NVIDIA reported its first-quarter results for fiscal year 2027 on Wednesday, posting revenue of $81.6 billion — surpassing Wall Street’s average forecast of $78.9 billion. Revenue from its data center segment reached $75.2 billion, continuing to serve as the primary growth driver. Additionally, the company announced an extra $80 billion authorization for stock buybacks (with no expiration date) and significantly raised its quarterly cash dividend from $0.01 per share to $0.25; this new dividend will be paid out on June 26.
Furthermore, NVIDIA projected second-quarter revenue at roughly $91 billion (±2%), again exceeding market expectations of $86.9 billion. Colette Kress, Chief Financial Officer, stated during the earnings call that the company now has visibility into nearly $20 billion in expected revenue from its CPU business this fiscal year. Meanwhile, U.S. tech giants are expected to spend over $700 billion on AI infrastructure capital expenditures in 2026 — a substantial increase from around $400 billion in 2025 — providing sustained support for NVIDIA’s chip demand. According to eMarketer, beating forecasts has become standard practice for NVIDIA; investors are now keenly focused on whether demand for AI computing power will remain robust between 2027 and 2028.