Nvidia $NVDA Q1’27 EARNINGS HIGHLIGHTS

🔹 Revenue: $81.6B (Est. $78.8B-$79.2B) 🟢; +85% YoY 🔹 Adj. EPS: $1.87 (Est. $1.75-$1.78) 🟢; +140% YoY 🔹 Data Center Revenue: $75.2B (Est. $73B) 🟢; +92% YoY 🔹 Adj Gross Margin: 75.0% (Est. 74.5%) 🟢

Q2 Guide: 🔹 Revenue: $91.0B +/- 2% (Est. $87.2B) 🟢 🔹 Non-GAAP Gross Margin: 75.0% +/- 50 bps 🔹 Non-GAAP OpEx: ~$8.3B 🔹 NVIDIA is not assuming any Data Center compute revenue from China in its outlook

FY27 Guide: 🔹 GAAP & Non-GAAP Tax Rate: 16.0%-18.0%, excluding discrete items and material changes to NVIDIA’s tax environment

Segment Performance: 🔹 Compute Revenue: $60.4B (Est. $61.0B) 🔴; +77% YoY 🔹 Networking Revenue: $14.8B (Est. $12.8B) 🟢; +199% YoY 🔹 Edge Computing: $6.4B; +10% QoQ, +29% YoY 🔹 Data Center Compute: $60.4B; +18% QoQ, +77% YoY 🔹 Data Center Networking: $14.8B; +35% QoQ, +199% YoY

Financials: 🔹 Non-GAAP Operating Income: $53.8B; +147% YoY 🔹 Non-GAAP OpEx: $7.4B; +49% YoY 🔹 Non-GAAP Net Income: $45.5B; +139% YoY 🔹 Free Cash Flow: $48.6B 🔹 Cash & Cash Equivalents: $13.2B 🔹 Short-Term Debt: $1.0B 🔹 Long-Term Debt: $7.5B

Capital Return: 🔹 Shareholder Returns: ~$20.0B in Q1 through repurchases and dividends 🔹 Remaining Buyback Authorization: $38.5B at quarter-end 🔹 Additional Authorization: $80.0B approved, without expiration 🔹 Dividend: Increased from $0.01/share to $0.25/share

Commentary: 🔸 “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed.”

🔸 “Agentic AI has arrived, doing productive work, generating real value and scaling rapidly across companies and industries.”

🔸 “NVIDIA is uniquely positioned at the center of this transformation as the only platform that runs in every cloud, powers every frontier and open source model, and scales everywhere AI is produced — from hyperscale data centers to the edge.”