NVIDIA is set to report fiscal Q1 2027 results with a focus on non-GAAP gross margin. Guidance calls for roughly $78.0 billion in revenue, excluding Data Center compute revenue from China, with Street expectations near $80 billion or more. Non-GAAP gross margin is guided to 75.0% plus or minus 50 basis points, aligning with Q4 FY26’s 75.2% non-GAAP margin. The stock is trading around $220.61 with a large market capitalization and an implied overnight move of about 6%. Expectations for strong year-over-year revenue and earnings growth are high, making it harder to beat consensus. Data Center revenue growth and product ramp progress support the margin outlook if pricing power holds.
"Anything south of 75% gross margins, then we can start having a different conversation. 75% is a bogey."
"The company guided Q1 FY27 revenue to roughly $78.0 billion, excluding any Data Center compute revenue from China, while Street whispers have crept toward $80 billion or more. Non-GAAP gross margin was guided to 75.0%, plus or minus 50 basis points. Q4 FY26 came in at 75.2% non-GAAP, so the 75% line is real, and management has been telegraphing it for a year."
"If you're looking for 70% earnings and sales growth year over year, that's what it's expected on like a $360 billion base. I mean, you're getting to a point where it's just going to be hard to really beat those sorts of expectations."
"Huang's Q4 commentary called Grace Blackwell "the king of inference today, delivering an order-of-magnitude lower cost per token," with Vera Rubin lined up behind it. If pricing power on Blackwell Ultra and the early Rubin ramp holds, 75% is defensible."
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]