Revenue$81.6B+85.0% YoY | +20.0% QoQ
Data Center$75.2B+92.6% YoY | 92.2% of mix
Gross margin74.9%-350 bps vs FY25 peak
Op margin65.6%+1,390 bps YoY
FCF$48.6B+86% YoY | 59.5% margin
Non-GAAP EPS$1.87+140% YoY | GAAP $2.39
Q2 FY27 guide$91.0B+11.5% QoQ midpoint
Dividend$0.2525x vs prior | 2026-06-27
Revenue by reportable segment | 9 quarters + Q2 FY27 guide$B | stacked GAAP | 10-Q segment note
$0$25$50$75$100 GUIDE $91B Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26Q4'26Q1'27Q2'27g $81.6B +85% YoY Data Center 92.2% Gaming 4.5% Pro Viz | Auto | OEM 3.3%
Data Center now 92.2% of revenue - up from 78% Q1 FY25.Source: 10-Q Note 16 | Segment Information
Q2 FY27 guide vs StreetConsensus n=42 | IBES
NVDA midpoint guide$91.0B
Street consensus pre-print$86.84B
Surprise+$4.16B | +4.8%
Implied GM74.9% +/- 50bps (GAAP)
Reproducibility hasha4e9|8f23|c1d7
9th consecutive guide beat.Q2 FY27 reports Aug 2026
Gross margin trajectoryGAAP | 9 quarters
80%75%70%65% PEAK 77.5% Q1 FY26 trough 60.5% | H20 inventory charge 74.9% Q1'25Q1'26Q1'27
GM stable at 74.9% | +1,440 bps off H20 trough
Operating leveragedelta revenue vs delta op income | 9Q
Q1 FY27 +85% rev / +147% OI 0%+80% rev growth+150%+200%0% Above the line = positive operating leverage
9/9 quarters | OI grew faster than revenue every quarter
Inventory | supply-chain signal$B inventory | 9Q
$26B$16B$6B $25.8B | +$4.4B QoQ Blackwell pre-build Q1'25Q1'26Q1'27
Inventory $25.8B | +$4.4B QoQ | Blackwell pre-build per MD&A
Segment moves | QoQ$B vs Q4 FY26
Data Center
+$13.3B+21.4%
Networking
+$3.4B+21.4%
Gaming
+$0.3B+8.5%
Auto + Robo
+$0.1B+18.5%
Pro Viz
+$0.02B+4.0%
Data Center + Networking = 97% of QoQ deltaSource: 10-Q segment note
Geography | vs Y-1% mix shift | customer-HQ basis
$81.6B total | Q1 FY27 US 78.1% TW 14.7% CN 5.6% Other 1.6%
US dominant | $0 Data Center compute revenue to China this quarter10-Q geographic note
Mag7 peer matrix | last reported quarterHeatmap shading by quartile
TickerPeriodRev YoYRev QoQGross M.Op M.Net M.FCF M.R&D % RevConcentration
NVDAQ1 FY27+85.0%+20.0%74.9%65.6%71.5%59.5%9.3%54.0%
METAQ1 2026+33.0%+0.2%82.0%41.4%35.6%22.9%29.0%15.0%
GOOGLQ1 2026+22.0%+1.4%59.7%32.1%28.2%18.2%14.5%12.0%
MSFTQ3 FY26+18.4%+1.6%68.8%45.6%37.8%25.4%13.2%n/d
AMZNQ1 2026+17.0%-2.1%50.5%11.2%9.4%1.1%15.0%28.0%
AAPLQ2 FY26+17.0%-7.8%46.9%32.0%27.2%23.7%8.3%n/d
TSLAQ1 2026-2.9%-15.0%18.0%4.6%3.1%6.6%14.8%n/d
NVDA: top quartile on 6 of 8 metrics - only R&D % and concentration sit outside.Click any peer to overlay vs NVDA in the segment chart
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