trade.var.gg / Earnings
NVDA · FY2027-Q1 · May 20, 2026 release

NVDA FY2027-Q1 earnings: The stock fell as the China revenue gap and elevated growth expectations were repriced.

First regular close-1.77%down

The stock fell 1.77% at the first regular close. Despite $81.615B of revenue and $48.554B of FCF, the $0 China Data Center compute assumption weighed on the outlook.

Official factsNegative reactionOfficial release

Key takeaways

  • The stock fell 1.77% at the first regular close, consistent with repricing of the $0 China Data Center compute assumption and elevated growth expectations.
  • FY2027 Q1 revenue was $81.615B, Data Center revenue was $75.246B, and Non-GAAP EPS was $1.87.
  • Operating cash flow was $50.344B, and FCF was $48.554B.
  • FY2027 Q2 revenue guidance was $91.0B, while the outlook assumed $0 of China Data Center compute revenue.
Stock reaction
-1.77%
First regular close
Revenue
$81.61B
FY2027-Q1
Non-GAAP EPS
$1.87
FY2027-Q1
Data Center
$75.25B
Growth / demand
China revenue assumption
$0
Cost / pressure

Why did the stock fall?

At the first regular close after the release, the stock fell 1.77%. FY2027 Q1 revenue was $81.615B, Data Center revenue was $75.246B, and Non-GAAP EPS was $1.87. Operating cash flow was $50.344B, and FCF was $48.554B. FY2027 Q2 revenue guidance was $91.0B, while the outlook assumed $0 of China Data Center compute revenue. The first-close decline can be interpreted as repricing of the China Data Center compute revenue gap and elevated growth expectations, rather than direct evidence of weak AI infrastructure demand.

Demand signals

Data Center
AI infrastructure demand
$75.25B
Next-quarter revenue guide
Company guidance
$91B
FCF
Cash generation
$48.55B
Buyback authorization
Capital return
$80B

What pressured the stock

China revenue assumption
China revenue headwind
$0
Stock reaction
First regular close
-1.77%

This interpretation links official reported numbers with first regular close reaction. Consensus-relative beat/miss wording is not included yet.

Reported numbers

Actual reported numbers from official or allowed sources. Consensus-relative judgments are excluded.

MetricPeriodValue
RevenueFY2027 Q1$81.61B
Data CenterFY2027 Q1$75.25B
Edge ComputingFY2027 Q1$6.4B
GAAP EPSFY2027 Q1$2.39
Non-GAAP EPSFY2027 Q1$1.87
Non-GAAP marginFY2027 Q175.0%
Operating cash flowFY2027 Q1$50.34B
FCFFY2027 Q1$48.55B
Next-quarter revenue guideFY2027 Q2 outlook$91B
China revenue assumptionFY2027 Q2 outlook$0
Buyback authorizationFY2027 Q1$80B

Market reaction data

Calculated from the first regular-session close after the release.

Change
-1.77%
Baseline$223.21
Reaction$219.25
Session2026-05-21
BasisFirst regular close

Analysis evidence

Evidence linking the narrative to official numbers and price data. Expand if you want the detail.

Show 6 evidence items

At the first regular close after the release, the stock fell 1.77%.

Market reaction
ObservedMarket reaction
Market data: The first regular-close reaction row in the context records a price change of -1.772054%.

FY2027 Q1 revenue was $81.615B, and Non-GAAP EPS was $1.87.

Demand
Observed
Reported number: The reported-number row lists FY2027 Q1 revenue of $81.615B.
Reported number: The reported-number row lists FY2027 Q1 Non-GAAP EPS of $1.87.
Source: The official financial-results release reports revenue and Non-GAAP EPS.

Data Center revenue was reported at $75.246B.

segment
Observed
Reported number: The reported-number row lists FY2027 Q1 Data Center revenue of $75.246B.
Source: The official financial-results release reports Data Center revenue.

Operating cash flow was $50.344B, and FCF was $48.554B.

margin
Observed
Reported number: The reported-number row lists FY2027 Q1 operating cash flow of $50.344B.
Reported number: The reported-number row lists FY2027 Q1 FCF of $48.554B.
Source: The official financial-results release reports operating cash flow and FCF.

FY2027 Q2 revenue guidance was $91.0B, while the outlook assumed $0 of China Data Center compute revenue.

Guidance
ObservedCompany guidance
Reported number: The reported-number row lists FY2027 Q2 revenue guidance of $91.0B.
Reported number: The reported-number row assumes $0 of China Data Center compute revenue.
Source: The official financial-results release provides the FY2027 Q2 revenue outlook and China revenue assumption.

The first-close decline can be interpreted as repricing of the $0 China Data Center compute revenue assumption and elevated growth expectations, rather than direct evidence of weak AI infrastructure demand.

Market reaction
InterpretationMarket reaction
Market data: The first regular-close price reaction was -1.772054%.
Reported number: The next-quarter outlook assumed $0 of China Data Center compute revenue.
Reported number: FY2027 Q1 revenue was reported at $81.615B.
Source: The official reported results and China revenue assumption provide the basis for interpreting the stock reaction.

Sources

Public sources used for the page.

NVIDIA Announces Financial Results for First Quarter Fiscal 2027
Official releaseMay 20, 2026
NVIDIA Corporation historical daily prices around May 21, 2026
Price data

Verification scope

Reported facts
Official reported facts are displayed.

Market reaction
Based on the first regular close after release.

Narrative scope
Narrative links official facts with market reaction.