Nvidia Q1 Earnings: Revenue Jumps 85% To $81.6 Billion; Announces $80 Billion Buyback

Advanced chip-maker Nvidia reported that its revenue jumped 85 percent year-on-year to $81.6 billion in the first quarter of fiscal 2027, suggesting a strong AI momentum intact.

The company saw a sharp revenue growth in Data Center bases, where it jumped to $75.2 billion, up by 92 percent from a year ago.

The revenue surge from Data Centres came given that Nvidia announced the NVIDIA Vera Rubin platform, including the NVIDIA Vera CPU, the world’s first processor purpose-built for agentic AI, and NVIDIA BlueField®-4 STX, accelerated storage infrastructure for agentic AI factories.

The company also expanded its collaboration with Google Cloud to advance agentic and physical AI, including new NVIDIA Vera Rubin-powered A5X instances and a preview of

Google Gemini models on Google Distributed Cloud running on NVIDIA Blackwell and Blackwell Ultra GPUs.

“The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” said Jensen Huang, founder and CEO of NVIDIA.

Nvidia shares surged 1.30 percent to end at $223.47.

$80 Billion Buyback Announced

Moreover, Nvidia board had approved an additional $80.0 billion to the Company’s share repurchase authorization.

During the first quarter of fiscal 2027, NVIDIA returned a record level of approximately $20.0 billion to shareholders in the form of shares repurchased and cash dividends. As of the end of the first quarter, the company had $38.5 billion remaining under its share repurchase authorization.

NVIDIA is increasing its quarterly cash dividend from $0.01 per share to $0.25 per share of common stock, which will be paid on June 26, 2026, to all shareholders of record on June 4, 2026.

Nvidia’s Outlook

Nvidia is expecting that the AI momentum continues for the second quarter of fiscal 2027, with revenue expectation around $91 billion, plus or minus 2 percent. However, NVIDIA is not assuming any Data Center compute revenue from China in its outlook.

On the GAAP and non-GAAP front, 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.