Nvidia's data center revenue climbed 92% year-over-year to $75.2 billion in fiscal Q1 2027, now making up 92% of total company revenue. The company guided for $91 billion in revenue next quarter, even as it shipped zero Hopper chips to China during the period.
Nvidia's data center business pulled in about $1 billion per quarter five years ago. In its most recent quarter, that figure hit $75.2 billion.
The chipmaker reported fiscal Q1 2027 results, for the period ending April 26, 2026, showing data center revenue up 92% year-over-year from $39.1 billion and 21% sequentially. Total company revenue reached $81.6 billion, an 85% jump over the same period last year, with the data center segment now responsible for roughly 92 cents of every dollar Nvidia earns.
Blackwell drives the surge
Demand for Nvidia's Blackwell architecture, its latest generation of AI accelerators, is the primary engine behind the jump. Paired with networking products like InfiniBand, Spectrum-X Ethernet, and NVLink, the Blackwell platform has become the infrastructure backbone for companies racing to build and scale AI systems.
Hyperscale customers accounted for roughly half of data center revenue at $37.9 billion. The remaining $37.4 billion came from what Nvidia categorizes as AI, cloud, and enterprise infrastructure. CEO Jensen Huang pointed to agentic AI as a key demand driver during the earnings call around May 20-21, 2026, referring to systems that can autonomously plan, reason, and execute tasks.
Net income for the quarter came in at $58.3 billion. Gross margins held steady at 74.9% on a GAAP basis and approximately 75% non-GAAP.
China absent from the numbers
Nvidia shipped zero Data Center Hopper products to China during the quarter, compared with $4.6 billion in China-bound Hopper revenue in the year-ago period. US export restrictions have effectively shut Nvidia out of one of the world's largest AI markets, at least for its most advanced chips.
Yet Nvidia still posted 92% data center growth despite losing that annual run-rate of China revenue, pointing to strong demand elsewhere.
Guidance points to $91 billion
Nvidia guided for $91 billion in revenue next quarter, which would mark sequential growth of roughly 12% and put the company on a run-rate approaching $360 billion annually. The 92% concentration of revenue in data centers leaves Nvidia largely a one-segment company, with gaming, automotive, and professional visualization together contributing just 8% of revenue.
Source: Crypto Briefing
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