Nvidia shares were little changed in after hours trading after the AI chipmaker reported record first quarter revenue and issued a stronger outlook for the current quarter.
The stock initially dropped 3% in post market trading before recovering to flat at press time near $223.
Nvidia reported revenue of $81.6 billion for the first quarter of fiscal 2027, up 85% from a year earlier and 20% from the previous quarter. The company posted GAAP net income of $58.3 billion, up 211% year over year, while diluted earnings per share rose to $2.39.
On a non GAAP basis, Nvidia reported net income of $45.5 billion and diluted earnings per share of $1.87, up 140% from the same period last year. Revenue from Compute and Networking reached $74.6 billion, while Graphics revenue came in at $7.1 billion.
Data Center remained Nvidia’s main growth engine, with revenue reaching a record $75.2 billion, up 92% from a year earlier and 21% sequentially. The company said growth was driven by the ramp of Blackwell 300 products and demand for InfiniBand, Spectrum X Ethernet, and NVLink solutions.
