Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company reported a revenue of $44.06 billion for FY2026 Q1, representing a year-on-year increase of 69.2% and a quarter-on-quarter increase of 12.0% [2] - Non-GAAP net profit for the same period was $19.89 billion, up 30.6% year-on-year but down 9.8% quarter-on-quarter [2] - The Non-GAAP gross margin was 61.0%, which, after excluding the impact of H20, adjusted to 71.3%, showing a decrease of 7.6 percentage points year-on-year and 2.2 percentage points quarter-on-quarter [2] Revenue and Profitability - The data center business achieved revenue of $39.11 billion in FY2026 Q1, a year-on-year increase of 73.3% and a quarter-on-quarter increase of 9.9% [3] - The computing/network business revenue was $34.16 billion, up 76.1% year-on-year, while the networking business revenue was $4.96 billion, up 56.3% year-on-year [3] - The company expects FY2026 Q2 revenue to be around $45 billion, with a year-on-year growth of 49.8% and a quarter-on-quarter growth of 2.1% [4] Product Development and Market Position - The company launched several new products in the gaming and professional visualization sectors, including the NVIDIA GeForce RTX 5060/5070 graphics cards [5] - The professional visualization segment saw revenue of $5.1 billion, a year-on-year increase of 19.2% [5] - The automotive business reported revenue of $5.7 billion, up 72.3% year-on-year, with a partnership established with General Motors to develop next-generation vehicles and systems [5] Financial Forecasts - The company forecasts total revenue for FY2026 to be $205.53 billion, with a year-on-year growth of 57.5% [1] - The projected net profit for FY2026 is $104.84 billion, reflecting a year-on-year increase of 43.85% [1] - The earnings per share (EPS) is expected to reach $4.30 in FY2026, with a P/E ratio of 31.97 based on the latest diluted earnings [1]

作者 | 王启隆 出品 | CSDN（ID：CSDNnews） 北京时间 3 月 19 日凌晨，NVIDIA GTC 2025 的主会开场演讲来了！ 在黄仁勋的这场演讲前，英伟达股票还是 119.53 美元 。刷推的时候又发现，马斯克的 Grok AI 都 在和网友们吐槽英伟达今年开年不济，相当艰难，需要一场演讲拯救股市，振奋投资者。还有些直 播，直接开了个股市页面实时盯着 NVDA 涨涨停停，画面相当喜感。 两小时的演讲结束后，股价居然还跌了将近 3%…… 今年的演讲主题是「 AI 工厂 」。 英伟达创始人兼 CEO 黄仁勋身穿标志性的皮衣，潇洒上台。 下面先简单总结演讲的内容有哪些（正好黄仁勋自己在最后强调了一遍本次主会的 五大亮点 ），后 文我们再来个 "事无巨细"的 全面回顾 ，带大家云体验一遍全程。 Blackwell 全面投入生产 第一代 Blackwell 芯片还没热乎，英伟达就推出了下一代 Blackwell Ultra，旨在 提升训练和扩展 推理能力。主会上展示了两个版本： 顺带一提，看外媒的现场返图，英伟达这次在 GTC 大会会馆前 摆了个摊卖煎饼 ，黄仁勋 亲自上阵 边吃边卖， 里面穿着 ...