Nvidia (NASDAQ: NVDA) delivered first-quarter fiscal 2027 revenue of $81.6 billion on May 20, up 85 percent year on year and 20 percent from the previous quarter, setting another record in a sequence that has made the company the defining financial story of the AI era.
Data centre revenue reached $75.2 billion for the period, growing 92 percent compared with the same quarter last year as hyperscaler spending on AI infrastructure continued accelerating beyond most analyst projections.
Non-GAAP earnings per diluted share of $1.87 beat consensus estimates by roughly $0.10, extending an unbroken run of quarterly outperformance that has become the norm rather than the exception for the company.
Nvidia (NASDAQ: NVDA) also announced an $80 billion addition to its share repurchase authorisation and raised the quarterly cash dividend from $0.01 to $0.25 per share, a 2,400 percent increase that caught most of Wall Street by surprise.
CEO Jensen Huang stated during the earnings call: “The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed. Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries.”
Huang further described Nvidia as “uniquely positioned at the center of this transformation as the only platform that runs in every cloud, powers every frontier and open source model, and scales everywhere AI is produced.”
Second-quarter guidance came in at $91 billion in revenue, plus or minus 2 percent, with the company explicitly excluding any Chinese data centre revenue from that figure due to ongoing export restrictions.
Any softening of export policy toward China would represent pure upside against management’s own stated outlook, a detail not lost on analysts who cover the geopolitical dimension of the chip sector.
Despite the results, the stock fell 1.8 percent in the following session, prompting one market participant to note: “People are saying, we expect more. They just want more to the point where more becomes unrealistic.”
Analysts responded with fresh price target upgrades, including at least one new street-high of $500, reinforcing consensus that Nvidia’s structural position at the centre of AI compute spending remains unchallenged.
The company returned a record $20 billion to shareholders during the quarter alone, confirming that its cash generation now supports aggressive reinvestment and meaningful capital returns simultaneously without any trade-off between the two.
For a company that reported roughly $6 billion in quarterly revenue three years ago, the trajectory remains among the most striking in the history of publicly traded technology companies.