NVIDIA Posts $81.6 Billion Quarter And Splits Into Two Reporting Platforms
Q1 FY2027 results, Data Center and Edge Computing reclassification, networking revenue surge, Hyperscale and ACIE segmentation, China compute guidance, $80 billion buyback authorization
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NVIDIA reported first-quarter fiscal 2027 revenue of $81.6 billion.
The quarter ended April 26, 2026.
Revenue rose 85 percent year over year and 20 percent sequentially and exceeded the Wall Street consensus of approximately $78.8 billion.
The result marked the company’s twelfth consecutive record quarter.
Data Center And Edge Computing Reclassification
NVIDIA replaced its prior end-market segmentation with a two-platform reporting structure. The two platforms are Data Center and Edge Computing.
Data Center revenue reached $75.2 billion, up 92 percent year over year and 21 percent sequentially. Edge Computing revenue reached $6.4 billion, up 29 percent year over year.
Data Center now accounts for 92 percent of total revenue.
Within Data Center, the company introduced two sub-markets. Hyperscale covers public cloud and large consumer internet. ACIE covers AI clouds, industrial, and enterprise.
Compute And Networking Revenue Detail
Data Center compute revenue reached $60.4 billion, up 77 percent year over year.
Networking revenue reached $14.8 billion, up 199 percent year over year and 35 percent sequentially.
Hyperscale revenue and ACIE revenue stood at $37.9 billion and $37.4 billion respectively, a near-even split of the Data Center platform.
Margins, Cash Flow, And Capital Return
GAAP gross margin was 74.9 percent, an increase of 14.4 percentage points from the year-ago quarter. GAAP operating income reached $53.5 billion.
GAAP net income was $58.3 billion, supported by $15.9 billion in gains on equity securities. Free cash flow reached $48.6 billion.
NVIDIA returned approximately $20.0 billion to shareholders through buybacks and dividends. On May 18, 2026, the Board approved an additional $80 billion share repurchase authorization with no expiration date.
The Board also raised the quarterly cash dividend from $0.01 to $0.25 per share, payable June 26, 2026.
China Exposure And Forward Guidance
NVIDIA shipped no Hopper data center products to China during the quarter, compared with $4.6 billion in the year-ago period.
The company’s second-quarter guidance assumes no Data Center compute revenue from China.
NVIDIA guided second-quarter fiscal 2027 revenue to $91.0 billion, plus or minus 2 percent, above the prior Street estimate of approximately $87.2 billion.
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