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Full earnings analysis

Research updated: Jul 11, 2026, 12:00 AM UTC

NVIDIA (NVDA) FY2027 Q1

NVIDIA's latest completed quarter was fiscal 2027 Q1, ended April 26, 2026, led by demand for AI infrastructure, data-center compute, and networking.

Reported outcomes

Revenue
$81.615 billion
Up 85% year over year
Data Center revenue
$75.2 billion
Up 92% year over year
GAAP diluted EPS
$2.39
Up 214% year over year
GAAP gross margin
74.9%
60.5% in Q1 FY2026

Management guidance

  • For Q2 fiscal 2027, NVIDIA expected revenue of $91.0 billion, plus or minus 2%, and assumed no Data Center compute revenue from China.

Risks that still need monitoring

  • China export restrictions

    Export restrictions materially limit NVIDIA's ability to serve China and may create inventory or product-design costs.

  • Advanced supply-chain dependence

    Reliance on third-party manufacturing, advanced packaging, and a concentrated supplier base exposes shipments to capacity constraints.

  • Customer and competitive concentration

    Customer concentration, competing accelerators, and internally developed cloud-provider chips could weaken pricing or demand.

Market reaction

-0.50%

2026-05-19 $220.61 → 2026-05-21 $219.51

Method: previous trading-day close to the first full trading-day close after the announcement.

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Primary sources

NVIDIA Announces Financial Results for First Quarter Fiscal 2027NVIDIA Corporation · earningsVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

Published: May 20, 2026, 12:00 AM

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NVIDIA Investor RelationsNVIDIA Corporation · companyVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

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NVIDIA SEC FilingsNVIDIA Corporation · filingVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

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NVDA editorial research profileAlphaVue Research · editorialVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

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