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Record $81.6B Q1 revenue as NVIDIA (NASDAQ: NVDA) boosts dividend

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8-K

Rhea-AI Filing Summary

NVIDIA Corporation reported record first-quarter fiscal 2027 results with revenue of $81.6 billion, up 85% year over year and 20% sequentially. Data Center revenue reached a record $75.2 billion, rising 92% from a year ago and 21% sequentially, driven by adoption of Blackwell 300 products and strong demand for InfiniBand, Spectrum‑X Ethernet, and NVLink solutions. Edge Computing revenue was $6.4 billion, up 29% year over year and 10% sequentially, helped by robust Blackwell workstation demand.

GAAP net income was $58.3 billion and diluted EPS was $2.39, both more than tripling from the prior year, while non‑GAAP diluted EPS was $1.87, up 140% year over year. Operating cash flow surged to $50.3 billion and free cash flow to $48.6 billion. NVIDIA returned about $20.0 billion to shareholders through buybacks and dividends, and its board raised the quarterly dividend from $0.01 to $0.25 per share and added $80.0 billion to the share repurchase authorization.

For the second quarter of fiscal 2027, NVIDIA expects revenue of $91.0 billion plus or minus 2%, with GAAP and non‑GAAP gross margins of 74.9% and 75.0%, respectively, and GAAP operating expenses of about $8.5 billion. The outlook assumes no Data Center compute revenue from China and a GAAP and non‑GAAP tax rate between 16.0% and 18.0% for the full year.

Positive

  • Explosive top-line growth: Q1 FY27 revenue reached $81.6 billion, up 85% year over year and 20% sequentially, with Data Center revenue of $75.2 billion growing 92% year over year.
  • Strong profitability and cash generation: GAAP net income was $58.3 billion and free cash flow $48.6 billion, both rising sharply alongside expanding gross margins versus the prior year.
  • Large capital return increase: Approximately $20.0 billion was returned in Q1 through buybacks and dividends, the quarterly dividend was raised from $0.01 to $0.25 per share, and share repurchase authorization was enlarged by $80.0 billion.
  • Upbeat guidance: Q2 FY27 revenue is expected at $91.0 billion plus or minus 2% with GAAP and non‑GAAP gross margins around 74.9% and 75.0%, despite assuming no Data Center compute revenue from China.

Negative

  • China Data Center headwind: No Data Center Hopper product shipments to China occurred in Q1 FY27, versus $4.6 billion in the first quarter of fiscal 2026, highlighting exposure to regional restrictions.
  • Rapidly rising operating expenses and commitments: GAAP operating expenses rose 52% year over year to $7.6 billion, while inventory climbed to $25.8 billion and supply-related commitments to $119.0 billion, reflecting significant cost and capacity expansion.

Insights

NVIDIA posts exceptional growth, huge cash generation, and larger capital returns.

NVIDIA delivered Q1 fiscal 2027 revenue of $81.6 billion, up 85% year over year, with Data Center revenue of $75.2 billion growing 92%. GAAP net income reached $58.3 billion, heavily supported by strong AI infrastructure demand and substantial equity securities gains.

Non‑GAAP diluted EPS was $1.87, up 140% year over year, and free cash flow climbed to $48.6 billion. Operating expenses grew roughly 50% versus last year as NVIDIA scaled headcount, compute, and R&D, but margin expansion and revenue growth more than offset these higher costs.

