NVIDIA reported first-quarter fiscal 2027 revenue of $81.6 billion（約13兆円）, up 85% year over year, driven by AI infrastructure demand, while maintaining a strong balance sheet with far more cash and investments than debt.

What happened: On May 20, NVIDIA reported first-quarter fiscal 2027 revenue of $81.6 billion（約13兆円）, up 85% year over year. Data Center revenue rose 92% to $75.2 billion（約12兆円）, with compute revenue up 77% to $60.4 billion（約9.7兆円） and networking revenue up 199% to $14.8 billion（約2.4兆円）.

Why it matters: The growth is being driven by buildout of AI infrastructure (also called AI factories) across hyperscale cloud, enterprise, sovereign AI, and industrial computing markets. At the same time, NVIDIA's balance sheet shows financial strength—the company had $13.24 billion（約2.1兆円） in cash and cash equivalents plus $37.10 billion（約5.9兆円） in marketable debt securities, compared with only $1.00 billion（約1600億円） in short-term debt and $7.47 billion（約1.2兆円） in long-term debt as of April 26, 2026. This means the company can sustain high growth without taking on heavy debt burdens.

What to watch: NVIDIA announced an additional $80.0 billion（約13兆円） share repurchase authorization, signaling confidence in its cash-generating power. The company's ability to maintain this growth momentum depends on continued demand for AI infrastructure across multiple markets.