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NVIDIA Corporation (NVDA) Q1 FY2027 Financial Statements: Revenue $81.61B, Net income $58.32B

CIK 0001045810 · Nasdaq · Period: Q1 FY2027 (ended 2026-04-26, 10-Q accession 0001045810-26-000052) · Annual report: FY2026 10-K (filed 2026-02-25, accession 0001045810-26-000021)

More for NVIDIA: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2027Q1 FY2027

Archived record for Q1 FY2027. The current period is Q2 FY2027.

Published

NVIDIA Corporation reported $81.61 billion in revenue for Q1 FY2027, the quarter ended April 26, 2026, up 85.2% from a year earlier, with Data Center revenue of $75.25 billion making up the bulk of the total. Net income of $58.32 billion was up 210.6% and ran well ahead of operating income of $53.54 billion, which was up 147.4%, because unrealized gains on NVIDIA's equity investments flowed through other income rather than the operating business. Gross margin of 74.9% was up 14.4 points, largely because the year-ago quarter absorbed a charge for H20 inventory and purchase obligations that export controls left unsellable in China.

MetricAmountvs. year ago
Revenue$81,615,000,000up 85.2%
Net income$58,321,000,000up 210.6%
Diluted EPS$2.39up 214.5%
Operating income$53,536,000,000up 147.4%
Data Center revenue$75,246,000,000up 92.4%
Gross margin74.9%up 14.4 points

About this file

TickerNVDA
CIK0001045810
CompanyNVIDIA Corporation
Business typeindustrial
Template choiceStandard technology/industrial template (revenue, cost of revenue, gross profit, operating income, net income, EPS; cash, debt, assets, equity; operating cash flow, capital expenditures, free cash flow), extended with NVIDIA's reportable-segment and end-market revenue splits because the Data Center concentration is the core of the business.
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions), except per-share amounts and share counts (share counts are actual shares)
Fiscal year conventionNVIDIA's fiscal year ends on the last Sunday in January. Fiscal 2026 ended January 25, 2026; fiscal 2027 began January 26, 2026.

