Rising global investments in artificial intelligence infrastructure helped NVIDIA deliver another record-breaking quarter, driven by massive demand for its AI chips and data centre hardware.
The company reported quarterly revenue of $81.6 billion for the first quarter of fiscal 2027 ending April 26, marking an 85% increase compared to the same period last year and a 20% rise from the previous quarter.
Nvidia’s net profit surged to $58.3 billion, more than tripling from $18.8 billion recorded a year earlier.
The company’s data centre business remained the biggest growth driver. Revenue from the segment reached a record $75.2 billion, up 92% year-on-year. The division includes Nvidia’s graphics processing units (GPUs), which are widely used to power AI systems across global technology companies.
Originally developed for gaming graphics, GPUs have become a critical component in artificial intelligence computing, helping Nvidia emerge as one of the world’s most valuable technology companies.
Strong AI demand continues despite concerns on Wall Street about a possible slowdown in AI spending. Since its previous earnings report in February, Nvidia announced a $10 billion investment in Anthropic, signed a major deal with Meta, and expanded its partnership with AI infrastructure company CoreWeave with plans targeting 5 gigawatts of AI facilities by 2030.
For the current quarter, Nvidia projected revenue of $91 billion, indicating further growth momentum.
The company also stated that its latest outlook does not include any expected data centre revenue from China, where restrictions on advanced AI chip exports remain part of ongoing tensions between Washington and Beijing.
Nvidia CEO Jensen Huang recently said he expects China to eventually reopen its market for advanced US AI chips. Nvidia’s H200 chip had previously been restricted from sale in China over national security concerns.
However, Chinese technology firms are increasingly focusing on domestic chip development as China accelerates efforts to compete with the US in AI technology.
Despite the strong financial results, Nvidia shares fell more than 1% in after-hours trading.
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