Nvidia's fiscal Q1 2027 revenue hits record $81.6 billion, up 85% year over year, as stock continues to outperform three-year skepticism about valuation.

Nvidia reported fiscal Q1 2027 revenue of $81.6 billion, up 85% year over year, with data center revenue rising 92% year over year to $75.2 billion. The company achieved its 14th consecutive quarter of revenue growth and maintains a 74.9% profit margin.

Despite holding a market cap over $5 trillion, Nvidia trades at 25 times forward earnings—significantly lower than semiconductor peers Advanced Micro Devices (61× forward earnings) and Broadcom (37× forward earnings)—suggesting the stock is not particularly expensive relative to earnings.

CEO Jensen Huang projected at Nvidia's 2026 GTC conference that the company's Blackwell and Vera Rubin GPUs would see at least $1 trillion in sales through 2027. Nvidia expects approximately $91 billion in revenue in fiscal Q2 2027.

52 of 54 analysts covering Nvidia rate it a buy, with an average price target of $299, representing a 35% increase from the article's time of writing.