Nvidia Reports Record Q1 FY27 Revenue of $81.6 Billion Driven by Data Center Business
Nvidia's Q1 FY27 revenue reached $81.6 billion, an 85% year-over-year increase, driven largely by data center revenue growth. The company forecasts Q2 revenue of approximately $91 billion, excluding any contributions from China.
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Nvidia reported Q1 FY27 revenue of $81.6 billion, an 85% increase from the previous year, driven primarily by its data center segment, which achieved $75.2 billion in revenue. The company is transitioning to a new reporting framework centered on Data Center and Edge Computing, with data center compute revenue reaching $60.4 billion and networking revenue growing 199% year-over-year to $14.8 billion.
Nvidia's GAAP net income surged 211% to $58.3 billion, with gross margins at 74.9% and earnings per share at $2.39. For Q2 FY27, Nvidia projects revenue of $91 billion, excluding contributions from China, indicating strong growth potential but also the risk of geopolitical impacts on revenue streams.
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