Nvidia Q1 Revenue Up 85%, China Now Upside Option Not Core Thesis
Nvidia posted 85% revenue growth in Q1 and issued $91 billion guidance for Q2, with the company's valuation no longer dependent on China data center sales.
Nvidia reported Q1 fiscal 2027 revenue jumped 85% year-over-year to $81.62 billion from $44.06 billion, and guided the current fiscal second quarter to $91 billion [2]. The growth reflects compounding demand for data center compute, AI networking, and platform products outside China, removing regulatory exposure from the core investment case [1].
The company's data center business nearly doubled revenue year-over-year, driven by hyperscaler cap-ex and enterprise AI deployments across North America, Europe, and non-China Asia [2]. Forward guidance of $91 billion for Q2 signals sustained double-digit sequential growth, with management commentary emphasizing tight supply-chain execution and broadening customer adoption beyond the largest cloud providers [1].
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