Nvidia delivers earnings beat. See the key numbers.

May 21, 2026 - 01:29

Nvidia reported its fiscal first quarter 2027 earnings on Wednesday, surpassing Wall Street expectations and providing fresh insight into the ongoing demand for artificial intelligence chips. The chipmaker posted adjusted earnings per share of $0.85, beating the consensus estimate of $0.78. Revenue came in at $38.2 billion, up 42% from the same quarter last year and ahead of the $37.9 billion analysts had forecast.

The company's data center segment, which includes its flagship AI processors, generated $33.5 billion in revenue, marking a 45% year-over-year increase. This division remains the primary growth driver as cloud providers and enterprise customers continue to invest heavily in AI infrastructure. Nvidia's gaming revenue, once its core business, reached $2.8 billion, showing modest growth of 8%.

Investors paid close attention to Nvidia's outlook for the current quarter. The company guided for revenue of approximately $41.5 billion, plus or minus 2%, which aligns with the higher end of analyst expectations. Gross margin guidance came in at 73.5%, slightly below the 74% some had hoped for, but still reflecting strong pricing power.

The earnings report arrives amid heightened scrutiny of Nvidia's sales to China. The company confirmed that export restrictions have reduced its revenue from the region, though it did not provide a specific dollar impact. Executives noted that demand from other markets, particularly the United States and Europe, is more than offsetting the China headwind.

Nvidia also announced a $50 billion share buyback program and a 10% increase to its quarterly dividend. The stock rose about 3% in after-hours trading following the release, as traders digested the results and the cautious but optimistic tone from management.