NVIDIA clocks record breaking $81 billion revenue powered by AI wave

NVIDIA delivered record-breaking first-quarter FY27 outcomes, with revenue hovering to $81.6 billion on the again of robust demand for its knowledge centre enterprise and AI-related choices. The corporate reported an 85% bounce in revenue from the identical quarter final 12 months, whereas quarterly revenue additionally grew 20% sequentially, pushed largely by continued growth in its knowledge centre operations.The information centre enterprise remained the largest contributor to the quarter’s efficiency, bringing in $75.2 billion in revenue. Nvidia mentioned that the section recorded a 92% enhance year-on-year and a 21% rise from the earlier quarter. Primarily based on the corporate’s earlier reporting classes, knowledge centre compute revenue got here in at $60.4 billion, whereas networking revenue climbed 199% from final 12 months to $14.8 billion.Alongside the earnings announcement, Nvidia mentioned that it’s altering the way in which it reviews its enterprise segments. The corporate will now function underneath two foremost platforms: Information Middle and Edge Computing.Below the revised construction, the Information Middle platform will probably be divided into Hyperscale and ACIE. Nvidia mentioned Hyperscale will embody public cloud suppliers and huge shopper web corporations, whereas ACIE will cowl AI Clouds, Industrial and Enterprise companies.The corporate added that the Edge Computing platform will give attention to applied sciences linked to agentic and bodily AI, together with robotics, private computer systems, workstations and automotive merchandise.“The buildout of AI factories — the biggest infrastructure growth in human historical past — is accelerating at extraordinary pace,” mentioned Jensen Huang, founder and CEO of NVIDIA.“Agentic AI has arrived, doing productive work, producing actual worth and scaling quickly throughout corporations and industries. NVIDIA is uniquely positioned on the heart of this transformation as the one platform that runs in each cloud, powers each frontier and open supply mannequin, and scales in every single place AI is produced — from hyperscale knowledge facilities to the sting,” Huang added.Nvidia reported a GAAP gross margin of 74.9% for the quarter, whereas non-GAAP gross margin stood at 75.0%. GAAP diluted earnings per share have been reported at $2.39, in contrast with non-GAAP diluted earnings per share of $1.87.Through the quarter, the corporate returned almost $20.0 billion to shareholders by way of dividends and share repurchases. Nvidia additionally accepted an extra $80.0 billion for its share buyback programme after the quarter ended.The board additional cleared an increase within the quarterly money dividend from $0.01 per share to $0.25 per share. The dividend cost is scheduled for June 26, 2026.For the second quarter of fiscal 2027, Nvidia mentioned it expects revenue of round $91.0 billion, with a attainable variation of two% on both facet.“Revenue is predicted to be $91.0 billion, plus or minus 2%. NVIDIA will not be assuming any Information Middle compute revenue from China in its outlook,” the corporate mentioned.The corporate additionally mentioned second-quarter GAAP and non-GAAP gross margins are anticipated to stay at 74.9% and 75.0% respectively. Nvidia estimated its full-year tax charge to be within the vary of 16.0% to 18.0%.