Exceptional Blackwell demand supports accelerating revenue, while supply, China, and rising expenses remain key execution risks.
| Quarter | Q1 FY27 |
|---|---|
| Call date | 2026-05-21 |
| Length | 60 minutes |
| EPS | $1.87 |
| EPS consensus | $1.70 |
| Revenue | $81.6B |
| Revenue consensus | $78.4B |
NVIDIA reported first-quarter revenue of $82 billion, up 85% year over year and 20% sequentially. Data center revenue reached $75 billion, up 92% year over year, driven by Blackwell. Management guided second-quarter revenue to $91 billion plus or minus 2% and forecast $1 trillion of Blackwell and Rubin revenue from 2025 through calendar 2027. China data center compute revenue remains excluded from the outlook because imports remain uncertain.
What changed, guidance prior to now, analyst Q&A candor and the case for and against are part of Core.
Other quarters: Q2 FY27 · Q4 FY26 · Q3 FY26 · Q2 FY26 · Q1 FY26 · Q1 FY25
Read the full Q1 FY27 earnings call transcript
All NVDA earnings · Back to NVDA overview
Transcript produced by Signals.AI from the company's own earnings call audio. Not personalized investment advice.