To The Moon

1. $NVIDIA(NVDA)$ First Quarter Earnings Report: Earnings and Revenue Both Exceed Expectations

• Revenue: $81.6 billion, up 20% sequentially and 85% year-over-year, a record high, significantly exceeding Wall Street expectations ($78.8-79.2 billion)

• Data Center Business (Core AI Driven): $75.2 billion, up 92% year-over-year, a record high, accounting for over 92% of total revenue.

• Earnings Per Share (EPS, non-GAAP adjusted): $1.87, exceeding analyst expectations ($1.76-1.78)

• Gross Margin: Remained at a high level of approximately 75% (Q2 guidance also solid)

• Q2 FY2027 Guidance: Revenue approximately $91 billion (significantly upward revised), gross margin approximately 75% (±50 basis points)

• An additional $80 billion in share buybacks was authorized, and the quarterly cash dividend was significantly increased from $0.01 to $0.25. Overall, the financial report exceeded expectations across the board, with strong demand for AI infrastructure.

  

Three key highlights:

• Explosive growth in data center business, with AI demand continuing to exceed expectations: Revenue of $75.2 billion, a 92% year-over-year increase, far surpassing the previous quarter. Strong purchases from the Blackwell platform and sovereign AI and cloud giants drove overall revenue to a new high, highlighting NVIDIA's absolute dominance in the AI ​​computing power field.

• Revenue and EPS significantly beat expectations, with optimistic upward revisions to Q2 guidance: Revenue exceeded expectations by nearly $3-4 billion, and EPS also significantly exceeded expectations. Q2 guidance was directly raised to $91 billion, showing the company's strong confidence in the AI ​​capital expenditure cycle. Gross margin remained high (75%), demonstrating strong profitability.

• Significant capital returns and upgraded shareholder-friendly policies: An additional $80 billion in share buyback authorization + a 25-fold increase in dividends ($0.01 → $0.25).

2. NVIDIA Q1 Fiscal Year 2027 Earnings Call Summary

CEO — Jensen Huang

➤ “Demand is growing parabolically. The reason is simple: the era of intelligent agents and artificial intelligence has arrived.”

➤ “Artificial intelligence has become an essential tool for boosting productivity across all industries and roles.”

➤ “Computing is revenue. Computing is profit.”

➤ “NVIDIA is the only platform capable of running all cutting-edge AI models.”

➤ “Our market share in cutting-edge AI computing is growing steadily.”

➤ “Our market share in inference is growing very rapidly.”

➤ “Vera has opened up a whole new $200 billion potential market for NVIDIA, a market we’ve never been in before.”

➤ “The world is rebuilding computing for agent AI and robotic physical AI.”

➤ “Physical AI and robotics will grow at an astonishing rate.”

➤ “Customers aren’t buying GPUs, they’re buying AI factories.”

➤ “NVIDIA Compute is not only the highest-performing AI infrastructure, but also the most cost-effective and easily financed infrastructure.”

➤ “Vera Rubin has had an outstanding start.”

➤ “All major hyperscale data center operators and system manufacturers are partnering with us to deploy Vera.”

CEO — Colette Kress

➤ “We had an exceptional quarter, with record highs in revenue, operating profit, and free cash flow.”

➤ “Total revenue reached $820 billion.” billion, a year-on-year increase of 85% and a month-on-month increase of 20%. "

➤ “Data center revenue reaches $75 billion, up 92% year over year.”

➤ “This is our third consecutive quarter of year-over-year growth.”

➤ "We generated record free cash flow of $49 billion."

➤ "We are increasing our quarterly dividend to $0.25 per share from $0.01." ➤ "We also announced an $80 billion share repurchase authorization."

➤ “We remain proactive in ensuring adequate supply to support our customers’ growth.”

➤ "We are confident in the $1 trillion in revenue Blackwell and Rubin expect to achieve between 2025 and 2027." - Jensen Huang

➤ “Demand is growing parabolically. The reason is simple: the era of agent artificial intelligence has arrived.”

➤ “Artificial intelligence has now become a necessity to improve productivity in all walks of life and every position.”

➤ “Calculation is revenue. Calculation is profit.”

➤ “NVIDIA is the only platform capable of running all cutting-edge AI models.”

➤ “Our market share in cutting-edge AI computing is growing steadily.”

➤ “Our market share in inference is growing very rapidly.”

➤ “Vera has opened up a whole new $200 billion potential market for NVIDIA, a market we’ve never been in before.”

➤ “The world is rebuilding computing for agent-based AI and robotic physical AI.”

➤ “Physical AI and robotics will grow at an astonishing rate.”

➤ “Customers aren’t buying GPUs, they’re buying AI factories.”

➤ “NVIDIA Compute is not only the highest-performing AI infrastructure, but also the most cost-effective and easily financed.”

➤ “Vera Rubin has had a fantastic start.”

➤ “All major hyperscale data center operators and system manufacturers are partnering with us to deploy [Vera].”

CEO — Colette Kress

➤ “We had an outstanding quarter, with record revenue, operating profit, and free cash flow.”

➤ “Total revenue reached $82 billion, up 85% year-over-year and 20% sequentially.”

➤ “Data center revenue reached $75 billion, up 92% year-over-year.”

➤ “This is our third consecutive quarter of year-over-year growth.”

➤ “We generated record free cash flow of $49 billion.”

➤ “We are increasing our quarterly dividend to $0.25 per share from $0.01.”

➤ “We are also announcing an $80 billion share buyback program.”

➤ “We remain proactive in ensuring adequate supply to support our customers’ growth.”

➤ “We are confident in achieving the $1 trillion in revenue that Blackwell and Rubin project between 2025 and 2027.”

US stocks rebounded across the board on Wednesday:

$Dow Jones(.DJI)$ rose 1.31% to 50,009.35 points, returning above 50,000; the $S&P 500(.SPX)$ rose 1.08% to 7,432.93 points; and the $NASDAQ(.IXIC)$ rose 1.54% to 26,270.36 points, ending a three-day losing streak for all three major indices.

Chip stocks surged across the board, with the $Philadelphia Semiconductor Index(SOX)$ mped over 11%, $Intel(INTC)$ rose over 8%, $Advanced Micro Devices(AMD)$ gained over 5%, and $Micron Technology(MU)$ , $Seagate Technology PLC(STX)$ , $SanDisk Corp.(SNDK)$ , and $ASML Holding NV(ASML)$ all rose over 3%.