TLDR:
- NVIDIA Q1 FY2027 revenue reached a record $81.6 billion, rising 85% year-over-year and 20% sequentially.
- Data Center revenue surged 92% annually to $75.2 billion, with networking revenue climbing 199% year-over-year.
- NVIDIA raised its quarterly dividend from $0.01 to $0.25 per share and approved an $80 billion buyback program.
- Q2 FY2027 revenue guidance stands at $91 billion, excluding all Data Center compute revenue sourced from China.
NVIDIA reported record first-quarter fiscal 2027 revenue of $81.6 billion, marking an 85% year-over-year increase. Data Center revenue reached $75.2 billion, up 92% annually.
The company also guided Q2 revenue to $91 billion. Non-GAAP diluted EPS climbed 140% to $1.87. Operating cash flow hit $50.3 billion, while free cash flow totaled $48.6 billion during the quarter.
Record Revenue Driven by AI Infrastructure Demand
NVIDIA’s Q1 FY2027 results reflect growing demand for AI computing infrastructure worldwide. Revenue rose 20% sequentially from $68.1 billion in Q4 FY2026. The company’s GAAP gross margin stood at 74.9%, up 14.4 percentage points year-over-year.
Data Center compute revenue alone reached $60.4 billion, rising 77% from a year ago. Networking revenue within the segment hit $14.8 billion, up 199% annually. These numbers show strong adoption of NVIDIA’s Blackwell GPU platform across hyperscale clients.
Jensen Huang, NVIDIA’s founder and CEO, described the moment as a turning point for global infrastructure. He stated that “the buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed.” Huang further noted that agentic AI is now doing productive work and generating real value across industries.
NVIDIA returned approximately $20 billion to shareholders through buybacks and dividends during Q1. The Board also approved an additional $80 billion share repurchase authorization on May 18, 2026, with no expiration date.
Huang added that NVIDIA is “uniquely positioned at the center of this transformation” as the only platform running across every major cloud.
Dividend Increase and Shareholder Returns Signal Confidence
NVIDIA raised its quarterly cash dividend from $0.01 per share to $0.25 per share. The dividend will be paid on June 26, 2026, to shareholders of record as of June 4, 2026. This marks a notable shift in NVIDIA’s capital return strategy.
As of Q1’s close, the company had $38.5 billion remaining under its prior share repurchase authorization. The new $80 billion addition further strengthens NVIDIA’s buyback capacity. Together, these moves reflect management’s confidence in sustained earnings growth.
GAAP net income for the quarter came in at $58.3 billion, up 211% year-over-year. Non-GAAP net income reached $45.5 billion, rising 139% from the same period last year. Both figures point to strong profitability alongside revenue growth.
GAAP diluted EPS of $2.39 compares to $0.76 in Q1 FY2026, a 214% increase. Non-GAAP diluted EPS of $1.87 reflects a 140% annual gain.
Huang noted that NVIDIA’s platform “runs in every cloud, powers every frontier and open source model, and scales everywhere AI is produced.”
Q2 Outlook and Structural Reporting Changes
NVIDIA guided Q2 FY2027 revenue at approximately $91 billion, plus or minus 2%. The company stated that this outlook excludes any Data Center compute revenue from China. GAAP and non-GAAP gross margins are expected to remain near 74.9% and 75.0%, respectively.
Operating expenses for Q2 are projected at around $8.5 billion on a GAAP basis and $8.3 billion non-GAAP. For the full fiscal year 2027, NVIDIA expects tax rates of 16% to 18%, excluding discrete items. These projections reflect continued investment in research and operations.
NVIDIA also announced a new reporting framework splitting its business into Data Center and Edge Computing platforms. Within Data Center, it will now report Hyperscale and ACIE sub-markets separately. Edge Computing will cover PCs, game consoles, robotics, and automotive devices.
Edge Computing revenue for Q1 reached $6.4 billion, up 29% year-over-year and 10% sequentially. New partnerships with Hyundai, Kia, BYD, and Uber support growth in autonomous driving. Expanded collaborations with Google Cloud and Marvell also continue to broaden NVIDIA’s ecosystem reach.
The post NVIDIA Q1 FY2027 Revenue Hits Record $81.6 Billion as AI Infrastructure Demand Accelerates appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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