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GPU giant NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported stronger-than-expected earnings and revenues for the first quarter of fiscal 2027.
First-quarter revenue increased to $81.6 billion from $44.1 billion in the prior-year period, benefiting from continued strong growth in Data Center revenues. The top-line exceeded Wall Street’s expectations.
Adjusted earnings, excluding one-off items, rose sharply to $1.87 per share in the first quarter from $0.78 per share a year earlier, beating estimates. On a reported basis, the company posted a net income of $58.3 billion or $2.39 per share for Q1, compared to $18.8 billion or $0.76 per share in the year-ago quarter.
Jensen Huang, NVIDIA’s CEO, said, “Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries. NVIDIA is uniquely positioned at the center of this transformation as the only platform that runs in every cloud, powers every frontier and open source model, and scales everywhere AI is produced — from hyperscale data centers to the edge.”
During the quarter, the company announced $80.0 billion additional share repurchase authorization and increased its quarterly cash dividend from $0.01 per share to $0.25 per share.
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