Nvidia Beats Earnings, Forecasts $91B Next Quarter
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- Nvidia reported Q1 FY2027 revenue of $81.6 billion, beating estimates of $79.15 billion, with data center revenue reaching $75.2 billion versus a $73.49 billion forecast
- Nvidia announced a $80 billion stock buyback authorization and increased its quarterly dividend from 1 cent to 25 cents per share
- Nvidia projected Q2 revenue of $91.0 billion, significantly above the $87.2 billion estimate, citing strong demand for AI computing
- Jensen Huang reaffirmed his forecast that demand for Nvidia's advanced chips will exceed $1 trillion by the end of 2027, driven by the rise of 'agentic AI' with billions of autonomous agents
- Colette Kress stated Nvidia shipped no Hopper data center chips to China in the quarter, down from $4.6 billion a year earlier, with no revenue yet from approved H200 shipments
- Nvidia reported its Middle East operations and supply chain have not been significantly impacted by the Iran conflict, though warned of potential risks if the situation escalates
Why it matters: Nvidia’s earnings beat and aggressive capital return signal sustained dominance in AI chips, but its exclusion from China—once expected to be a $50 billion market—and rising competition from AMD, Amazon, and Google create strategic pressure despite near-term strength.
