NVDA
FY2027 Q1 · Calendar Q2 2026
NVIDIA Corporation
NVIDIA's Q1 FY2027 results reinforce the AI infrastructure supercycle thesis, with revenue of $81.6B beating consensus by 4.1% and EPS of $1.87 beating by 6.3%. Data-center revenue accelerated to 92% YoY growth, up from 75% in the prior quarter. The launch of the Vera CPU platform opens an estimated $200B TAM beyond GPUs, and a new reporting segmentation (Hyperscale vs. ACIE) provides investors with clearer workload visibility. Despite the beat, the stock declined 1.97% on the report with 4.95% subsequent drift, suggesting expectations were elevated. Q2 guidance of $91B implies continued sequential growth. Capital returns were boosted with an $80B share-repurchase authorization and a dividend increase to $0.20/share. At $196.51, the stock trades well below the analyst consensus target of $319.48, reflecting both the recent pullback and the wide dispersion in targets ($218 to $500).
EPS surprise+6.3%
Market move-1.8%
