Live: Nvidia's Q1 Earnings Tonight Could Send Shockwaves Across the Market

NVIDIA is scheduled to release Q1 FY2027 results at 4:20 PM ET on May 20, with investors focused on strong performance. The prior quarter delivered Q4 FY2026 revenue of $68.13 billion, up 73.2% year over year, and non-GAAP EPS of $1.62 versus $1.52 consensus. Data Center revenue reached $62.31 billion, rising 75% year over year, while networking surged 263% year over year to $10.98 billion driven by NVLink demand for GB200 and GB300 systems. Commitments include multiyear partnerships and large-scale AI deployments. Expectations center on Data Center revenue above $70B, continued networking momentum, gross margin guidance around 75% to 76%, and potential upside from China compute revenue if export rules change.

"Investors are watching NVIDIA ( NASDAQ: NVDA | NVDA Price Prediction) ahead of its Q1 FY2027 results, which are expected at 4:20 PM ET today, May 20. Expectations are high heading into earnings, with shares currently around $224.09 and the company trading at a $5.38 trillion market cap."

"Last quarter set a high bar. Q4 FY2026 revenue hit $68.13 billion, up 73.2% YoY, with non-GAAP EPS of $1.62 versus $1.52 consensus. Data Center revenue reached $62.31 billion (+75% YoY), with networking exploding 263% YoY to $10.98 billion on NVLink demand for GB200 and GB300 systems."

"Since then, NVIDIA has stacked up commitments: a multiyear Meta partnership covering millions of Blackwell and Rubin GPUs, an Anthropic deal scaling Claude on Azure, OpenAI's 10 GW deployment, and CoreWeave's 5+ gigawatts of AI factories by 2030. Shares are up 18.3% year-to-date and 62.77% over the past year."

"I'll be watching three things with Nvidia's Q1 earnings tonight. First, the Data Center results. NVIDIA has topped its own revenue guidance in every quarter of FY2026, with last quarter's actual 4.8% above the $65B guide. Second, networking. The 263% YoY explosion in Q4 networking revenue was a real surprise last quarter and shows that NVLink is becoming the moat. Third, margins and China."

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