Nvidia Forecasts 77% Q1 Revenue Growth to $78B, Eyes China Deals
Nvidia forecasts Q1 FY2027 revenue of $78 billion, a 77% year-over-year increase, and expects a 74% gross margin as it prepares to report earnings on May 20. It surpassed a $5.7 trillion market cap, with investors keen on CEO Jensen Huang’s commentary about China chip deals and capital returns.
1. Q1 FY2027 Revenue and Margin Outlook
Nvidia forecasts Q1 FY2027 revenue of $78 billion, a 77% jump year-over-year, driven by robust AI data center demand, and expects a 74% gross margin reflecting strong pricing power and operational leverage.
2. Record Market Capitalization
The company’s market cap crossed $5.7 trillion after shares hit all-time highs, cementing its status as the largest public company and highlighting investor confidence in its AI leadership.
3. China Deal Commentary and Capital Return Expectations
Investors will focus on CEO Jensen Huang’s insights into potential China chip sale agreements secured during his Beijing visit and any announced share repurchase or dividend strategies to return capital to shareholders.