Nvidia Reports Record Q1 Revenue Amid AI Demand
Nvidia (NASDAQ: NVDA) announced record revenue of $81.6 billion for its fiscal first quarter ending April 26, 2027, marking an 85% year-over-year increase and a 20% increase from the previous quarter. Adjusted earnings per share soared to $1.87, a 140% rise, outperforming analyst expectations of $79.12 billion in revenue and $1.77 EPS. The data center segment, which includes AI and cloud computing technologies, generated $75.2 billion, up 92% year-over-year.
The company projected second-quarter revenue of $91 billion, representing a 95% year-over-year growth. Despite concerns over competition, Nvidia’s CFO noted the transition to a new reporting structure reflecting ongoing AI-driven growth. Additionally, Nvidia announced an increase in dividends to $0.25 per share and a significant $80 billion share buyback program.
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