NVIDIA (NVDA) Q1 2027 (USD): Adj. EPS 1.87 (exp. 1.75), Revenue 81.615bln (exp. 78.78bln); Q2 revenue view 89.18-92.82bln (exp. 86.79bln); Boosts buyback by USD 80bln and boosts dividend to USD 0.25/shr (prev. 0.01/shr)

• Data centre revenue 75.2bln (exp. 73.48bln); made up of Hyperscale 37.87bln, AI Clouds, Industrial Enterprise 37.38bln.
• Adj. gross margin 75% (exp. 75.1%).

Guidance

• Q2 GAAP and non-GAAP gross margins expected to be 74.9% and 75.0%, respectively, plus or minus 50 basis points.
• No shipments of Data Center Hopper products to China occurred during the quarter, compared with 4.6bln in the first quarter of fiscal year 2026.
• Vera Rubin on track for H2 26, starting in Q3.
• Q2 adj. GM 74.5-75.5% (exp. 75.0%).
• Q2 adj. operating expenses about 8.3bln (exp. 7.93bln).

Commentary

• Will have two market platforms - Data Center and Edge Computing.
• No shipments of Data Center Hopper products to China occurred during the quarter, compared with USD 4.6bln in the first quarter of fiscal year 2026.