Nvidia Corp. delivered another blockbuster earnings report for the first quarter of fiscal 2027, crushing analyst estimates as demand for its high-end AI chips continues to surge.
Adjusted earnings came in at $1.87 per share, beating the $1.76 consensus. Revenue hit $81.62 billion, up 85% from a year ago and well above the $78.86 billion forecast. Net income more than tripled to $58.32 billion.
“The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed,” said CEO Jensen Huang.
Data center revenue alone jumped 92% to $75.2 billion, now representing over 90% of total sales. Hyper scalers accounted for more than half of that at over $38 billion. The remaining $37 billion came from the ACIE segment-AI clouds, industrial and enterprise markets-which tripled year over year.
Looking ahead, Nvidia forecast Q2 revenue of $91 billion, topping the $87.39 billion analyst estimate.
Huang highlighted early demand for the next-generation Vera Rubin rack-scale system, promising it will outperform the current Grace Blackwell architecture. The system delivers 10x more performance per watt. CFO Colette Kress also positioned Nvidia as a future leading CPU supplier, targeting a $200 billion addressable market, with CPUs expected to generate $20 billion in sales this year.
Despite the strong numbers, shares traded flat in extended trading, as some investors worried whether the AI rally can sustain into 2027 and 2028. Analyst Jacob Bourne noted the beat was already priced in, while questions persist about demand durability amid rising competition from Google, Amazon, AMD, and Intel.
Nvidia also announced an $80 billion share buyback and a dividend increase to $0.25 per share.