiding them).