NVIDIA (NVDA) Q1 2027 Financial Results Summary

On May 20, 2026, NVIDIA (NASDAQ: NVDA) announced its financial results for the first quarter ended April 26, 2026. The company reported record financial performance across multiple metrics, reflecting a robust growth trajectory, particularly in its Data Center business.

Key Financial Highlights

• Revenue:
  • Total Revenue: $81.6 billion
    • Up 20% from the previous quarter
    • Up 85% from Q1 2026
  • Data Center Revenue: $75.2 billion
    • Up 21% from the previous quarter
    • Up 92% from Q1 2026
  • GAAP Gross Margin: 74.9% (decrease of 0.1 percentage points year-over-year)
  • Non-GAAP Gross Margin: 75.0% (decrease of 0.1 percentage points year-over-year)
• Earnings:
  • GAAP Earnings per Diluted Share: $2.39
    • Up 36% from the previous quarter
    • Up 214% from Q1 2026
  • Non-GAAP Earnings per Diluted Share: $1.87
    • Up 21% from the previous quarter
    • Up 147% from Q1 2026
• Return to Shareholders:
  • NVIDIA returned approximately $20 billion to shareholders through share repurchases and dividends.
  • Approved an additional $80.0 billion share repurchase authorization.
  • Increased quarterly cash dividend from $0.01 per share to $0.25 per share, to be paid on June 26, 2026.

Operational Metrics

• Operating Income:
  • GAAP Operating Income: $53.5 billion (up 21% from the previous quarter; up 147% from Q1 2026)
  • Non-GAAP Operating Income: $44.0 billion (up 21% from the previous quarter; up 147% from Q1 2026)
• Net Income:
  • GAAP Net Income: $58.3 billion (up 36% from Q4 2026; up 211% from Q1 2026)
  • Non-GAAP Net Income: $45.0 billion (up 17% from Q4 2026; up 139% from Q1 2026)

Segment Performance

• Data Center:
  • Q1 revenue: $75.2 billion
  • Growth attributed to the increasing demand for AI and accelerated computing solutions.
• Edge Computing:
  • Q1 revenue: $6.4 billion
    • Up 10% from the previous quarter
    • Up 29% from Q1 2026
  • Continued enhancements in AI technology and partnerships with automotive and telecommunications companies lead growth.

Strategic Developments

• Introduced new platforms and technologies to enhance AI capabilities:
  • NVIDIA Vera Rubin platform to boost agentic AI processes.
  • NVIDIA Dynamo 1.0 open-source software set to improve processing on NVIDIA Blackwell GPUs.
• Partnerships expanded with significant players like Google Cloud and Hyundai Motor Company to drive innovation in AI-driven technologies.

Outlook for Next Quarter

• Revenue Forecast: Expected to range around $91.0 billion, plus or minus 2%.
• Gross Margins: Expected GAAP and non-GAAP gross margins are anticipated around 74.9% and 75.0%, respectively, with minor potential fluctuations.
• Operating Expenses: Estimated to be approximately $8.5 billion and $8.3 billion for GAAP and non-GAAP, respectively.

Conclusion

NVIDIA's financial results for Q1 FY 2027 exemplify its strong market position, mainly fueled by the surge in data center demand and innovative AI solutions. The company is poised for significant future growth with continued investments and strategic collaborations.

For further details on NVIDIA's prospects, a conference call and webcast were planned following the report’s release.

Here are the extracted tables in Markdown format:

Note: All amounts in the following tables are in millions.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In millions, except per share data)

	Three Months Ended	April 26, 2026	April 27, 2025
Revenue	$81,615	$44,062
Cost of revenue	$20,458	$17,394
Gross profit	$61,157	$26,668
Operating expenses
Research and development	$6,321	$3,989
Sales, general and admin	$1,300	$1,041
Total operating expenses	$7,621	$5,030
Operating income	$53,536	$21,638
Interest income	$540	$515
Interest expense	$-102	$-63
Other income (expense), net	$15,929	$-180
Total other income, net	$16,367	$272
Income before income tax	$69,903	$21,910
Income tax expense	$11,582	$3,135
Net income	$58,321	$18,775
Net income per share:
Basic	$2.40	$0.77
Diluted	$2.39	$0.76
Weighted average shares used in per share computation
Basic	24,286	24,441
Diluted	24,391	24,611

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

	April 26, 2026	January 25, 2026
ASSETS
Current assets:
Cash and cash equivalents	$13,237	$10,605
Marketable debt securities	$37,098	$39,065
Marketable equity securities	$30,237	$12,886
Accounts receivable, net	$40,710	$38,466
Inventories	$25,797	$21,403
Prepaid expenses and other current	$3,916	$3,180
Total current assets	$150,995	$125,605
Property and equipment, net	$12,403	$10,383
Operating lease assets	$4,258	$2,867
Goodwill	$20,894	$20,832
Intangible assets, net	$3,120	$3,306
Deferred income tax assets	$11,707	$13,258
Non-marketable securities	$43,364	$22,251
Other assets	$12,733	$8,301
Total assets	$259,474	$206,803
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$13,097	$9,812
Accrued and other current liabilities	$29,787	$21,352
Short-term debt	$1,000	$999
Total current liabilities	$43,884	$32,163
Long-term debt	$7,470	$7,469
Long-term operating lease liabilities	$3,878	$2,572
Other long-term liabilities	$8,768	$7,306
Total liabilities	$64,000	$49,510
Shareholder equity	$195,474	$157,293
Total liabilities and shareholders' equity	$259,474	$206,803

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