BlockBeats News, May 21st, NVIDIA released its Q1 FY2027 earnings report after the US stock market closed on Wednesday. The revenue was $81.6 billion, with the market expecting $78.672 billion. The data center business revenue was $75.2 billion, surpassing the market expectation of $72.8 billion.

NVIDIA also announced an $80 billion stock repurchase plan and will increase the quarterly cash dividend from $0.01 per share to $0.25 per share. Furthermore, NVIDIA's data center spending, the main source of company revenue, has not shown any signs of slowing down. NVIDIA expects revenue in the second quarter to be $91 billion ( / - 2%), with the market's median expectation at $86.788 billion. However, the highest forecast reached $96 billion at one point.

This outlook has disappointed investors who are accustomed to NVIDIA consistently exceeding expectations. The company's dominant position in the field of AI computing is also facing its first major challenge as numerous chip manufacturers are trying to get a piece of the pie. After the earnings announcement, NVIDIA's stock fell by about 3% in after-hours trading, but later narrowed to flat.