NVIDIA Q1 FY2027 Earnings May 20 & Aftermath
Key Questions
What were the key financial results from NVIDIA's Q1 FY2027 earnings?
NVIDIA reported $81.62B in revenue, up 85% year-over-year, with EPS of $1.87 and a Q2 revenue guide of $91B. The company also announced an $80B buyback and a 25x dividend increase, though operating expenses rose 49%.
How did NVIDIA's stock perform after the earnings release?
The stock dipped post-print amid higher OpEx and market reactions, closing at $205.10 on heavy volume with further drops tied to regulatory news and peer results. It has shown volatility with put-heavy trading and underperformed peers YTD.
What is NVIDIA's outlook on Vera Rubin and CPU opportunities?
Earnings commentary highlighted Vera Rubin second-half shipments as a key test, with the new CPU seen as having $20B potential and positioned as the biggest addition since the GPU. New segmentation points to a $200B CPU TAM and ACIE growth.
What analyst price targets and views have been issued post-earnings?
BofA reiterated a $350 target, with others citing $360 and $400 PTs while noting valuation risks and demand concerns. Dan Loeb called the stock reasonably valued at 15x forward 2027 earnings and still undervalued at a $5T market cap.
What recent risks or upgrades have impacted NVIDIA?
The company faces regulatory risks from U.S. efforts to close AI chip export loopholes to China and potential testimony on sales, alongside S&P's upgrade to an 'AA' credit rating on AI growth. Articles also note cheaper valuations at 23x P/E and three reasons to buy in June due to rising profit targets.
Results released: $81.62B rev (+85% YoY), EPS $1.87, $91B Q2 guide, $80B buyback + 25x dividend hike. Stock dipped post-print; OpEx +49%. Earnings call adds Vera Rubin outlook, agentic AI focus, $49B FCF. New segmentation shows $200B CPU TAM, ACIE growth, Vera CPU ~$20B potential. CFO Kress: H100/A100 rental prices rising 20%/15% in 2026 signaling shortages/pricing power. Post-earnings analyst PT tweaks: BofA reiterates $350 (Arya), deep-dive $360 PT, critical video questions $400 target (valuation risks, demand cliff). New (May 25-27): Full call recording, market sentiment shift, Burry bearish warning, COMPUTEX catalyst (June 2), volatility analysis (put-heavy), cheap 22x fwd P/E, analyst Q&A on Vera Rubin inference share and CPU cannibalization. New (May 29-30): Huawei LogicFolding AI chip threat (10% drop from ATH), S&P earnings concentration risk (NVDA + Micron), depreciation trap/ROI concerns. New (June 1): Dan Loeb calls NVDA reasonably valued at 15x forward 2027 earnings. New (June 2): U.S. moves to close NVIDIA AI chip export loophole for Chinese firms abroad – significant regulatory risk. New (June 2): Huang explicitly warns AI demand could keep supply tight through 2027, reinforcing the post-earnings narrative; Vera Rubin second-half shipments are the key test. New (June 2): BofA reiterates buy and $350 PT after GTC, highlighting Vera CPU as 'single greatest new addition since the GPU' with $20B H2 FY2027 sales outlook. New (June 3): NVIDIA invested $2B into Marvell Technology (MRVL), signaling a strategic bet on networking as the next AI infrastructure bottleneck. New (June 3): Detailed analysis of Vera CPU $20B revenue target and bundling strategy to bypass x86 duopoly. New (June 3): NVDA dropped 5.9% on strong jobs report and Senator Warren's call for Huang to testify June 11 about China chip sales – adds near-term regulatory overhang. Stock closed at $205.10 on 218M volume; crypto angle also cited. New (June 7 context): TSMC embedding Nvidia tech into manufacturing infrastructure deepens moat; NVDA underperforms peers YTD despite Vera Rubin production and RTX Spark launch. New (June 8): Dan Loeb doubles down, calling NVDA still undervalued at $5T, highlighting hedge funds structurally shorting NVDA as a psychological hurdle. A new video comparison argues NVDA wins vs AVGO on every metric, reinforcing relative value. New (June 10): NVDA dropped 3.31% on Jun 10, driven by Broadcom's cautious AI guide, sticky CPI, Middle East tensions, and institutional rebalancing for SpaceX/OpenAI IPOs. Adds to near-term volatility. New (June 10): S&P upgrades NVDA credit rating to 'AA' on strong AI-driven growth, reinforcing financial health. New (June 10): Bullish article highlights higher profit targets, cheaper valuation, strong growth as reasons to buy NVDA in June. New (June 11): NVIDIA swept MLPerf benchmarks, announced HPE/Equinox partnerships, Coherent fab progress, and a $25B bond sale. Annual meeting set for June 24. New analysis flags product cannibalization risk (Vera vs. existing GPUs).