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NVIDIA's First-Quarter Results Exceed Expectations with Strong Chip Sales and Optimistic Outlook
1 day ago /
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Author：小编
NVIDIA (NVDA) released its first-quarter financial results for fiscal year 2027 after the market closed on May 20 (Eastern Time), reporting revenue of $81.6 billion, up 85% year-over-year and surpassing market expectations of $78.672 billion. Net income reached $58.3 billion, a 211% increase year-over-year, exceeding market expectations of $42.244 billion. Revenue from the data center business surged by 92% year-over-year to $75.2 billion. The company expects revenue for the second quarter of fiscal year 2027 to be between $89.1 billion and $92.8 billion, higher than Wall Street's expectation of $87.3 billion. After the earnings release, NVIDIA's stock price initially fell more than 3% in after-hours trading before turning positive.
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