NVIDIA First Quarter 2027 Results Update

NVIDIA reported a significant F1Q27 beat and provided robust F2Q guidance, fueled by insatiable AI demand and expansion into non-hyperscale markets. Despite the strong execution and increased dividend, Deutsche Bank maintains a Hold rating with a raised price target of $255.

Key Takeaways

• 1.NVIDIA delivered another beat-and-raise quarter with F1Q27 revenue of $81.6b (+5% vs. guidance) and F2Q27 guidance of $91b.
• 2.Management expects to outgrow hyperscaler capex by expanding into Enterprise, Sovereign AI, and agentic AI-driven CPU demand.
• 3.The company significantly increased shareholder returns, raising its dividend to $0.25 per share and initiating a new $80b share repurchase authorization.

Table of Contents

• F1Q27 (Apr) Results: Pulling all the levers
• Positives outweigh negatives
• Valuation & Risks
• Maintain Hold rating, raise P/T to $255
• Details
• Guidance and estimate revisions
• Appendix 1

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial