NVIDIA (NVDA) Q1 FY27 Net Income Jumps 211% to $58.3B on 85% Revenue Growth

NVIDIA Corporation (NASDAQ: NVDA) reported first-quarter fiscal year 2027 results on Wednesday, May 20, with net income reaching $58.3 billion — a 211% increase year-over-year — while revenue rose 85% to $81.6 billion, according to the company's official earnings release filed with the SEC. The results sent stock futures higher the following morning, with NVDA last trading at $223.47 on Wednesday, May 20.

Q1 FY27 Results

• Net income: $58.3 billion, up 211% year-over-year
• Revenue: $81.6 billion, up 85% year-over-year
• Growth drivers: Revenue expansion was attributed to hyperscalers, AI cloud providers, enterprise customers, and sovereign customers, per the Yahoo-sourced summary
• SEC filing: Results of Operations disclosed via 8-K filing on May 20, 2026 (Item 9.01)

What Drove the Results

According to reporting on the earnings release, demand from hyperscalers, AI cloud platforms, enterprise clients, and sovereign customers collectively propelled NVIDIA's top-line growth in the quarter. The breadth of demand across multiple customer categories suggests the company's data center-oriented business is drawing from a wide pool of buyers rather than a single concentrated segment.

The 211% jump in net income significantly outpaced already strong revenue growth, indicating meaningful operating leverage in the business during the period. NVIDIA's forward price-to-earnings ratio of 19.32x, as noted by ChartMill, sits below industry peers — a dynamic that analysts and market observers have flagged as part of a Growth At A Reasonable Price (GARP) profile for the stock.

Wall Street View

Wall Street's consensus on NVIDIA remains firmly positive heading into these results. As of May 1, 2026, 24 analysts rated the stock Strong Buy, 42 rated it Buy, 4 rated it Hold, and just 1 rated it Sell — a distribution that was unchanged from the prior month's April 1 consensus. The consistency of that ratings distribution, combined with a forward P/E of 19.2x (TTM — may not reflect latest quarter), has reinforced the view among analysts that NVIDIA's valuation remains grounded relative to its growth profile.

Investor Takeaway

NVIDIA's Q1 FY27 report delivered a 211% year-over-year rise in net income and 85% revenue growth, anchored by demand across hyperscalers, AI cloud providers, enterprises, and sovereign buyers. With an overwhelming analyst consensus of 66 Buy-or-better ratings out of 71 total, Wall Street's conviction in the business remains intact following these results. The combination of triple-digit net income growth and a sub-20x forward P/E — below industry peers, according to ChartMill — positions NVIDIA as a company where reported financial performance continues to draw broad institutional attention.