SANTA CLARA, May 20 — NVIDIA Corp. reported record first-quarter fiscal 2027 revenue of $81.6 billion on Wednesday, up 85% from a year earlier and 20% sequentially, the chipmaker said.
Data Center segment revenue was $75.2 billion, also a record, up 92% year over year and 21% sequentially. NVIDIA attributed the segment growth to the ramp of its Blackwell 300 products and continued demand for its InfiniBand, Spectrum-X Ethernet, and NVLink networking offerings.
Hyperscale customers accounted for approximately 50% of Data Center revenue in the quarter, the company said. The remaining 50% came from a broadening base of customers — AI cloud providers, industrial customers, enterprise buyers, and sovereign deployments.
Adjusted earnings per share were $1.87, ahead of consensus of $1.76. The figure marked NVIDIA’s 22nd earnings beat in the past 24 quarters.
“The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” Chief Executive Jensen Huang said in the release. “Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries.”
The print extends a streak of triple-digit year-over-year Data Center growth that began in calendar 2023 and underlines NVIDIA’s continued dominance of the accelerator market amid escalating hyperscaler capital plans. Meta this week lifted its 2026 capital-expenditure guidance to between $125 billion and $145 billion, much of it directed at NVIDIA GPUs.
NVIDIA shares slid in after-hours trading despite the beat, a reaction analysts attributed to the size of the consensus number rather than the print itself.