NVIDIA Corporation (NVDA) Reports Q1 Fiscal Year 2027 Results: Revenue of $81.6 Billion, Up 85% Year-over-Year
NVIDIA's 10-Q for the quarter ended April 26, 2026 discloses record quarterly revenue of $81.6 billion, net income of $58.3 billion, and a gross margin of 74.9%, driven primarily by continued Blackwell platform ramp in the Data Center segment.
Sourced from the primary SEC filing. 10-Q filed May 20, 2026 · SEC EDGAR ↗
Summary
NVIDIA Corporation filed its Form 10-Q for the first fiscal quarter of 2027 (the three months ended April 26, 2026), reporting revenue of $81.6 billion — an 85% increase year-over-year and 20% sequentially — with net income of $58.3 billion. The Compute & Networking segment, which encompasses Data Center accelerated computing and AI solutions, contributed $74.6 billion of that revenue, representing 88% year-over-year growth. The filing also discloses substantial investment commitments, concentrated customer exposure, ongoing litigation, and a newly announced $80 billion share repurchase authorization, all of which are material to understanding the company's reported financial position and disclosed risk profile.
Key metrics
Quarter ended April 26, 2026; up 20% sequentially from Q4 FY2026.
Includes semiconductor, wafer, assembly, testing, packaging, and related costs.
Compared to 60.5% in FY2026 Q1; improved primarily due to non-recurrence of $4.5B H20 excess inventory charge in the prior year.
Up 21% sequentially; driven by Blackwell 300 product ramp and networking solutions.
Approximately 50% of Data Center revenue.
Up 10% sequentially; driven by Blackwell workstation demand.
Above 14.3% in FY2026 Q1; lower than U.S. federal statutory rate of 21%.
Includes $27.4B subject to short-term lock-up restrictions.
Total repurchase cost was $20.2 billion.
$0.01 per common share; board approved increase to $0.25/share effective June 2026.
Board approved an additional $80.0B repurchase authorization on May 18, 2026.
$95B to be paid in the remainder of FY2027.
Expected to be recognized over a weighted average period of 2.6 years for RSUs/PSUs.
Compared to $2.3B in FY2026 Q1.
Compared to $3.0B in FY2026 Q1.
No Hopper shipments to China in Q1 FY2027; prior year comparable was $4.6B.
Compared to 42% in FY2026 Q1.
Primarily driven by unrealized gains on publicly-held and non-marketable equity securities.
No amounts outstanding as of the filing date.
Expected to commence between Q2 FY2027 and FY2033; lease terms of 3 to 20 years.
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