NVIDIA reported record revenue of $81.6 billion for the first quarter of fiscal 2027, an 85% increase from the same period a year earlier and a 20% increase from the previous quarter. The company’s data center business generated $75.2 billion in revenue, up 92% year over year.
GAAP earnings per diluted share were $2.39, while non-GAAP earnings per diluted share were $1.87. Gross margin for the quarter was 74.9% on a GAAP basis and 75.0% on a non-GAAP basis.
Chief Executive Officer Jensen Huang said demand for AI infrastructure continued to expand as companies increased investment in large-scale computing systems. The company also said it returned approximately $20 billion to shareholders during the quarter through stock repurchases and dividends.
Nvidia’s board approved an additional $80 billion share repurchase authorization and increased the quarterly cash dividend from $0.01 per share to $0.25 per share.
For the second quarter of fiscal 2027, Nvidia forecast revenue of approximately $91 billion, plus or minus 2%. The company said the outlook assumes no data center compute revenue from China because of export restrictions.
The company said demand for its AI computing platforms, including the Vera processor and Rubin systems, continued to grow among cloud providers and enterprise customers. Huang said Nvidia expects strong demand for AI infrastructure through 2027.