NVDA annual income statement, balance sheet and cash flow

FY2026FY2025FY2024
Fiscal year202620252024
Period start2025-01-272024-01-292023-01-30
Period end2026-01-252025-01-262024-01-28
Source accession0001045810-26-0000210001045810-26-0000210001045810-26-000021
Source form10-K10-K10-K
Income statement
Revenue215,938,000,000130,497,000,00060,922,000,000
Cost of revenue62,475,000,00032,639,000,00016,621,000,000
Gross profit153,463,000,00097,858,000,00044,301,000,000
Gross margin %71.1%75.0%72.7%
Research and development18,497,000,00012,914,000,0008,675,000,000
Sales general and administrative4,579,000,0003,491,000,0002,654,000,000
Total operating expenses23,076,000,00016,405,000,00011,329,000,000
Operating income130,387,000,00081,453,000,00032,972,000,000
Interest income2,300,000,0001,786,000,000866,000,000
Interest expense-259,000,000-247,000,000-257,000,000
Other income net9,022,000,0001,034,000,000237,000,000
Total other income net11,063,000,0002,573,000,000846,000,000
Income before income tax141,450,000,00084,026,000,00033,818,000,000
Income tax expense21,383,000,00011,146,000,0004,058,000,000
Net income120,067,000,00072,880,000,00029,760,000,000
Basic EPS4.932.971.21
Diluted EPS4.92.941.19
Basic shares24,359,000,00024,555,000,00024,690,000,000
Diluted shares24,514,000,00024,804,000,00024,940,000,000
Balance sheet
Cash and cash equivalents10,605,000,0008,589,000,0007,280,000,000
Marketable securities51,951,000,00034,621,000,000
Cash and marketable securities62,556,000,00043,210,000,000
Accounts receivable net38,466,000,00023,065,000,000
Inventories21,403,000,00010,080,000,000
Total current assets125,605,000,00080,126,000,000
Property and equipment net10,383,000,0006,283,000,000
Goodwill20,832,000,0005,188,000,000
Intangible assets net3,306,000,000807,000,000
Non marketable equity securities22,251,000,0003,387,000,000
Total assets206,803,000,000111,601,000,000
Accounts payable9,812,000,0006,310,000,000
Accrued and other current liabilities21,352,000,00011,737,000,000
Short term debt999,000,0000
Total current liabilities32,163,000,00018,047,000,000
Long term debt7,469,000,0008,463,000,000
Total debt8,468,000,0008,463,000,000
Long term operating lease liabilities2,572,000,0001,519,000,000
Total liabilities49,510,000,00032,274,000,000
Total equity157,293,000,00079,327,000,00042,978,000,000
Shares outstanding24,304,000,00024,477,000,00024,643,000,000
NoteThe FY2026 10-K presents a two-year balance sheet (January 25, 2026 and January 26, 2025), so a full January 28, 2024 balance sheet is not on the face of that filing. The equity and share figures here come from the 10-K's consolidated statements of shareholders' equity and the cash balance from its consolidated statements of cash flows.
Cash flow
Net income120,067,000,00072,880,000,00029,760,000,000
Stock based compensation6,386,000,0004,737,000,0003,549,000,000
Depreciation and amortization2,843,000,0001,864,000,0001,508,000,000
Operating cash flow102,718,000,00064,089,000,00028,090,000,000
Capex6,042,000,0003,236,000,0001,069,000,000
Free cash flow96,676,000,00060,853,000,00027,021,000,000
Acquisitions net of cash acquired1,535,000,0001,007,000,00083,000,000
Net cash used in investing-52,228,000,000-20,421,000,000-10,566,000,000
Share repurchases40,086,000,00033,706,000,0009,533,000,000
Dividends paid974,000,000834,000,000395,000,000
Dividends per share0.040.0340.016
Net cash used in financing-48,474,000,000-42,359,000,000-13,633,000,000
Cash paid for income taxes net20,288,000,00015,118,000,0006,549,000,000
Reportable segments
Compute & Networking
Revenue193,479,000,000116,193,000,00047,405,000,000
Operating income130,141,000,00082,875,000,00032,016,000,000
Graphics
Revenue22,459,000,00014,304,000,00013,517,000,000
Operating income9,156,000,0005,085,000,0005,846,000,000
Total segment operating income139,297,000,00087,960,000,00037,862,000,000
Revenue by end market
Data Center193,737,000,000115,186,000,00047,525,000,000
Data Center - Compute162,361,000,000102,196,000,00038,950,000,000
Data Center - Networking31,376,000,00012,990,000,0008,575,000,000
Gaming16,042,000,00011,350,000,00010,447,000,000
Professional Visualization3,191,000,0001,878,000,0001,553,000,000
Automotive2,349,000,0001,694,000,0001,091,000,000
OEM and Other619,000,000389,000,000306,000,000
Revenue by customer headquarters
United States149,617,000,00077,482,000,00031,533,000,000
Taiwan42,345,000,00023,600,000,00014,912,000,000
China (including Hong Kong)19,677,000,00025,048,000,00012,330,000,000
Other4,299,000,0004,367,000,0002,147,000,000

