Nvidia Q1 Earnings: Profit jumps to $58.3 billion on record revenue amid AI boom; announces $80 billion share buyback
Nvidia, the world’s most valuable company, on Wednesday reported strong quarterly earnings, blowing past Wall Street forecasts, boosted by robust demand for its high-end artificial intelligence (AI) chips.
The company’s net profit jumped to $58.3 billion, or $2.39 per share, during the first quarter of fiscal 2027, ending April 26, more than tripling from $18.8 billion in the year-earlier period. Excluding one-time items, Nvidia earned $1.76 per share.
