NVIDIA Breaks More Records in Fiscal Q1

NVIDIA reported a record revenue for the first quarter of fiscal year 2027 that ended April 26, 2026, of $81.6 billion. The revenue was up 20% from the previous quarter and up 85% from a year ago. Gross margin was at 74.9%, as earnings per diluted share were at $2.39. Net income jumped 211% YoY to $58.3 billion.

“The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” said Jensen Huang, founder and CEO of NVIDIA. “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 first quarter of fiscal 2027, NVIDIA returned a record level of approximately $20 billion to shareholders in the form of shares repurchased and cash dividends. As of the end of the first quarter, the company had $38.5 billion remaining under its share repurchase authorization. On May 18, 2026, the Board of Directors approved an additional $80 billion to the company’s share repurchase authorization, without expiration. NVIDIA is increasing its quarterly cash dividend from $0.01 per share to $0.25 per share of common stock, which will be paid on June 26, 2026, to all shareholders of record on June 4, 2026.

For the second quarter, NVIDIA expects revenue to reach $91 billion, gross margins 74.9%, and operating expenses of around $8.5 billion. For the full year fiscal 2027, NVIDIA expects tax rates to be between 16% and 18%, excluding any discrete items and material changes to the tax environment.