NVDA quarterly income statement, balance sheet and cash flow

Q1 FY2027Q4 FY2026Q1 FY2026 (prior-year comparative)
LabelQ1 FY2027Q4 FY2026Q1 FY2026 (prior-year comparative)
Fiscal year202720262026
Fiscal quarter141
Period start2026-01-262025-10-272025-01-27
Period end2026-04-262026-01-252025-04-27
Source accession0001045810-26-0000520001045810-26-000052; 0001045810-26-0000190001045810-26-000052
Source form10-Q10-Q (MD&A summary and revenue-by-market-platform tables) and the fourth quarter and fiscal 2026 earnings release, Exhibit 99.1 (detailed income statement and cash flow statement)10-Q
Income statement
Revenue81,615,000,00068,127,000,00044,062,000,000
Cost of revenue20,458,000,00017,034,000,00017,394,000,000
Gross profit61,157,000,00051,093,000,00026,668,000,000
Gross margin %74.9%75.0%60.5%
Research and development6,321,000,0005,512,000,0003,989,000,000
Sales general and administrative1,300,000,0001,282,000,0001,041,000,000
Total operating expenses7,621,000,0006,794,000,0005,030,000,000
Operating income53,536,000,00044,299,000,00021,638,000,000
Interest income540,000,000568,000,000515,000,000
Interest expense-102,000,000-74,000,000-63,000,000
Other income expense net15,929,000,000-180,000,000
Total other income net16,367,000,0006,098,000,000272,000,000
Income before income tax69,903,000,00050,397,000,00021,910,000,000
Income tax expense11,582,000,0007,437,000,0003,135,000,000
Net income58,321,000,00042,960,000,00018,775,000,000
Basic EPS2.41.770.77
Diluted EPS2.391.760.76
Basic shares24,286,000,00024,304,000,00024,441,000,000
Diluted shares24,391,000,00024,432,000,00024,611,000,000
Other income net5,604,000,000
Balance sheet
Cash and cash equivalents13,237,000,00015,234,000,000
Marketable debt securities37,098,000,000
Marketable equity securities30,237,000,000
Cash and marketable securities80,572,000,000
Accounts receivable net40,710,000,000
Inventories25,797,000,000
Total current assets150,995,000,000
Property and equipment net12,403,000,000
Goodwill20,894,000,000
Intangible assets net3,120,000,000
Non marketable securities43,364,000,000
Total assets259,474,000,000
Accounts payable13,097,000,000
Accrued and other current liabilities29,787,000,000
Short term debt1,000,000,000
Total current liabilities43,884,000,000
Long term debt7,470,000,000
Total debt8,470,000,000
Long term operating lease liabilities3,878,000,000
Total liabilities64,000,000,000
Total equity195,474,000,00083,843,000,000
Shares outstanding24,221,000,00024,388,000,000
NoteThe Q1 FY2027 10-Q presents balance sheets only as of April 26, 2026 and January 25, 2026. The April 27, 2025 equity and share figures here come from that 10-Q's condensed consolidated statements of shareholders' equity, and the cash balance from its condensed consolidated statements of cash flows.
Cash flow
Net income58,321,000,00042,960,000,00018,775,000,000
Stock based compensation1,928,000,0001,633,000,0001,474,000,000
Depreciation and amortization997,000,000811,000,000611,000,000
Operating cash flow50,344,000,00036,190,000,00027,414,000,000
Capex1,757,000,0001,284,000,0001,227,000,000
Free cash flow48,587,000,00034,906,000,00026,187,000,000
Net cash used in investing-26,429,000,000-30,861,000,000-5,216,000,000
Share repurchases19,312,000,0003,815,000,00014,095,000,000
Dividends paid243,000,000243,000,000244,000,000
Dividends per share0.010.01
Net cash used in financing-21,283,000,000-6,210,000,000-15,553,000,000
Cash paid for income taxes net6,979,000,000
Reportable segments
Compute & Networking
Revenue74,550,000,00039,589,000,000
Operating income53,335,000,00022,054,000,000
Graphics
Revenue7,065,000,0004,473,000,000
Operating income2,941,000,0001,640,000,000
Total segment operating income56,276,000,00023,694,000,000
Revenue by market platform
Data Center75,246,000,00062,314,000,00039,112,000,000
Data Center - Hyperscale37,869,000,00033,814,000,00017,599,000,000
Data Center - AI Clouds, Industrial & Enterprise37,377,000,00028,500,000,00021,513,000,000
Edge Computing6,369,000,0005,813,000,0004,950,000,000
Revenue by customer headquarters
United States63,769,000,00025,685,000,000
Taiwan12,006,000,0007,648,000,000
China (including Hong Kong)4,550,000,0009,659,000,000
Other1,290,000,0001,070,000,000
CoverageThe quarterly summary and the revenue split come from the MD&A tables in the Q1 FY2027 10-Q, which show this quarter as the sequential comparison column. The detailed income statement and cash flow statement come from NVIDIA's fourth quarter and fiscal 2026 earnings release (accession 0001045810-26-000019), whose Exhibit 99.1 presents three-months-ended January 25, 2026 columns alongside the twelve-month columns. Neither the FY2026 10-K nor the 10-Q presents a stand-alone fourth-quarter income statement or cash flow statement; the 10-K's statements cover the full fiscal year. No separate fourth-quarter balance sheet is needed or presented, because a balance sheet is a point-in-time statement: the January 25, 2026 balance sheet is NVIDIA's fiscal 2026 year-end balance sheet, reported on the face of the 10-K and again as the comparative column of the 10-Q, and it is carried in the fiscal 2026 annual entry above.
Balance sheet referenceThe January 25, 2026 balance sheet for this quarter-end is the fiscal 2026 year-end balance sheet reported in the annual entry for fiscal year 2026 above.

