Nvidia reports $82 billion quarter

Nvidia’s latest quarter was large even by Nvidia standards. The company said on May 20 that first-quarter fiscal 2027 revenue reached $81.6 billion, up 85% from a year earlier, while data center revenue rose to $75.2 billion. It also paired the earnings release with a capital-return package: an additional $80 billion share repurchase authorization and a quarterly dividend increase to $0.25 a share from $0.01. The filing also showed how much cash the business is producing. Nvidia reported free cash flow of $48.6 billion for the quarter ended April 26, 2026, according to its earnings materials filed with the SEC. The stock reaction was restrained: shares closed at $215.33 on May 22, after trading as high as $221.01 and as low as $215.16 during the session. (investor.nvidia.com) ### Why did people call this an “$82 billion quarter”? Nvidia reported revenue of $81.6 billion, which many investors and commentators rounded to $82 billion. The company said that was up 20% from the previous quarter and 85% from a year earlier. (sec.gov) Jensen Huang, Nvidia’s chief executive, used the release to tie the result to AI infrastructure demand. “The buildout of AI factories … is accelerating at extraordinary speed,” Huang said, adding that “agentic AI has arrived.” (investor.nvidia.com) ### Where did the money come from inside the business? Data Center was the main source. Nvidia said Data Center revenue reached $75.2 billion in the quarter, up 92% from a year earlier. Under the company’s previous reporting structure, data center compute revenue was $60.4 billion and data center networking revenue was $14.8 billion. (investor.nvidia.com) Margins remained elevated as revenue expanded. Nvidia said GAAP gross margin was 74.9% and GAAP diluted earnings per share were $2.39 for the quarter. ### Why is Nvidia changing how it reports its business? Nvidia said it is “transitioning to a new reporting framework” that it said better reflects its current and future growth drivers. (investor.nvidia.com) The company will report two market platforms — Data Center and Edge Computing — and within Data Center it will break out Hyperscale and ACIE, which stands for AI Clouds, Industrial and Enterprise. The company said Hyperscale will include revenue from public clouds and large consumer internet companies. ACIE will cover AI-focused data centers and AI factories across industries and countries, while Edge Computing will include PCs, game consoles, workstations, AI-RAN base stations, robotics and automotive. (investor.nvidia.com) ### How aggressive was the shareholder payout? Nvidia said it returned about $20.0 billion to shareholders during the quarter through repurchases and cash dividends. As of the end of the quarter, it had $38.5 billion remaining under its prior repurchase authorization, and on May 18 the board approved an additional $80.0 billion authorization with no expiration. (investor.nvidia.com) The dividend increase was unusually large in percentage terms. Nvidia raised the quarterly cash dividend to $0.25 a share from $0.01, a 2,400% increase, according to the company’s announced per-share amounts. ### If the numbers were that strong, why was the stock flat? (investor.nvidia.com) The market’s immediate move was modest. Yahoo Finance showed Nvidia at $215.33 at the May 22 close, down 1.9% on the day, while CNBC data showed the session range at $215.16 to $221.01. The next dated milestone is June 4, 2026, when shareholders must be on record to receive the new dividend. (investor.nvidia.com) Nvidia said the cash dividend will be paid on June 26, 2026, and CNBC lists the company’s next earnings date as August 25, 2026. (finance.yahoo.com)