Q1 2027 NVIDIA Corp Earnings Call Transcript
Key Points
- NVIDIA Corp (NVDA) reported a record-breaking quarter with total revenue of $82 billion, up 85% year-over-year and 20% sequentially.
- Data Center revenue reached $75 billion, marking a 92% increase year-over-year, driven by strong demand for Blackwell architecture and products like GB300 and NVL72.
- The company returned a record $20 billion to shareholders through share repurchases and dividends, reflecting strong capital allocation strategies.
- NVIDIA's AI infrastructure is now deployed across nearly 40 countries, representing $50 trillion in GDP, showcasing its global reach and influence.
- The introduction of the Vera CPU opens a new $200 billion total addressable market (TAM) for NVIDIA, expanding its product offerings and market potential.
- NVIDIA faces uncertainty regarding revenue from China due to geopolitical tensions, as no data center compute revenue from China is included in their outlook.
- The company is experiencing supply chain challenges, although it remains confident in its ability to support growth.
- Operating expenses increased by 12% sequentially, primarily due to higher compensation and infrastructure costs.
- Consumer demand for Edge Computing fell modestly due to higher memory and system prices, impacting growth in that segment.
- The company is heavily reliant on the success of its new architectures, such as Vera Rubin, which may face challenges in ramping up production and adoption.
Good afternoon. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to NVIDIA's first-quarter earnings call. (Operator Instructions)
Toshiya Hari, you may begin your conference.
&
Thank you, and good afternoon, everyone. Welcome to NVIDIA's conference call for the first quarter of fiscal 2027. With me today from NVIDIA are Jensen Huang, President and Chief Executive Officer; and Colette Kress, Executive Vice President and Chief Financial Officer.
Our call is being webcast live on NVIDIA's Investor Relations website. The webcast will be available for replay until the conference call to discuss our financial results for the second quarter of fiscal 2027. The content of today's call is NVIDIA's property. It can't be reproduced or transcribed without our prior written consent.
During this call, we may make forward-looking statements based on current expectations. These are
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