NVIDIA projects $91.0 billion in Q2 FY27 revenue, excluding China, after Q1 Data Center sales surged 92% year over year.
NVIDIA guided to $91.0 billion in revenue for Q2 FY27, a 2% margin above or below, excluding China Data Center sales. The outlook follows a record Q1 where revenue hit $81.61 billion, up 85.2% year over year and surpassing expectations.
Q1 Data Center revenue reached $75.25 billion, a 92% annual increase, while Networking revenue soared 199% to $14.8 billion. Non-GAAP gross margin expanded to 75.0%, and net income jumped 210.63% to $58.32 billion. Free cash flow totaled $48.55 billion, easing concerns over sustainability.
The company’s guidance implies sequential acceleration on a $250 billion trailing revenue base, with CEO Jensen Huang calling AI infrastructure expansion the largest in history. Google Cloud and other partners deepened commitments to NVIDIA’s AI platforms.