10-QPeriod: Q1 FY2027

NVIDIA CORP Quarterly Report for Q1 Ended Apr 26, 2026

Filed May 20, 2026For Securities:NVDA

Summary

NVIDIA Corporation's first quarter fiscal year 2027 (ending April 26, 2026) report demonstrates exceptionally strong performance, with revenue soaring to $81.6 billion, an 85% increase year-over-year. This growth was primarily fueled by the Compute & Networking segment, which saw a significant 88% jump, largely driven by their Data Center products, including the ramp-up of Blackwell systems and strong demand for their networking solutions. The company's gross margin expanded considerably to 74.9%, up from 60.5% in the prior year, benefiting from a reduction in inventory provisions compared to the prior period's significant charge. Net income skyrocketed by 211% year-over-year to $58.3 billion, resulting in a diluted EPS of $2.39. NVIDIA continues to be a dominant player in the AI infrastructure space, with significant investments in private companies and infrastructure funds. The company also announced an additional $80 billion share repurchase authorization and increased its quarterly dividend to $0.25 per share. While facing ongoing geopolitical risks and supply chain complexities, NVIDIA's financial strength and market position remain robust, underscoring its critical role in the advancement of AI and accelerated computing.

Financial Highlights

52 data points
Beta

Revenue

$81.61B

74.9% Gross Margin

Net Income

$58.32B

71.5% Net Margin

EPS (Diluted)

$2.39

Total Assets

$259.47B

Cash & Equivalents

$13.24B

Free Cash Flow

$50.34B

Financial Statements
Beta
Revenue$81.61B
Cost of Revenue$20.46B
Gross Profit$61.16B
R&D Expenses$6.32B
SG&A Expenses$1.30B
Operating Expenses$7.62B
Operating Income$53.54B
Net Income$58.32B
EPS (Basic)$2.40
EPS (Diluted)$2.39
Shares Outstanding (Basic)24.29B
Shares Outstanding (Diluted)24.39B

Key Highlights

  • 1Revenue reached $81.6 billion, an 85% increase year-over-year, significantly exceeding prior year performance.
  • 2Net income surged by 211% year-over-year to $58.3 billion, with diluted EPS at $2.39.
  • 3Gross margin improved substantially to 74.9% from 60.5% year-over-year, driven by lower inventory provisions.
  • 4The Compute & Networking segment, particularly Data Center products, showed immense strength with revenue up 88% year-over-year.
  • 5NVIDIA announced an additional $80 billion share repurchase authorization and increased its quarterly dividend to $0.25 per share.
  • 6Significant investments of $18.6 billion were made in private companies and infrastructure funds, highlighting strategic expansion in the AI ecosystem.
  • 7The company reported substantial growth in Edge Computing revenue, up 29% year-over-year, indicating diversification beyond data centers.

Frequently Asked Questions

NVIDIA's substantial revenue growth of 85% year-over-year to $81.6 billion was primarily driven by strong demand for its Data Center products, including the new Blackwell systems and networking solutions within the Compute & Networking segment. The company also saw significant growth in its Edge Computing segment.

Profitability has seen a dramatic improvement. Net income increased by 211% year-over-year to $58.3 billion, and gross margin expanded significantly to 74.9% from 60.5% in the prior year. This improvement was partly due to a reduction in inventory provisions compared to a large charge in the prior year's first quarter.

NVIDIA announced an additional $80 billion share repurchase authorization, signaling confidence in its future and commitment to returning capital to shareholders. They also increased their quarterly cash dividend to $0.25 per share. Strategically, the company invested $18.6 billion in private companies and infrastructure funds to further bolster its AI ecosystem.

NVIDIA highlighted several risks, including the ongoing geopolitical environment and potential impacts on its global supply chain, particularly concerning export controls and their effect on sales to certain regions like China. They also noted challenges in accurately forecasting demand due to long manufacturing lead times and the complexity of introducing new architectures concurrently, which could lead to supply-demand mismatches and impact gross margins. Competition and potential reliance on third-party platforms were also mentioned.