Nvidia posts $81.6B revenue

Nvidia reported first-quarter fiscal 2027 revenue of $81.6 billion on May 20, up 85% from a year earlier, as spending on AI servers and related infrastructure kept driving demand for its chips and systems. The Santa Clara, California, company said data-center revenue rose 92% to $75.2 billion in the quarter ended April 26, underscoring how concentrated Nvidia’s growth remains in AI computing. The company also authorized an additional $80 billion in share repurchases and raised its quarterly dividend from $0.01 to $0.25 a share. The results answered the basic question investors had going into the report: whether the pace of AI infrastructure spending was still accelerating at a scale large enough to justify Nvidia’s valuation. Nvidia’s own figures showed that it was, at least for the quarter just reported. The company said total revenue rose 20% from the prior quarter, extending the run of sequential growth after a year in which hyperscalers, cloud providers and enterprises kept adding AI capacity. (investor.nvidia.com) ### How much of Nvidia’s quarter came from AI data centers? Nvidia said $75.2 billion of its $81.6 billion in quarterly revenue came from the data-center unit, the segment that includes AI chips, networking and systems for cloud and enterprise customers. CNBC reported that the figure amounted to roughly 92% of total sales, showing how much of Nvidia’s business is now tied to AI infrastructure demand. (investor.nvidia.com) Jensen Huang, Nvidia’s chief executive, said on the earnings release that global demand for the company’s AI infrastructure was “incredibly strong.” CNBC reported Huang told investors Nvidia was supporting hyperscalers’ core data processing and machine-learning workloads, internal AI services and public-cloud demand. (cnbc.com) ### Why did the stock still fall after numbers like that? Yahoo Finance reported that Nvidia’s first-quarter revenue topped the average analyst estimate of $79.2 billion compiled by Bloomberg, and non-GAAP diluted earnings per share of $1.87 also beat expectations. Even so, several post-earnings reports said investors were focused less on whether Nvidia beat forecasts than on whether the company exceeded the market’s already elevated assumptions by a wider margin. (investor.nvidia.com) TechCrunch reported that Nvidia forecast slower revenue growth in the following quarter, which also helped explain the muted market reaction after the release. That response did not change the reported numbers, but it showed how closely investors are now parsing Nvidia’s guidance against a high base of expectations. (finance.yahoo.com) ### What else did Nvidia do besides report revenue? Nvidia said it approved an additional $80 billion share-repurchase authorization and increased its quarterly cash dividend 25-fold, to $0.25 per share from $0.01. Those moves accompanied the earnings release rather than standing alone, but they signaled that the company was pairing record growth with larger direct returns to shareholders. (techcrunch.com) The quarter also followed a much smaller first quarter a year earlier. Nvidia reported revenue of $44.1 billion in the comparable quarter of fiscal 2026, with data-center revenue of $39.1 billion, according to its May 28, 2025 earnings release. That year-over-year comparison helps frame the scale of the latest jump. (investor.nvidia.com) ### What does Nvidia say comes next? Nvidia said on May 20 that second-quarter fiscal 2027 revenue is expected to be about $89 billion. The Verge reported the company also said its next-generation Vera Rubin AI chip remains on track for the second half of 2026. (investor.nvidia.com) May 20 remains the key date for the next step in the story because that is when Nvidia set the revenue outlook investors will measure against in the current quarter. The next formal update will come with Nvidia’s second-quarter fiscal 2027 results and any revised commentary from Huang and the company’s finance team on AI demand, product ramps and capital returns. (investor.nvidia.com)