By Adria Cimino
Publication Date: 2026-05-21 22:10:00
Investors have gotten used to one thing in particular from Nvidia (NVDA 1.67%): blowout earnings reports. Thanks to the company’s position as the leader in the artificial intelligence (AI) chip market, it’s delivered positive earnings surprises and record numbers quarter after quarter. And the recent quarter wasn’t an exception.
In Nvidia’s report after market close on May 20, it announced revenue and profit that surpassed analysts’ estimates and spoke of soaring demand for its chip systems. The tech giant also offered plenty of clues that support the idea of enormous growth in the quarters to come.
Considering all of this, is Nvidia — a stock that’s soared 1,400% over five years — a buy after its blowout earnings report? History offers a strikingly clear answer.
Image source: Getty Images.
Nvidia’s record revenue
Before we consider this key clue from history, though, let’s take a look at some of the important points from Nvidia’s fiscal 2027 first-quarter report. The company reported an 85% increase in revenue to a record of more than $81 billion, for the third straight quarter of year-over-year acceleration. Net income on a GAAP basis soared 211% to $58 billion, and gross margin topped 74%. Nvidia beat analysts’ estimates on the top and bottom line as it’s done quarter after quarter.
These numbers look great, but what’s even more encouraging is the company’s message. Demand remains strong for Nvidia’s Blackwell system, its current major platform designed to excel…