NVDA prints record $81.6B Q1, Data Center hits $75.2B as Blackwell 300 ramps
Data Center segment up 92% YoY; Hyperscale at ~50% of mix; Q1 FY27 adjusted EPS of $1.87 beats consensus $1.76.
NVIDIA on Wednesday after the bell reported fiscal first-quarter revenue of $81.6 billion, a record, up 85% from the year-earlier period and 20% sequentially. Adjusted EPS of $1.87 beat the consensus of $1.76, marking the chipmaker’s 22nd earnings beat in the past 24 quarters.
Data Center segment revenue: $75.2 billion, also a record, up 92% YoY and 21% sequentially. The segment growth was driven by the Blackwell 300 ramp and continued demand for InfiniBand, Spectrum-X Ethernet, and NVLink networking, the company said.
Hyperscale customers ran ~50% of Data Center revenue in the quarter. The remaining ~50% came from a broadening customer base — AI cloud providers, industrial, enterprise, and sovereign buyers. The diversification, per NVIDIA’s CFO commentary, signals a wider procurement floor across the AI-accelerator demand curve.
CEO Jensen Huang, in the release: “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed. Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries.”
| Q1 FY27 | $B | YoY | Sequential |
|---|---|---|---|
| Total revenue | 81.6 | +85% | +20% |
| Data Center | 75.2 | +92% | +21% |
| Hyperscale share of DC | ~50% | n/a | flat |
The print arrived in a week dominated by Meta’s capex-and-headcount disclosure (2026 guidance raised to $125–$145B, with 8,000 job cuts) — most of Meta’s planned capex flows to NVIDIA silicon, and the print extends NVIDIA’s run of triple-digit YoY Data Center growth that began in calendar 2023.
NVDA traded lower in extended trading despite the beat. Sell-side reaction attributed the move to the size of the consensus number — the bar to clear — rather than to the print itself. The Whisper number, per several desks, had been north of $82B.
The next print is Q2 FY27 in late August. Watch for: the Blackwell 300 → Rubin transition timing, the rate of hyperscale-share dilution as enterprise procurement scales, and any commentary on China export-control headwinds in the segment mix.
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