Capital returns were notable: about $20.0 billion was returned in Q1 via repurchases and dividends. The board increased the quarterly dividend to $0.25 per share and expanded the repurchase authorization by $80.0 billion. Guidance for Q2 fiscal 2027 calls for revenue of $91.0 billion plus or minus 2% with mid‑70% gross margins, signaling continued strong demand even with no assumed Data Center compute revenue from China.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q1 FY27 Revenue $81,615 million Up 85% year over year and 20% sequentially
Q1 FY27 GAAP Net Income $58,321 million More than tripled vs. Q1 FY26
Q1 FY27 Non-GAAP Diluted EPS $1.87 per share Up 140% year over year
Q1 FY27 Data Center Revenue $75,246 million Up 92% year over year and 21% sequentially
Q1 FY27 Operating Cash Flow $50,344 million Increased from $27,414 million a year ago
Q1 FY27 Free Cash Flow $48,554 million Derived from operating cash flow minus capital expenditures and related payments
Quarterly Dividend per Share $0.25 per share Increased from $0.01 per share on May 18, 2026
Additional Buyback Authorization $80,000 million New share repurchase authorization approved without expiration
free cash flow financial
"Free cash flow is calculated as GAAP net cash provided by operating activities less both purchases related to property and equipment and intangible assets..."
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
non-GAAP gross margin financial
"Non-GAAP gross margin* was 75.0% in Q1 FY27 compared with 60.8% in Q1 FY26."
Non-GAAP gross margin is a measure of a company's profitability that shows how much money it makes from sales after subtracting the direct costs of producing its products or services, but without applying certain accounting adjustments required by standard rules. It helps investors understand the company's core earning ability by excluding items like one-time expenses or accounting changes. This metric provides a clearer picture of ongoing business performance beyond official financial reports.
Hyperscale technical
"Within Data Center, we will report two sub-markets, Hyperscale and ACIE which incorporates AI Clouds, Industrial, and Enterprise."
Hyperscale describes the ability of a system or operation to grow rapidly and handle extremely large amounts of work or data. It’s like a massive factory that can quickly expand its production capacity to meet soaring demand. For investors, hyperscale indicates a business’s potential to scale efficiently, often leading to increased growth and profitability.
forward-looking statements regulatory
"Certain statements in this CFO Commentary...are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933..."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
equity securities gains or losses financial
"GAAP other income and expense (OI&E) includes interest income, interest expense, and equity securities gains or losses."
Revenue $81,615 million +85% YoY
GAAP Net Income $58,321 million +211% YoY
Non-GAAP Net Income $45,548 million +139% YoY
Non-GAAP Diluted EPS $1.87 +140% YoY
Guidance

For Q2 FY2027, NVIDIA expects revenue of $91.0 billion plus or minus 2%, GAAP and non-GAAP gross margins of 74.9% and 75.0% respectively, and GAAP and non-GAAP tax rates between 16.0% and 18.0% for full-year fiscal 2027.

Understanding 8-K Material Events →
0001045810false00010458102026-05-202026-05-20

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________
FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 20, 2026
NVIDIA CORPORATION
(Exact name of registrant as specified in its charter)
Delaware0-2398594-3177549
(State or other jurisdiction(Commission(IRS Employer
of incorporation)File Number)Identification No.)
2788 San Tomas Expressway, Santa Clara, CA 95051
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (408) 486-2000
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.001 par value per shareNVDAThe Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02 Results of Operations and Financial Condition.
On May 20, 2026, NVIDIA Corporation, or the Company, issued a press release announcing its results for the quarter ended April 26, 2026. The press release is attached as Exhibit 99.1 and is incorporated herein by reference.
Attached hereto as Exhibit 99.2 and incorporated by reference herein is financial information and commentary by Colette M. Kress, Executive Vice President and Chief Financial Officer of the Company, regarding results for the quarter ended April 26, 2026, or the CFO Commentary. The CFO Commentary will be posted to https://investor.nvidia.com immediately after the filing of this Current Report.
The press release and CFO Commentary are furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information in this Current Report shall not be incorporated by reference in any filing with the U.S. Securities and Exchange Commission made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
 
ExhibitDescription
99.1
Press Release, dated May 20, 2026, entitled "NVIDIA Announces Financial Results for First Quarter Fiscal 2027"
99.2
CFO Commentary on First Quarter Fiscal 2027 Results
104The cover page of this Current Report on Form 8-K, formatted in inline XBRL (included as Exhibit 101)




SIGNATURE 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 NVIDIA Corporation
Date: May 20, 2026
By: /s/ Colette M. Kress
 Colette M. Kress
 Executive Vice President and Chief Financial Officer




                             nvdalogoa19a.jpg
CFO Commentary on First Quarter Fiscal 2027 Results
Q1 Fiscal 2027 Summary
GAAP
($ in millions, except earnings per share)Q1 FY27Q4 FY26Q1 FY26Q/QY/Y
Revenue$81,615$68,127$44,06220 %85 %
Gross margin74.9 %75.0 %60.5 %(0.1) pts14.4 pts
Operating expenses$7,621$6,794$5,03012 %52 %
Operating income$53,536$44,299$21,63821 %147 %
Net income$58,321$42,960$18,77536 %211 %
Diluted earnings per share
$2.39$1.76$0.7636 %214 %
Non-GAAP
($ in millions, except earnings per share)Q1 FY27Q4 FY26Q1 FY26Q/QY/Y
Revenue$81,615$68,127$44,06220 %85 %
Gross margin75.0 %75.1 %60.8 %(0.1) pts14.2 pts
Operating expenses$7,449$6,666$4,99312 %49 %
Operating income$53,783$44,474$21,80121 %147 %
Net income$45,548$38,969$19,09417 %139 %
Diluted earnings per share
$1.87$1.59$0.7818 %140 %
Revenue by Reportable Segments
($ in millions)Q1 FY27Q4 FY26Q1 FY26Q/QY/Y
Compute & Networking$74,550$61,651$39,58921 %88 %
Graphics7,0656,4764,4739 %58 %
Total$81,615$68,127$44,06220 %85 %