NVDA trailing twelve month income statement and cash flow

2026-04-26
Period end2026-04-26
DerivationFiscal year 2026 (ended January 25, 2026, from the FY2026 10-K) plus the first quarter of fiscal 2027 (ended April 26, 2026) minus the first quarter of fiscal 2026 (ended April 27, 2025), both from the Q1 FY2027 10-Q.
Source accessions0001045810-26-000021; 0001045810-26-000052
Revenue253,491,000,000
Gross profit187,952,000,000
Operating income162,285,000,000
Net income159,613,000,000
Operating cash flow125,648,000,000
Capex6,572,000,000
Free cash flow119,076,000,000

Adjustments

Value
Splits applied
1.
Date2021-07-20
Ratio4:1
TreatmentPredates every period presented; no adjustment needed.
2.
Date2024-06-10
Ratio10:1
TreatmentThe FY2026 10-K already presents fiscal 2024, 2025 and 2026 per-share amounts and share counts on a post-split basis, so all EPS, share counts and dividends per share below are split-adjusted as filed. No further adjustment was applied.
ADR ration/a
FXNone. NVIDIA reports in U.S. dollars; no currency conversion was required.

Notes

  • Business type: NVIDIA is an accelerated-computing semiconductor and systems company, so the standard product-company template (revenue, cost of revenue, gross profit, operating income, net income, EPS; cash, debt, assets, equity; operating cash flow, capital expenditures, free cash flow) is the right frame. Because the company's results are dominated by one end market, the reportable-segment and end-market revenue splits from the segment notes are reported alongside the standard lines.
  • All annual figures come from the FY2026 Form 10-K (accession 0001045810-26-000021), which presents three years of income statement and cash flow data (fiscal 2026, 2025 and 2024) and two years of balance sheet data (January 25, 2026 and January 26, 2025). Only those periods are reported here; no earlier filings were used.
  • All quarterly figures come from the Form 10-Q for the quarter ended April 26, 2026 (accession 0001045810-26-000052), which presents the first quarter of fiscal 2027 and the prior-year first quarter of fiscal 2026. Because the first quarter is also the year-to-date period, no separate year-to-date column exists.
  • Capital expenditures use the cash flow statement line 'Purchases related to property and equipment and intangible assets.' NVIDIA separately reports 'Principal payments on property and equipment and intangible assets' within financing activities ($101 million in fiscal 2026, $129 million in fiscal 2025, $74 million in fiscal 2024, and $33 million in the first quarter of fiscal 2027); those financed-purchase payments are not included in the capex figures above. Free cash flow is operating cash flow less capital expenditures.
  • Total debt is the sum of short-term debt and long-term debt from the balance sheet, which matches the net carrying amount of the senior notes in the debt note ($8,468 million at January 25, 2026 and $8,470 million at April 26, 2026). It excludes operating lease liabilities. NVIDIA had no commercial paper outstanding at either date, against a program capacity increased to $25.0 billion in January 2026.
  • Fiscal 2026 revenue of $215.9 billion was up 65% from fiscal 2025, which in turn was up 114% from fiscal 2024. Gross margin fell from 75.0% in fiscal 2025 to 71.1% in fiscal 2026 as the business shifted from Hopper HGX systems to full Blackwell datacenter solutions and absorbed a $4.5 billion charge for H20 excess inventory and purchase obligations recorded in the first quarter of fiscal 2026.
