NVIDIA Posts $81.61 Billion Q1 Revenue, Up 85% on AI Chip Demand
Updated
Updated · 24/7 Wall St. · Aug 19
NVIDIA Posts $81.61 Billion Q1 Revenue, Up 85% on AI Chip Demand
3 articles · Updated · 24/7 Wall St. · Aug 19
Summary
$81.61 billion in Q1 FY2027 revenue and $1.87 in non-GAAP EPS both beat estimates, with sales rising 85.23% from a year earlier.
Data Center revenue reached $75.25 billion and networking jumped 199% as demand built for Blackwell and Vera Rubin chips from OpenAI, Anthropic, Meta and AWS.
NVIDIA guided Q2 revenue to $91 billion and said supply commitments rose to $145 billion, reinforcing expectations that hyperscaler AI spending remains strong into the August 26 earnings report.
24/7 Wall St. set a $273.83 price target—24.62% above the August 18 close of $219.74—while citing 75% gross margins, though risks include China weakness, TSMC dependence and the need for demand to sustain large supply commitments.