Revenue by Market Platform
($ in millions)Q1 FY27Q4 FY26Q1 FY26Q/QY/Y
Data Center$75,246$62,314$39,11221 %92 %
Hyperscale37,86933,81417,59912 %115 %
AI Clouds, Industrial, & Enterprise37,37728,50021,51331 %74 %
Edge Computing6,3695,8134,95010 %29 %
Total$81,615$68,127$44,06220 %85 %
We specialize in markets where our computing platforms can provide tremendous acceleration for applications. These platforms incorporate processors, interconnects, software, algorithms, systems, and services to deliver unique value.
Following the rapid evolution in our businesses, we are transitioning to a new reporting framework that better reflects our current and future growth drivers.
We will have two market platforms – Data Center and Edge Computing.
Within Data Center, we will report two sub-markets, Hyperscale and ACIE which incorporates AI Clouds, Industrial, and Enterprise. Hyperscale will include revenue from the public clouds and the world’s largest consumer internet companies, while ACIE addresses our growth opportunity in diverse AI purpose-built data centers and AI factories across industries and countries.
Edge Computing highlights devices for agentic and physical AI including PCs, game consoles, workstations, AI-RAN base stations, robotics and automotive.
Revenue
Revenue for the first quarter was a record $81.6 billion, up 85% from a year ago and up 20% sequentially.
Data Center revenue for the first quarter was a record $75.2 billion, up 92% from a year ago and up 21% sequentially, driven by the ramp of our Blackwell 300 products and demand for our InfiniBand, Spectrum-X™ Ethernet, and NVLink™ solutions. Hyperscale revenue increased sequentially and remained at approximately 50% of Data Center revenue, while the remaining 50% came from a continued diversification of customers, including AI Clouds, industrial, enterprise, and sovereign customers. No shipments of Data Center Hopper products to China occurred during the quarter, compared with $4.6 billion in the first quarter of fiscal year 2026.
Under the previous sub-markets, Data Center compute revenue was a record $60.4 billion, up 77% from a year ago and up 18% sequentially. Data Center networking revenue was a record $14.8 billion, up 199% from a year ago and up 35% sequentially.
Edge Computing revenue for the first quarter was $6.4 billion, up 29% from a year ago and up 10% sequentially. The increases were driven by robust Blackwell workstation demand, partially offset by slower consumer PC demand that was tempered by elevated memory and systems prices.
Gross Margin
GAAP and non-GAAP gross margins for the first quarter increased from a year ago on lower inventory provisions, primarily due to the prior year’s $4.5 billion charge associated with H20 excess inventory and purchase obligations. GAAP and non-GAAP gross margins were approximately flat sequentially as our Blackwell architecture remains the majority of our revenue.


