NVIDIA reports Q1 revenue of $81.6 billion, surging 85% year-over-year and beating estimates of $79.2 billion.
Renaissance Technologies increased its NVIDIA (NVDA) stake by 189% in Q1 2026, holding over 2.5 million shares. The hedge fund has traded NVDA since 2011, with positions fluctuating between 10 million and 200 million shares in past years.
NVIDIA posted Q1 revenue of $81.6 billion, an 85% year-over-year increase and 20% sequential growth, surpassing analyst estimates of $79.2 billion. Net profit rose 211% to $58.3 billion, while non-GAAP EPS reached $1.87, beating expectations of $1.77.
The company’s financial performance reflects strong demand for high-end computing, particularly in AI-driven markets. Prior quarter revenue was $49 billion, with consensus estimates aligning closely with actual results.