Nvidia posts record $81.6 billion quarterly revenue on AI spending boom

San Francisco, May 21, 2026 -Chip giant Nvidia on Wednesday posted record quarterly revenue of $81.6 billion, blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware powered another blockbuster quarter.

The results for the first quarter of fiscal 2027, ending April 26, marked an 85 percent jump from the same period a year ago and a 20 percent rise from the prior quarter, underscoring Nvidia's status as the primary beneficiary of a global AI infrastructure buildout.