Expenses
GAAP operating expenses for the first quarter were up 52% from a year ago and up 12% sequentially, and non-GAAP operating expenses were up 49% from a year ago and up 12% sequentially. These increases were driven by higher compensation and benefits expense due to employee growth and compensation increases, compute and infrastructure costs, and engineering development materials for new product developments.
Other Income & Expense and Income Tax
GAAP other income and expense (OI&E) includes interest income, interest expense, and equity securities gains or losses. Non-GAAP OI&E excludes equity securities gains or losses.
Interest income for the first quarter was $540 million, up slightly from a year ago and down slightly sequentially. Net gains from equity securities for the first quarter was $15.9 billion, driven by unrealized gains in publicly-held and non-marketable equity securities.
GAAP effective tax rate for the first quarter was 16.6%, an increase from a year ago, primarily due to a lower impact from stock-based compensation tax benefits. Non-GAAP effective tax rate for the first quarter was 16.0%.
Balance Sheet and Cash Flow
Cash, cash equivalents, and marketable debt securities were $50.3 billion, down from $52.4 billion a year ago and up from $49.7 billion a quarter ago. These changes primarily reflect higher revenue, offset by outlays for stock repurchases and strategic investments.
Accounts receivable was $40.7 billion with 45 days sales outstanding (DSO), down from 51 days sequentially, driven by timing of cash collections and customer payments received prior to next quarter’s invoice due dates. We expect our DSO to return to more normal levels next quarter.
Inventory was $25.8 billion, up from $21.4 billion sequentially, and total supply-related commitments were $119.0 billion. We have strategically secured inventory and capacity to meet demand beyond the next several quarters.
Multi-year cloud service commitments were $30.0 billion, up from $27.0 billion sequentially, to support the growing needs of our research and development efforts.
Cash flow from operating activities was $50.3 billion, up from $27.4 billion a year ago and up from $36.2 billion a quarter ago. The year-on-year increase reflects growth in revenue, while the sequential increase was driven by higher revenue and lower cash taxes. We expect a substantial increase in cash taxes in the second quarter related to estimated federal and state cash tax payments.
We returned a record level of approximately $20.0 billion to shareholders in the first quarter through share repurchases and cash dividends.
On May 18, 2026, our Board of Directors approved an increase to our quarterly dividend from $0.01 per share to $0.25 per share and an additional $80.0 billion to our share repurchase authorization, without expiration.
Outlook
Outlook for the second quarter of fiscal 2027 is as follows:
•Revenue is expected to be $91.0 billion, plus or minus 2%. We are not assuming any Data Center compute revenue from China in our outlook.
•GAAP and non-GAAP gross margins are expected to be 74.9% and 75.0%, respectively, plus or minus 50 basis points.


•GAAP and non-GAAP operating expenses are expected to be approximately $8.5 billion and $8.3 billion, respectively.
For the full year fiscal 2027, we expect GAAP and non-GAAP tax rates to be between 16.0% and 18.0%, excluding any discrete items and material changes to our tax environment.

______________
For further information, contact:
Toshiya HariMylene Mangalindan
Investor RelationsCorporate Communications
NVIDIA CorporationNVIDIA Corporation
toshiyah@nvidia.compress@nvidia.com
Non-GAAP Measures
To supplement NVIDIA’s condensed consolidated financial statements presented in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP other income (expense), net, non-GAAP net income, non-GAAP net income, or earnings, per diluted share, and free cash flow. For NVIDIA’s investors to be better able to compare its current results with those of previous periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures. These reconciliations adjust the related GAAP financial measures to exclude acquisition-related and other costs, other, gains/losses from equity securities, net, certain other income and expense, and the associated tax impact of these items where applicable. Beginning in the first quarter of fiscal 2027, NVIDIA’s non-GAAP financial measures no longer exclude stock-based compensation expense. The historical non-GAAP financial information presented has been updated to include stock-based compensation expense. Free cash flow is calculated as GAAP net cash provided by operating activities less both purchases related to property and equipment and intangible assets and principal payments on property and equipment and intangible assets. NVIDIA believes the presentation of its non-GAAP financial measures enhances the users' overall understanding of the company’s historical financial performance. The presentation of the company’s non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company’s financial results prepared in accordance with GAAP, and the company’s non-GAAP measures may be different from non-GAAP measures used by other companies.
Certain statements in this CFO Commentary including, but not limited to, statements as to: expectations with respect to growth, performance and benefits of our products, services, and technologies, including Blackwell, and related trends and drivers; expectations with respect to supply and demand for our products, services, and technologies, including Blackwell, and related matters including inventory, production and distribution; expectations with respect to our third party arrangements, including with its collaborators and partners; expectations with respect to technology developments, and related trends and drivers; our future cash dividends or other returns to stockholders, our financial and business outlook for the second quarter of fiscal 2027 and beyond; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing products and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; our ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws


and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
###
© 2026 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, Spectrum-X, and NVLink are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.



