NVIDIA posts $45.55B revenue

Nvidia reported first-quarter fiscal 2027 revenue of $81.6 billion on May 20, up 85% from a year earlier, extending the surge in spending on artificial-intelligence infrastructure. The chip designer said Data Center revenue reached a record $75.2 billion, up 92%, as cloud providers and enterprises kept buying systems built around its latest chips. The company also forecast second-quarter revenue of about $91 billion, above Wall Street expectations cited by market outlets. The stock reaction was restrained after the release, even as the results beat estimates and the company added an $80 billion share repurchase authorization. ### Why did this quarter matter more than the stock move? Nvidia said the quarter ended April 26, 2026, and the figures showed that demand for AI compute remained strong across hyperscalers, consumer internet companies and enterprise customers. In its earnings release, the company said first-quarter revenue rose 20% from the prior quarter as customers ramped deployments of Blackwell-based infrastructure. (investor.nvidia.com) CNBC reported that investors had been looking for evidence that data-center growth could stay elevated after two years of rapid expansion. The company delivered that evidence in the reported numbers, but the shares slipped in after-hours trading, suggesting the market had already priced in much of the upside. ### Where did the growth actually come from? (investor.nvidia.com) Data Center revenue of $75.2 billion accounted for the overwhelming majority of Nvidia’s sales in the quarter. The earnings release said the segment was driven by demand for Blackwell architecture products and AI infrastructure used for both training and inference workloads. (cnbc.com) The earnings call transcript published by The Motley Fool said Data Center computing revenue was about $60 billion, up 77% from a year earlier, while Data Center networking revenue was about $15 billion and nearly tripled. That breakdown showed the company benefiting not only from graphics processors but also from the networking gear needed to connect AI systems at scale. (investor.nvidia.com) ### What did Jensen Huang say about demand? Chief Executive Jensen Huang said in the earnings release that “global demand for NVIDIA’s AI infrastructure is incredibly strong” and tied the quarter to what he called the shift from generative AI to agentic AI. He said countries and companies were building “AI factories” to produce intelligence at scale. (fool.com) On the conference call, executives said Blackwell shipments expanded during the quarter and that large cloud customers were moving from early deployments to broader rollouts. Those remarks reinforced Nvidia’s argument that spending is broadening from experimentation to sustained infrastructure buildouts. ### What else did Nvidia do with the cash? (investor.nvidia.com) Nvidia said on May 20 that its board approved an additional $80 billion in share repurchases and raised the quarterly cash dividend to $0.25 per share from $0.01. The company said it returned $20 billion to shareholders during the quarter through stock repurchases and cash dividends. (fool.com) MarketBeat said adjusted earnings per share came in at $1.87, above consensus estimates of $1.76, while revenue topped analyst expectations by more than $3 billion. Those figures helped explain why the company paired its operating update with a larger capital-return plan. ### What is the next number investors will watch? Nvidia said it expects second-quarter fiscal 2027 revenue of about $91 billion. (investor.nvidia.com) The company’s investor relations site lists the full earnings release, presentation materials and webcast archive for the May 20 report, which investors will use to track whether Blackwell systems and networking sales continue to grow at the same pace. (marketbeat.com)