Nvidia Reports Record Earnings for Q1 Fiscal 2027
Nvidia (NASDAQ: NVDA) reported record revenue exceeding $81 billion and a 211% increase in net income to $58 billion in its fiscal Q1 2027 earnings, released after market close on May 20. This marks the third consecutive quarter of year-over-year growth and surpasses analysts’ expectations. The company also reported a gross margin of 74%.
CEO Jensen Huang highlighted the strong demand for its Blackwell platform, with hundreds of thousands of GPUs currently utilized by hyperscalers and model creators. Looking ahead, Nvidia expressed “full confidence” in generating $1 trillion in revenue from the Blackwell and upcoming Rubin platforms from 2025 to 2027. The Vera Rubin system is expected to begin shipping in Q3 2027, further enhancing Nvidia’s position in the AI market.
This impressive report comes amidst a history of Nvidia shares fluctuating post-earnings; over the past 12 reports, the stock has fallen seven times in the following five trading days, but has seen an overall upward trend in the six months following past earnings, including significant gains after previous quarterly reports.
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