NVIDIA reports Q1 FY2027 May 20

NVIDIA will report first-quarter fiscal 2027 results on Wednesday, May 20, with investors set to parse whether the company can meet or beat the revenue target it gave in February. The Santa Clara, California-based chip designer said it will release results at about 1:20 p.m. Pacific time and hold a webcasted call at 2 p.m. Pacific, or 5 p.m. Eastern. The quarter ended April 26, 2026, according to the company’s investor relations site. The May 20 report lands after NVIDIA closed fiscal 2026 with record quarterly revenue of $68.1 billion and record data center revenue of $62.3 billion. For the full fiscal year, NVIDIA reported revenue of $215.9 billion. Those figures set the baseline for a quarter that Wall Street and preview notes are now framing around another step up in AI-server demand. (investor.nvidia.com) ### What exactly is NVIDIA scheduled to release on May 20? NVIDIA said on April 29 that it will discuss first-quarter fiscal 2027 financial results in a conference call on Wednesday, May 20. The company said the call will cover the quarter ended April 26, 2026, and will be webcast live in listen-only mode on its investor relations website. (investor.nvidia.com) Colette Kress, NVIDIA’s executive vice president and chief financial officer, is due to provide written commentary immediately after the results are publicly announced, the company said. NVIDIA also said the prepared remarks will be followed by a question-and-answer session limited to financial analysts and institutional investors. (nvidianews.nvidia.com) ### Which number is the market using as the starting point? NVIDIA told investors in its prior guidance that first-quarter fiscal 2027 revenue would be $78.0 billion, plus or minus 2%. TipRanks, summarizing company guidance ahead of the report, said NVIDIA also projected GAAP gross margin of about 74.9% and non-GAAP gross margin of about 75.0%, each plus or minus 50 basis points. (nvidianews.nvidia.com) Visible Alpha consensus, as cited in a recent earnings preview, puts expected first-quarter revenue at about $78.5 billion. TradingKey said analysts were looking for roughly $78 billion in revenue, more than $65 billion from data center, and gross margins above 74%. Those preview figures are third-party estimates, not company guidance. ### Why is data center revenue getting so much attention? (tipranks.com) NVIDIA reported $62.3 billion in data center revenue in the fourth quarter of fiscal 2026, making that segment the company’s dominant business line. The same quarter’s total revenue was $68.1 billion, which shows how heavily NVIDIA’s recent growth has been tied to AI infrastructure spending. (seekingalpha.com) MarketXLS, in a preview published this week, said commentary from Microsoft, Alphabet, Meta and Amazon pointed to continued elevated capital spending by hyperscalers. That preview said investors are focused on whether NVIDIA can sustain data center growth and keep gross margins in the mid-70% range. ### What did NVIDIA say last quarter that still shapes this report? (investor.nvidia.com) February guidance for the April quarter pointed to revenue of $78 billion even before the May 20 release date was set. TipRanks’ summary of that guidance said NVIDIA assumed no data center compute revenue from China in the quarter, a detail that investors may revisit when management discusses demand and regional mix. (marketxls.com) Morningstar wrote this month that NVIDIA had previously indicated sequential growth through calendar 2026 and that management had suggested earlier revenue expectations tied to Blackwell and Rubin products could prove conservative. That assessment is Morningstar’s characterization, and investors will be looking for management to update those assumptions on the call. (tipranks.com) ### Where can investors follow the next step? NVIDIA said the live webcast will be available on investor.nvidia.com at 2 p.m. Pacific on May 20, 2026. The company said a replay will remain available until its conference call for second-quarter fiscal 2027 results, and its annual meeting of stockholders is scheduled for June 24, 2026, according to the investor site. (nvidianews.nvidia.com) (global.morningstar.com)