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NVIDIA (NVDA) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 20, 2026
NVIDIA (NVDA) reported revenue of $81.6B for the first quarter fiscal 2027 (Q1 FY27), +85% from a year earlier and +20% from the quarter before. Operating margin was 65.6%, net earnings $58.3B (71.5% of revenue).
NVIDIA, Q1 FY27: revenue $81.6B (+85% year over year), operating margin 65.6%, net earnings $58.3B, operating cash flow $50.3B. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $81.6B | +20% | +85% |
| Gross profit | $61.2B | +20% | +129% |
| Operating profit | $53.5B | +21% | +147% |
| Net earnings | $58.3B | +36% | +211% |
| Operating cash flow | $50.3B | +39% | +84% |
| Free cash flow | $48.6B | +39% | +86% |
What changed
Revenue was $81.6B in Q1 FY27, up 85% year over year and up 20% from the previous quarter. Hyperscale was the largest line at 46% of revenue. Hyperscale added $20.3B year over year (up 115%), 54% of the total change.
Gross margin was 74.9%, up 14.4 points from Q1 FY26. Operating profit was $53.5B, a 65.6% margin (up 16.5 points year over year). Of the extra revenue versus Q1 FY26, 85% reached operating profit, above the 49% margin then. Operating expenses grew 52% against revenue growth of 85%. The fastest-growing cost line was Research & development (+58%). Net earnings were $58.3B, up 211% year over year. The effective tax rate was 16.6%. Non-operating items added $16.4B, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $50.3B (up 84% year over year), 86% of net earnings. Non-cash charges added back $1.0B of depreciation and amortization and $1.9B of share-based compensation. Working capital and other items used $10.9B. Capital expenditures of $1.8B left free cash flow of $48.6B.
Questions
What was NVIDIA's revenue in the first quarter fiscal 2027?
NVIDIA (NVDA) reported revenue of $81.6B for the first quarter fiscal 2027 (Q1 FY27), +85% from a year earlier and +20% from the quarter before.
Was NVIDIA profitable in the first quarter fiscal 2027?
Operating profit was $53.5B (65.6% of revenue) and net earnings $58.3B.
Source: NVIDIA 10-Q on SEC EDGAR.