 NVIDIA CORPORATION
 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
 ($ In millions, except per share data)
 (Unaudited)
 Three Months Ended
 April 26,January 25,April 27,
 202620262025
GAAP cost of revenue$20,458 $17,034 $17,394 
GAAP gross profit$61,157 $51,093 $26,668 
  GAAP gross margin
74.9 %75.0 %60.5 %
Acquisition-related and other costs (A)47 48 123 
Other28 (1)3 
Non-GAAP cost of revenue$20,383 $16,987 $17,268 
Non-GAAP gross profit$61,232 $51,140 $26,794 
  Non-GAAP gross margin*75.0 %75.1 %60.8 %
GAAP operating expenses$7,621 $6,794 $5,030 
Acquisition-related and other costs (A)(172)(90)(37)
Other
— (38)— 
Non-GAAP operating expenses$7,449 $6,666 $4,993 
GAAP operating income$53,536 $44,299 $21,638 
Total impact of non-GAAP adjustments to operating income247 175 163 
Non-GAAP operating income*$53,783 $44,474 $21,801 
GAAP total other income, net$16,367 $6,098 $272 
(Gains) losses from equity securities, net(15,936)(5,491)175 
Other (B)26 13 1 
Non-GAAP total other income, net$457 $620 $448 
GAAP net income$58,321 $42,960 $18,775 
Total pre-tax impact of non-GAAP adjustments(15,663)(5,303)339 
Income tax impact of non-GAAP adjustments2,890 1,312 (20)
Non-GAAP net income*$45,548 $38,969 $19,094 


Diluted net income per share
GAAP$2.39 $1.76 $0.76 
Non-GAAP*$1.87 $1.59 $0.78 
Weighted average shares used in diluted net income per share computation
24,391 24,432 24,611 
GAAP net cash provided by operating activities$50,344 $36,190 $27,414 
Purchases related to property and equipment and intangible assets(1,757)(1,284)(1,227)
Principal payments on property and equipment and intangible assets(33)(4)(52)
Free cash flow$48,554 $34,902 $26,135 
*Includes H20 charges/(releases), net, which was $4.5 billion for the first quarter of fiscal 2026, insignificant for the fourth quarter of fiscal 2026, and none for the first quarter of fiscal 2027.
(A) Acquisition-related and other costs are comprised of amortization of intangible assets, transaction costs, and certain compensation charges and are included in the following line items:
Three Months Ended
 April 26,January 25,April 27,
 202620262025
Cost of revenue$47 $48 $123 
Research and development$167 $83 $28 
Sales, general and administrative$5 $7 $9 
(B) Comprised of interest expense related to acquisition consideration discount to be paid in the future, dividend income on equity securities, share of net (earnings)/losses related to equity method investments, and amortization of debt discount.


 NVIDIA CORPORATION
 RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK
 Q2 FY2027 Outlook
($ in millions)
GAAP gross margin74.9 %
Impact of acquisition-related costs and other costs0.1 %
Non-GAAP gross margin75.0 %
GAAP operating expenses$8,500 
Acquisition-related costs and other costs(200)
Non-GAAP operating expenses$8,300 


Source: View Original Filing on SEC EDGAR

FAQ

How did NVIDIA (NVDA) perform financially in Q1 fiscal 2027?

NVIDIA reported record Q1 FY27 revenue of $81.6 billion, up 85% year over year and 20% sequentially. GAAP net income was $58.3 billion with diluted EPS of $2.39, while non‑GAAP diluted EPS reached $1.87, up 140% year over year.

What drove NVIDIA’s Data Center and Edge Computing results in Q1 FY27?

Data Center revenue was a record $75.2 billion, up 92% year over year, fueled by Blackwell 300 products and networking solutions like InfiniBand and Spectrum‑X. Edge Computing revenue reached $6.4 billion, rising 29% year over year on strong Blackwell workstation demand despite softer consumer PC demand.

What guidance did NVIDIA give for Q2 fiscal 2027?

For Q2 FY27, NVIDIA expects revenue of $91.0 billion, plus or minus 2%. GAAP and non‑GAAP gross margins are projected at 74.9% and 75.0%, respectively, with GAAP operating expenses around $8.5 billion. The outlook assumes no Data Center compute revenue from China.

How much cash flow and free cash flow did NVIDIA generate in Q1 FY27?

NVIDIA generated $50.3 billion in net cash from operating activities in Q1 FY27, up strongly from a year earlier. After capital expenditures and related payments, free cash flow was $48.6 billion, reflecting high profitability and efficient cash conversion from its expanding AI-focused businesses.

What changes did NVIDIA make to shareholder returns in this period?

NVIDIA returned about $20.0 billion to shareholders in Q1 FY27 through share repurchases and dividends. The board increased the quarterly dividend from $0.01 to $0.25 per share and added $80.0 billion to the company’s share repurchase authorization, with no expiration.

What are NVIDIA’s key non-GAAP adjustments and how did they affect results?

NVIDIA’s non‑GAAP metrics exclude acquisition-related and other costs, equity securities gains or losses, and associated tax impacts. In Q1 FY27, these adjustments reduced GAAP net income of $58.3 billion to non‑GAAP net income of $45.5 billion, and diluted EPS from $2.39 to $1.87.

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