Nvidia quarterly results: Revenue soars 85% to $81.6 billion in Q1 FY2027
Nvidia posts record quarterly results as revenue jumps to $81.6B, driven by a near-doubling of data‑center sales and stronger-than-expected adjusted earnings per share.
Strong opening and headline figures
Nvidia reported record revenue of $81.6 billion for the first quarter of fiscal 2027, marking an 85% increase from the same period a year earlier and a 20% rise from the prior quarter. The company said the quarter ended April 26, 2026, and attributed the surge to robust demand for its AI compute products and related infrastructure. (nvidianews.nvidia.com)
Data‑center business dominates the quarter
Revenue from Nvidia’s Data Center segment reached $75.2 billion in the quarter, effectively accounting for the vast majority of the company’s sales and rising roughly 92% year over year. Company materials showed both compute and networking components in Data Center posted record figures, underscoring how hyperscale cloud and enterprise AI spending have driven Nvidia’s growth. (nvidianews.nvidia.com)
Margins and adjusted earnings
Nvidia reported non‑GAAP (adjusted) diluted earnings per share of $1.87 and GAAP diluted EPS of $2.39 for the quarter, with non‑GAAP gross margin around 75%. Management said the improvement in margins and profit per share reflected higher product mix and operational leverage as AI platforms scaled across cloud and enterprise customers. (nvidianews.nvidia.com)
Product ramps and technology drivers
The company cited accelerated shipments of its Blackwell‑based products and growth in associated networking and interconnect solutions as key drivers of the Data Center result. Nvidia also highlighted new platforms and software—ranging from the Vera Rubin CPU to Dynamo inference enhancements—that management says are designed to boost agentic and generative AI deployments. (nvidianews.nvidia.com)
Shareholder returns and capital allocation moves
Alongside the quarterly report, Nvidia’s board approved an additional $80.0 billion in share repurchase authorization and raised the quarterly cash dividend from $0.01 to $0.25 per share. The company noted it returned about $20 billion to shareholders during the quarter through repurchases and dividends and left $38.5 billion remaining under the prior authorization before the new authorization was approved. (nvidianews.nvidia.com)
Outlook and near‑term guidance
For the second quarter of fiscal 2027, Nvidia guided revenue to roughly $91.0 billion, plus or minus 2%, and forecast gross margins around 74.9% to 75.0% with modest variance. The company said its outlook does not assume any Data Center compute revenue from China in the next quarter, reflecting ongoing uncertainty in certain international markets and export considerations. (nvidianews.nvidia.com)
Nvidia’s latest quarterly results underline how the company’s position in AI compute and related infrastructure is reshaping its revenue mix, with Data Center sales now the central engine of growth and margins improving as scale increases. The firm’s elevated buyback authorization and dividend hike signal confidence in cash generation while management positions product and software stacks to capture expanding demand for large‑scale AI deployments. (nvidianews.nvidia.com)