  • That $4.5 billion H20 charge is why the prior-year comparative quarter (ended April 27, 2025) shows a 60.5% gross margin against 74.9% in the quarter ended April 26, 2026.
  • First-quarter fiscal 2027 net income of $58.3 billion includes $15.9 billion of other income, which is primarily net gains on equity securities. Operating income of $53.5 billion is the better measure of the quarter's operating performance.
  • Segment operating income totals exceed consolidated operating income because stock-based compensation, corporate infrastructure and support costs, acquisition-related costs and other enterprise-level items are not allocated to the two reportable segments. For fiscal 2026, segment operating income of $139,297 million reconciles to consolidated operating income of $130,387 million through $6,386 million of stock-based compensation, $1,997 million of unallocated operating expenses and $527 million of acquisition-related and other costs.
  • The annual end-market split (Data Center, Gaming, Professional Visualization, Automotive, OEM and Other) is the presentation used in the FY2026 10-K. Beginning with the first quarter of fiscal 2027 NVIDIA changed to a market-platform presentation of Data Center (split into Hyperscale and AI Clouds, Industrial & Enterprise) and Edge Computing, and recast the comparable quarters. The two presentations are therefore not directly comparable, and the quarterly rows above use the new market-platform framework as filed.
  • Geographic revenue is presented on a customer-headquarters basis. NVIDIA changed to this basis in the third quarter of fiscal 2026 and recast prior periods; the 10-K notes that in fiscal 2026 an estimated 76% of Data Center revenue from Taiwan-headquartered customers was attributed to end customers based in the United States and Europe, so headquarters location differs from end-customer location.
  • Fiscal 2026 investing activities include $13.0 billion paid for Groq, Inc. and $17.5 billion of purchases of non-marketable equity securities; the first quarter of fiscal 2027 includes a further $18.6 billion of purchases of non-marketable securities. These investment outflows, not capital expenditures, are the reason investing cash outflows are far larger than capex.
  • Per-share figures are presented as filed and already reflect the ten-for-one stock split of June 10, 2024; the FY2026 10-K restates fiscal 2024 and 2025 on that basis. The four-for-one split of July 20, 2021 predates all periods presented.
  • Dividends declared and paid were $0.016 per share in fiscal 2024, $0.034 in fiscal 2025 and $0.04 in fiscal 2026, and $0.01 in the first quarter of fiscal 2027. The 10-Q discloses that on May 18, 2026 NVIDIA increased the quarterly dividend from $0.01 to $0.25 per share, payable June 26, 2026 to holders of record on June 4, 2026, an increase that falls after the quarter covered by these figures.
  • The Q1 FY2027 10-Q separates the January 25, 2026 marketable securities balance into marketable debt securities of $39,065 million and marketable equity securities of $12,886 million; these sum to the $51,951 million single line reported on the FY2026 10-K balance sheet. Certain prior-year balances were reclassified to conform to the current presentation.
  • The fiscal 2026 gross margin of 71.1% and fiscal 2025 gross margin of 75.0% are as stated in the 10-K's percentage-of-revenue table. The fiscal 2024 gross margin of 72.7% is computed from the income statement, since that table covers only two years.
  • As of April 26, 2026 NVIDIA disclosed $119 billion of manufacturing, supply and capacity commitments, of which $95 billion is expected to be paid in the remainder of fiscal 2027.

