Last updated: May 21, 2026  ·  ← Back to Stock Fact Sheets

NVIDIA Corporation (NVDA) — Company Overview

NVIDIA Corporation (NASDAQ: NVDA) is the world’s dominant designer of graphics processing units and AI accelerator chips, headquartered in Santa Clara, California. Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, NVIDIA went public in 1999 at $12 per share. Today it is the world’s most valuable company by market capitalization at approximately $5.4 trillion. Its chips power virtually every major AI training run and inference deployment on the planet, giving NVIDIA an estimated 81% market share in AI accelerators. The company has beaten revenue estimates for seven consecutive quarters.

Q1 FY2027 Earnings: The Numbers

NVIDIA reported Q1 FY2027 results on May 20, 2026, delivering one of the most consequential earnings reports in semiconductor history. Revenue came in at $81.6 billion — up 85% year-over-year, beating the $78.8 billion consensus. Non-GAAP EPS of $1.87 beat the $1.77 estimate. GAAP EPS was $2.39, up 214% year-over-year. Gross margin held at 74.9%. Net income was $58.3 billion, up 211% year-over-year. Free cash flow hit $48.6 billion. For the complete earnings breakdown: NVIDIA Q1 FY2027 Earnings: $81.6B Revenue, $91B Q2 Guide — The AI Supercycle Just Raised Its Speed Limit.

The Q2 Guide and China Wildcard

NVIDIA guided Q2 FY2027 revenue at $91.0 billion — $4.4 billion above the Street’s $86.6 billion consensus. Critically, that guide assumes zero China revenue. Any resolution of U.S.-China chip export restrictions would be pure upside. Jensen Huang joined Trump’s Beijing delegation in May 2026 — read the full story behind NVIDIA’s last-minute China trip — and while no chip deal was announced, the diplomatic door remains open. H200 and H20 sales to ByteDance, Alibaba, and Tencent are approved but under a 15% U.S. revenue-share restriction, with no material China revenue booked yet.

Capital Return: The New NVIDIA

Two announcements with the Q1 report marked a structural shift in NVIDIA’s investment thesis. First, NVIDIA raised its quarterly dividend from $0.01 to $0.25 per share — a 2,400% increase that creates roughly $6 billion per quarter in dividend income and attracts income-oriented institutional buyers who previously avoided the stock. Second, NVIDIA announced a new $80 billion share repurchase authorization on top of $39 billion already remaining, giving the company approximately $119 billion in total buyback capacity. The company returned approximately $20 billion to shareholders in Q1 FY2027 alone.

The Product Roadmap

Blackwell is fully deployed across every major hyperscaler, cloud provider, and model builder. The next architecture, Vera Rubin NVL72 — combining the new Vera CPU with Rubin GPUs via NVLink-C2C interconnect — is confirmed on track for Q3 FY2027. NVIDIA claims Vera Rubin delivers agentic AI inference at one-tenth the token cost of previous-generation alternatives. Beyond that, Vera Rubin Ultra is slated for FY2028 and Feynman for FY2029 — giving NVIDIA a three-generation visibility window that no competitor can currently match. Jensen Huang has stated that cumulative GPU revenue could reach $1 trillion through calendar year 2027, a figure Raymond James described as potentially conservative given future platforms not yet counted.

Demand Context: The Hyperscaler Capex Floor

The single most important driver of NVIDIA’s revenue is hyperscaler capital expenditure. Microsoft raised its 2026 capex to $190 billion. Meta raised its 2026 capex to $125–$145 billion. Amazon, Google, and Oracle are all accelerating AI infrastructure investment. Combined, the major hyperscalers are guiding approximately $725 billion in 2026 capex — the overwhelming majority of which routes through NVIDIA’s order book. As Jensen Huang said at Dell Technologies World in May 2026: “Demand is going parabolic. Utterly parabolic.”

Related Coverage on FactSheets.com

• NVIDIA Q1 FY2027 Earnings: $81.6B Revenue, $91B Q2 Guide
• Vera Arrives: NVIDIA’s First CPU Built for Agents Lands at Top AI Labs
• Jensen Huang Is on Air Force One: The Full Story Behind NVIDIA’s China Trip
• Jensen Huang at Dell Technologies World: ‘Demand Is Going Parabolic’
• NVIDIA (NVDA): Everything You Need to Know Before Wednesday’s Earnings
• NVIDIA and Google Cloud Empower the Next Wave of AI Builders
• CRWV — CoreWeave Stock Fact Sheet
• NBIS — Nebius Group Stock Fact Sheet

This fact sheet is for informational purposes only and does not constitute investment advice. Data as of May 21, 2026.