NVIDIA Q1 Revenue Soars to $81.6B; Vera CPUs Set for Q3 Launch, Targeting $20B FY27 Sales
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NVIDIA reported Q1 revenue of $81.6 billion, with data center sales reaching $75.2 billion, and provided strong Q2 revenue guidance of $91 billion. The company announced its Vera Rubin CPUs will begin shipping in Q3, with management projecting $20 billion in standalone FY27 revenue from these new CPUs. This follows the 8-K and 10-Q filings from May 20th, which initially disclosed the record Q1 revenue and an $80 billion share repurchase authorization, along with a dividend hike to $0.25. The robust financial performance and aggressive Q2 guidance underscore NVIDIA's continued dominance in AI, while the upcoming Vera CPU launch with a substantial revenue target signals a significant new growth driver. Traders will monitor the actual Q3 Vera CPU shipments and initial sales figures to assess the ramp-up against the $20 billion FY27 revenue target.
At the time of this announcement, NVDA was trading at $220.12 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.3T. The 52-week trading range was $129.16 to $236.54. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.