NVIDIA Corporation (NVDA) Announced Q1 2027 Earnings on May 20, 2026, Reporting "Total revenue of $82 billion was up 85% year-over-year and 20% sequentially".

NVIDIA Corporation reported its first quarter fiscal 2027 financial results, delivering total revenue of $82 billion, which was up 85% year-over-year and 20% sequentially.Data center revenue of $75 billion was up 92% year-over-year and 21% sequentially.The company generated record free cash flow of $49 billion for the first quarter, up from $35 billion in Q4. GAAP gross margin was 74.9% and non-GAAP gross margin was 75%.The company also returned a record $20 billion to shareholders and announced an $80 billion share repurchase authorization.Management introduced a new reporting framework comprising data center and edge computing market platforms to better reflect growth drivers.The data center segment now reports hyperscale and ACIE, which stands for AI clouds, industrial, and enterprise.Executive leadership emphasized that the build-out of AI factories is accelerating, driven by the transition to GPU-based computing and the rising adoption of agentic AI. The company highlighted that its Vera CPU opens a brand-new 200 billion TAM for NVIDIA, representing a market they have never addressed before.The company announced several deepening partnerships and product deployments, including expanding Anthropic's compute capacity. AWS will add more than 1 million Blackwell and Rubin GPUs starting this year. In edge computing, a partnership with Uber will power a Robotaxi fleet across nearly 30 cities and 4 continents by 2028.Management confirmed they are on track to commence production shipments of Vera Rubin in the second half of the year, starting in Q3.For the second quarter, NVIDIA expects total revenue to be $91 billion, plus or minus 2%, driven primarily by the data center segment. GAAP and non-GAAP gross margins for the second quarter are expected to be 74.9% and 75%, respectively, plus or minus 50 basis points.For the full year 2027, the company expects GAAP and non-GAAP tax rates to be between 16% and 18%.Management also stated they have full confidence in the $1 trillion in Blackwell and Rubin revenue they foresee from 2025 through calendar 2027.