NVDA 8-K — Smart Summary
93% reduction- NVIDIA reported record quarterly revenue of $44.1 billion for Q1 FY2027 (quarter ended April 26, 2026), up 69% year on year.
- GAAP EPS (diluted) reached $0.76, up 168% year on year, while Non-GAAP EPS (diluted) was $0.96, up 150% year on year.
- The filing covers Item 2.02 results of operations, incorporating a press release (Exhibit 99.1) and CFO Commentary (Exhibit 99.2) for the quarter ended April 26, 2026.
Item 2.02 — Results of Operations and Financial Condition
Financial Highlights
- Revenue: $44.1 billion, up 69% year on year
- GAAP operating income: $23.6 billion, up 110% year on year; Non-GAAP operating income: $26.1 billion, up 113% year on year
- GAAP net income: $18.8 billion, up 163% year on year; Non-GAAP net income: $23.6 billion, up 145% year on year
- GAAP EPS (diluted): $0.76, up 168% year on year; Non-GAAP EPS (diluted): $0.96, up 150% year on year
- GAAP gross margin: 60.5%; Non-GAAP gross margin: 61.0%
- Cash flow from operations: $18.5 billion
- Q1 revenue of $44.1 billion exceeded the Company's prior outlook of $43.0 billion
Segment Results
- Data Center: $39.1 billion, up 73% year on year
- Gaming: $3.8 billion, up 42% year on year
- Automotive: $567 million, up 72% year on year
- Professional Visualization: $509 million, up 19% year on year
- OEM and Other: $93 million, up 4% year on year
Capital Allocation
- Returned $14.4 billion to shareholders in Q1 FY2027: $14.1 billion in share repurchases and $244 million in cash dividends
- $7.7 billion remaining under share repurchase authorization as of April 26, 2026
- Cash, cash equivalents, and marketable securities: $53.0 billion as of April 26, 2026
- Declared cash dividend of $0.01 per share, payable July 2, 2026, to shareholders of record on June 10, 2026
Management Commentary
- Jensen Huang, founder and CEO: "The age of AI is in full steam, propelling a global infrastructure buildout. Demand for NVIDIA computing is surging worldwide. Countries are recognizing that building sovereign AI infrastructure is an imperative, and enterprises across every industry are adopting AI as a core tool."
- Colette Kress, CFO: "Q1 revenue of $44.1 billion exceeded our outlook of $43.0 billion. Data Center revenue reached a record $39.1 billion, up 73% year on year. We returned $14.4 billion to shareholders in Q1 through share repurchases and cash dividends."
Guidance
- Q2 FY2027 revenue outlook: $45.0 billion, plus or minus 2%
- GAAP gross margin: 71.8%; Non-GAAP gross margin: 72.0%, each plus or minus 50 basis points
- GAAP operating expenses: approximately $5.0 billion; Non-GAAP operating expenses: approximately $3.4 billion
- GAAP and Non-GAAP other income and expense: approximately $400 million income
- GAAP tax rate: 16.5%; Non-GAAP tax rate: 17.0%, each plus or minus 1%
- Next-generation NVL576 systems expected to ramp in the second half of fiscal year 2027
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