Uncertainties

  • The fourth quarter of fiscal 2026 is assembled from two sources rather than from a single stand-alone quarterly report: the summary and revenue split come from the Q1 FY2027 10-Q's management discussion, and the detailed income statement and cash flow statement come from the fourth quarter and fiscal 2026 earnings release. Figures taken from an earnings release are unaudited and are not presented with the note disclosures that accompany a 10-Q or 10-K, though the twelve-month columns of that release agree line for line with the audited fiscal 2026 statements in the 10-K. The quarter's segment revenue and operating income under the reportable-segment framework, and the geographic revenue split, are not broken out for the fourth quarter in either source.
  • The trailing-twelve-months block is arithmetic derived from the two filings (fiscal 2026 plus the first quarter of fiscal 2027 minus the first quarter of fiscal 2026); it is not a figure NVIDIA reports.
  • The FY2026 10-K presents only a two-year balance sheet, so the January 28, 2024 entry is limited to total shareholders' equity, shares outstanding and the closing cash balance taken from the equity and cash flow statements. Total assets, debt and other balance sheet lines for that date are not available in the filings covered here.
  • Similarly, the April 27, 2025 balance sheet is not presented in the Q1 FY2027 10-Q; only equity, shares outstanding and the closing cash balance for that date are reported above.
  • Total debt as reported here is borrowings only. Readers comparing against sources that include operating lease liabilities in debt will see a higher figure; NVIDIA's long-term operating lease liabilities were $2,572 million at January 25, 2026 and $3,878 million at April 26, 2026, with current portions included within accrued and other current liabilities.
  • Fiscal 2026 depreciation and amortization of $2,843 million is the consolidated cash flow statement figure. The segment note's segment-level depreciation and amortization ($1.6 billion for Compute & Networking and $590 million for Graphics) excludes acquisition-related intangible amortization, which is not allocated to segments, so the segment amounts do not sum to the consolidated total.

Company details

Value
NameNvidia Corp
TickerNVDA
CIK0001045810
ExchangeNasdaq
StateCalifornia
IncorporationDelaware
SIC3674
OfficeManufacturing
IndustrySemiconductors & Related Devices

Fiscal period

FY2027
Fiscal year2027
Fiscal periodQ1
TagFY27Q1
Period end2026-04-26
Form10-Q
Accession0001045810-26-000052
Fiscal year end0131
Sourcefacts

FAQ · NVIDIA financial statements

How much revenue did NVIDIA report in Q1 FY2027?

NVIDIA Corporation reported $81.61 billion in revenue for Q1 FY2027, the quarter ended April 26, 2026. That is up 85.2% from $44.06 billion in the same quarter a year earlier.

What were NVIDIA's earnings in Q1 FY2027?

NVIDIA Corporation reported net income of $58.32 billion and diluted earnings per share of $2.39 for Q1 FY2027, against $18.77 billion and $0.76 a year earlier. Operating income was $53.54 billion, so a meaningful part of the gap between the two lines came from unrealized gains on equity investments rather than from operations.

How much of NVIDIA's revenue comes from data centers?

Data Center revenue was $75.25 billion of NVIDIA Corporation's $81.61 billion total in Q1 FY2027, up 92.4% from $39.11 billion a year earlier. NVIDIA now reports Data Center and Edge Computing as its two market platforms.

What is NVIDIA's gross margin?

NVIDIA Corporation's gross margin was 74.9% in Q1 FY2027, up 14.4 points from 60.5% a year earlier, when the figure was held down by a charge for H20 inventory and purchase obligations that could not be shipped to China.

Where can I get NVIDIA Corporation (NVDA) financial data in machine-readable form?

Ticker Scout publishes NVIDIA Corporation's financial statements as JSON at https://tickerscout.ai/nvda/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/nvda/narrative.md and https://tickerscout.ai/nvda/events.md. NVIDIA Corporation's SEC CIK is 0001045810. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

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