NVIDIA
NVIDIA reported record revenue of $81.6 billion for the first quarter of fiscal 2027 (ended April 26, 2026), up 85% year-over-year, with Data Center revenue reaching $75.2 billion.
Profile
NVIDIA designs and sells graphics processing units (GPUs) and related hardware and software for AI computing, data centers, gaming, professional visualization, and autonomous vehicles.
NVIDIA reported record revenue of $81.6 billion for the first quarter of fiscal 2027 (ended April 26, 2026), up 85% year-over-year, with Data Center revenue reaching $75.2 billion. For fiscal 2026, full-year revenue was $215.9 billion, up 65% from the prior year. The company is transitioning to a new reporting structure with two market platforms: Data Center (sub-divided into Hyperscale and ACIE, which includes AI Clouds, Industrial, and Enterprise) and Edge Computing (covering PCs, game consoles, workstations, AI-RAN base stations, robotics, and automotive).
Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, NVIDIA originally focused on graphics processing units (GPUs) for gaming. It has since become the dominant supplier of AI computing hardware, with its GPU architecture powering the majority of large-scale AI model training and inference. The company's latest product cycle includes the Grace Blackwell platform with NVLink, the Vera CPU purpose-built for agentic AI, and the Vera Rubin architecture now in full production.
NVIDIA also launched the DGX Station for Windows, a deskside AI supercomputer, and the RTX Spark for AI-native personal computing. On the software side, NVIDIA released Cosmos 3, an open foundation model for physical AI, and acquired SchedMD, the lead developer of the Slurm workload manager. The company returned $41.1 billion to shareholders in fiscal 2026 through buybacks and dividends, and in May 2026 authorized an additional $80 billion in share repurchases while raising its quarterly dividend from $0.01 to $0.25 per share. NVIDIA guided for Q2 FY27 revenue of $91 billion, excluding any Data Center compute revenue from China.
Who buys this
- Hyperscale cloud providers and large consumer internet companies
- AI cloud service providers and enterprise data centers
- Industrial and enterprise customers building AI factories
- PC gamers and workstation users
- Robotics and autonomous vehicle developers
Strengths and what to watch
Strengths
- Dominant market position in AI training and inference hardware, with a multi-year product roadmap (Hopper, Blackwell, Vera Rubin) that keeps competitors at a distance.
- Extremely high gross margins (75% GAAP in Q1 FY27) and massive free cash flow, enabling aggressive R&D and shareholder returns.
- Deep ecosystem lock-in via CUDA software platform and open-source model releases (e.g., Cosmos 3, Nemotron) that encourage developer adoption.
Watch for
- Geopolitical risk: NVIDIA is not assuming any Data Center compute revenue from China in its Q2 FY27 outlook, reflecting ongoing export control restrictions.
- Customer concentration: a small number of hyperscalers (e.g., Microsoft, Amazon, Google) account for a large share of Data Center revenue, creating dependency.
- Competition from custom AI chips (e.g., Google TPU, Amazon Trainium, AMD MI series) and potential for hyperscalers to reduce reliance on NVIDIA silicon.
Recent moves
Key Information
- Industry
- AI Hardware
Frequently Asked Questions
What is NVIDIA's latest revenue and how fast is it growing?
NVIDIA reported record revenue of $81.6 billion for Q1 FY27, up 85% year-over-year. For fiscal 2026, full-year revenue was $215.9 billion, a 65% increase from the prior year. Data Center revenue alone reached $75.2 billion in Q1 FY27.
What are NVIDIA's main business segments?
NVIDIA operates two market platforms: Data Center, subdivided into Hyperscale and ACIE (AI Clouds, Industrial, Enterprise), and Edge Computing, covering PCs, game consoles, workstations, AI-RAN base stations, robotics, and automotive. This structure reflects its shift beyond gaming into AI and edge computing.
What are NVIDIA's latest AI hardware products?
NVIDIA's latest products include the Grace Blackwell platform with NVLink, the Vera CPU for agentic AI, and the Vera Rubin architecture now in full production. It also launched the DGX Station for Windows, a deskside AI supercomputer, and the RTX Spark for AI-native personal computing.
How does NVIDIA's software ecosystem strengthen its market position?
NVIDIA's CUDA software platform creates deep ecosystem lock-in, encouraging developer adoption. The company also releases open-source models like Cosmos 3 for physical AI and Nemotron. Additionally, it acquired SchedMD, the lead developer of the Slurm workload manager, to bolster its open-source offerings.
What risks does NVIDIA face from export controls and competition?
NVIDIA faces geopolitical risk from export controls, guiding for no Data Center compute revenue from China in Q2 FY27. Competition includes custom AI chips like Google TPU, Amazon Trainium, and AMD MI series, which could reduce hyperscaler reliance on NVIDIA silicon.
How is NVIDIA returning value to shareholders?
In fiscal 2026, NVIDIA returned $41.1 billion to shareholders through buybacks and dividends. In May 2026, it authorized an additional $80 billion in share repurchases and raised its quarterly dividend from $0.01 to $0.25 per share, reflecting strong cash flow.
Sources
- nvidianews.nvidia.com — Q1 FY27 revenue of $81.6B, Data Center revenue of $75.2B, gross margins, share repurchase authorization, dividend increase, new reporting framework, guidance excluding China.
- nvidianews.nvidia.com — FY26 full-year revenue of $215.9B, Q4 FY26 revenue of $68.1B, Data Center revenue, gross margins, shareholder returns.
- www.nvidia.com — Product announcements: Vera CPU, RTX Spark, DGX Station for Windows, Vera Rubin production, Isaac GR00T humanoid robot, Cosmos 3.
- techcrunch.com — Acquisition of SchedMD (Slurm developer) and release of Nemotron open AI models.