Nvidia earnings report today: Nvidia earnings report beat Wall Street expectations with stronger quarterly earnings, soaring revenue growth and an upbeat forecast for the next quarter. Nvidia once again delivered massive numbers that topped Wall Street expectations, but investors still sent NVDA stock lower in after-hours trading as markets looked ahead to the company’s next phase in the AI race.The chip giant reported explosive revenue growth, rising profits and a stronger-than-expected forecast for the current quarter. Nvidia also unveiled a huge new share repurchase program and boosted its quarterly dividend, signaling confidence as demand for AI infrastructure keeps accelerating worldwide.ALSO READ: Nancy Guthrie case takes another twist: Why has the sheriff stopped speaking directly to Nancy Guthrie’s family? here's what you need to knowWhy did NVDA Stock drop after strong earnings?Nvidia reported better-than-expected fiscal first-quarter results on Wednesday, continuing its dominance in the artificial intelligence boom that has powered the company to become one of the world’s most valuable businesses, as per a report by CNBC and Reuters.The company posted adjusted earnings of $1.87 per share on revenue of $81.62 billion, comfortably ahead of analyst estimates compiled by FactSet and LSEG. Wall Street had expected earnings of around $1.75 per share on revenue near $78.9 billion, as per a report by CNBC and Reuters.Still, NVDA stock slipped more than 2% in extended trading following the report, despite the earnings beat and bullish guidance.At the close of trading, Nvidia stock finished at 223.47 USD, up 1.30% for the day, before edging slightly higher after hours.ALSO READ: China wouldn't let Marco Rubio in, so he did something nobody in US politics has ever doneHow big was Nvidia’s revenue jump?Nvidia’s latest numbers highlighted just how rapidly the AI industry continues to expand. Revenue surged 85% year over year, climbing to $81.62 billion from $44.06 billion during the same quarter a year ago. Net income also soared to $42.96 billion, or $1.76 per share, compared with $18.8 billion, or 76 cents per share, a year earlier, as per a report by CNBC and Reuters.The company also projected second-quarter revenue of $91 billion, plus or minus 2%, beating Wall Street expectations of $86.84 billion, according to LSEG data.Nvidia announced an $80 billion share repurchase program alongside the earnings report and revealed that it would raise its quarterly cash dividend from 1 cent per share to 25 cents per share.The earnings release reinforced Nvidia’s role as the central force behind the AI infrastructure boom. Its chips continue to power many of the world’s largest and most advanced AI models inside major data centers globally.What did Jensen Huang say about AI growth?CEO Jensen Huang painted an aggressive picture of how quickly artificial intelligence infrastructure is expanding.“The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” Huang said in a statement, as per a report by CNBC.He added: “Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries.”Investors are also paying close attention to Nvidia’s role in the growing inference market, which is becoming one of the most competitive areas in AI chips. Inference refers to the process of AI systems responding to user prompts and queries, a market viewed as much larger than AI training over the long run.Major tech companies including Alphabet, Amazon and Microsoft are expected to spend more than $700 billion on AI infrastructure this year, sharply higher than the roughly $400 billion spent in 2025.However, those same companies are also investing heavily in their own custom AI chips, creating new competitive pressure for Nvidia.Can Nvidia maintain its AI dominance?Competition is intensifying across the semiconductor industry as rivals like Intel and Advanced Micro Devices continue targeting the growing AI inference market.Nvidia has already started positioning itself for that next stage of competition. Earlier this year, the Santa Clara, California-based company unveiled a new central processor and AI system built on technology from Groq, a startup focused on inference chips.Nvidia remains the company most closely tied to the overall health of the AI market. Every quarter has become a closely watched event for investors tracking NVDA earnings time, NVDA stock price movements and the future of AI spending.FAQsWhy did NVDA stock fall after earnings?Despite strong results, investors appeared focused on future competition and high market expectations.What was Nvidia’s revenue this quarter?Nvidia reported revenue of $81.62 billion for the fiscal first quarter.