Nvidia CEO Jensen Huang. Image: Nvidia
NVIDIA smashed revenue records in its first quarter of fiscal 2027, with sales up 85pc year-on-year to $81.6bn.
The Santa Clara-based company saw its Data Centre division lead the charge, with revenue reaching $75.2bn, up 92pc from a year ago. Demand for Nvidia’s AI chips from hyperscale cloud providers and enterprise AI factories showed no signs of slowing, with quarterly revenue also up 20pc.
Gross margins held firm at around 75pc, and net income more than tripled to $58.3bn compared to the same period last year, reflecting Nvidia’s central role in the current AI infrastructure boom.
CEO Jensen Huang was typically ebullient, describing the moment as a major inflection point for the industry. “The buildout of AI factories – the largest infrastructure expansion in human history – is accelerating at extraordinary speed,” he said. “Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries.”
