Nvidia Shatters Records with $81.6B Revenue, Surpassing Expectations by 6%
On May 20, 2026, chipmaker Nvidia unveiled its first-quarter fiscal results for 2027, setting a new record with a staggering revenue of $81.6 billion. This marks an impressive 85% increase year-over-year and a 20% rise from the previous quarter. The AI titan outperformed Wall Street’s expectations, reporting earnings per share of $1.87, which beats the consensus estimate of $1.76 by a significant 6.25%.
The unprecedented growth can be attributed to the relentless demand for AI infrastructure, particularly from hyperscale data center operators. CEO Jensen Huang emphasized, “the agentic AI inflection point has arrived,” highlighting the company’s industry-leading Grace Blackwell architecture with NVLink for its superior AI inference capabilities.
In addition to its financial success, Nvidia also announced an expanded $80 billion share buyback program. This move underscores its commitment to returning value to shareholders, while simultaneously maintaining its dominant position in the AI chip market. Nvidia currently holds an estimated 81% market share in AI accelerators.
Source: Nvidia Financial Reports