Nvidia CEO Jensen Huang said demand has gone 'parabolic' as agentic AI systems begin doing real work, backed by fiscal Q1 2027 revenue of $81.6 billion, up 85% year over year.

Nvidia's fiscal first quarter revenue (ended April 26, 2026) reached $81.6 billion, up 85% from a year earlier. Data center revenue climbed 92% year over year to $75.2 billion. Non-GAAP earnings per share rose 140% year over year to $1.87.

CEO Jensen Huang attributed the acceleration to agentic AI—systems that can reason, plan, and carry out tasks on their own rather than just answer a prompt—finally arriving and starting to do real work.

Nvidia raised its quarterly dividend 25-fold from $0.01 to $0.25 per share and authorized another $80 billion in share repurchases. The company returned about $20 billion to shareholders during the quarter against free cash flow that approached $49 billion.

Management reiterated that Blackwell and the coming Vera Rubin platform together represent about $1 trillion in revenue visibility from 2025 through calendar 2027. Total supply commitments swelled to about $145 billion, with inventory rising to $25.8 billion from $21.4 billion in three months.