NVIDIA Corporation Q1 FY2027 Earnings Call

· Earnings call transcript and AI-powered summary

NVIDIA Q1 FY2027 Earnings Summary

Date: May 20, 2026 | Period: Q1 FY2027 (ended ~April 2026)

Financial Performance Highlights

  • Total Revenue: $82B (record), +85% YoY, +20% QoQ (vs. Q1 FY2026 and Q4 FY2026). 14th consecutive quarter of sequential growth; third consecutive quarter of YoY acceleration.
  • Data Center Revenue: $75B, +92% YoY, +21% QoQ. Driven by Blackwell ramp (fastest product ramp in company history).
  • Free Cash Flow: $49B (record), up from $35B in Q4 FY2026.
  • Gross Margins: GAAP 74.9%, non-GAAP 75% (largely flat QoQ).
  • Shareholder Returns: Record $20B returned via dividends and buybacks.
  • Edge Computing Revenue: $6.4B, +29% YoY, +10% QoQ.

Data Center Breakdown (New Segmentation)

  • Hyperscale: $38B (~50% of Data Center), +12% QoQ. Includes public cloud and largest consumer internet companies.
  • ACIE (AI Clouds, Industrial, Enterprise): $37B, +31% QoQ; AI cloud revenue more than tripled YoY. Sovereign revenue +80% YoY; deployed in ~40 countries ($50T GDP).
  • Blackwell (GB300/NVL72) deployments: Hundreds of thousands of GPUs at hyperscalers and frontier model builders. Spectrum-X Ethernet platform now larger than all peers combined. InfiniBand +4x YoY.

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Operator: Good afternoon. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to NVIDIA's First Quarter Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number 1 on your telephone keypad. If you would like to withdraw your question, press star 1 again. Thank you. Toshiya Hari, you may begin your conference. Toshiya Hari: Thank you, and good afternoon, everyone. Welcome to NVIDIA's conference call for the 2027. With me today from NVIDIA are Jensen Huang, president and chief executive officer and Colette Kress, executive vice president and chief financial officer. Our call is being webcast live on NVIDIA's investor relations website. The webcast will be available for replay until the conference call to discuss our financial results for the 2027. The content of today's call is NVIDIA's property. It cannot be reproduced or transcribed without our prior written consent. During this call, we may make forward looking statements based on current expectations. These are subject to a number of significant risks and uncertainties and our actual results may differ materially. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release, our most recent

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