HighGravityDataNvidia — May 20, 2026 release
Fiscal 2027 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001045810-26-000051
Showing in the filing
GAAP gross margin
“74.9 %”
Period
Q2 FY2027
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 10
GAAP gross margin for Q2 FY2027
“74.9 %”
Non-GAAP gross margin for Q2 FY2027
“75.0 %”
Quarterly dividend
“$0.25 per share”
Share repurchase authorization increase
“$80.0 billion”
Revenue for Q2 FY2027
“$91.0 billion, plus or minus 2%”
GAAP and non-GAAP gross margins for Q2 FY2027
“74.9% and 75.0%, respectively, plus or minus 50 basis points”
GAAP and non-GAAP operating expenses for Q2 FY2027
“approximately $8.5 billion and $8.3 billion, respectively”
GAAP operating expenses for Q2 FY2027
“approximately $8.5 billion”
GAAP and non-GAAP tax rates for FY2027
“between 16.0% and 18.0%”
Non-GAAP operating expenses for Q2 FY2027
“$ 8,300”
Exhibit 99.1 · the passage around this item
CFO Commentary on First Quarter Fiscal 2027 Results Q1 Fiscal 2027 Summary GAAP ($ in millions, except earnings per share) Q1 FY27 Q4 FY26 Q1 FY26 Q/Q Y/Y Revenue $81,615 $68,127 $44,062 20 % 85 % Gross margin 74.9 % 75.0 % 60.5 % (0.1) pts 14.4 pts Operating expenses $7,621 $6,794 $5,030 12 % 52 % Operating income $53,536 $44,299 $21,638 21 % 147 % Net income $58,321 $42,960 $18,775 36 % 211 % Diluted earnings per share $2.39 $1.76 $0.76 36 % 214 % Non-GAAP ($ in millions, except earnings per share) Q1 FY27 Q4 FY26 Q1 FY26 Q/Q Y/Y Revenue $81,615 $68,127 $44,062 20 % 85 % Gross margin 75.0 % 75.1 % 60.8 % (0.1) pts 14.2 pts Operating expenses $7,449 $6,666 $4,993 12 % 49 % Operating income $53,783 $44,474 $21,801 21 % 147 % Net income $45,548 $38,969 $19,094 17 % 139 % Diluted earnings per share $1.87 $1.59 $0.78 18 % 140 % Revenue by Reportable Segments ($ in millions) Q1 FY27 Q4 FY26 Q1 FY26 Q/Q Y/Y Compute & Networking $74,550 $61,651 $39,589 21 % 88 % Graphics 7,065 6,476 4,473 9 % 58 % Total $81,615 $68,127 $44,062 20 % 85 % Revenue by Market Platform ($ in millions) Q1 FY27 Q4 FY26 Q1 FY26 Q/Q Y/Y Data Center $75,246 $62,314 $39,112 21 % 92 % Hyperscale 37,869 33,814 17,599 12 % 115 % AI Clouds, Industrial, & Enterprise 37,377 28,500 21,513 31 % 74 % Edge Computing 6,369 5,813 4,950 10 % 29 % Total $81,615 $68,127 $44,062 20 % 85 % We specialize in
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other guidance in this release
Text is the filed exhibit, verbatim.