NVIDIA Corporation (NVDA) reported a significant increase in first-quarter revenues, rising 85% year-over-year to $81.6 billion for fiscal 2027. The company’s non-GAAP earnings reached $1.87 per share, surpassing Zacks Consensus Estimates of $1.77 by 10%. Sales were also above expectations, beating the estimate of $78.4 billion by 3.63%. The primary growth driver was the Data Center segment, where revenues climbed 92% to $75.2 billion.
In its earnings call, NVIDIA’s management highlighted a new reporting structure focusing on broader AI demand across hyperscalers, AI-native clouds, and enterprises. The company expects second-quarter revenues of approximately $91 billion, and total supply commitments rose to $145 billion in response to increased customer demands.
NVIDIA is also expanding its market reach with its new CPU, Vera, anticipated to generate nearly $20 billion this year. The Edge Computing sector showed growth with revenues of $6.4 billion, up 29% year-over-year, reinforcing NVIDIA’s commitment to advancing its presence in AI, robotics, and autonomous systems.
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