By https://www.facebook.com/CNBC
Publication Date: 2026-05-20 23:44:00
Nvidia reported another blockbuster quarter on Wednesday and issued guidance well above analyst forecasts. The results and conference call reinforced our belief that Nvidia is an essential stock to own during the race to build the best and most profitable AI data centers. Revenue in the company’s fiscal 2027 first quarter increased 85% year over year to $81.62 billion, outpacing the $78.89 billion consensus, according to estimates compiled by data provider LSEG. Adjusted earnings per share (EPS) increased 140% to $1.98, also exceeding the consensus estimate of $1.76, per LSEG data. Shares fell a little more than 1% in after-hours trading despite the beat and strong guide. If the move late Wednesday holds throughout Thursday’s regular session, it would not tell the full Nvidia story. The stock hasn’t traded higher in the session after reporting earnings in a year, since the April quarter of 2025. Still, the stock is up more than 60% over this time period. For 2026, shares are up roughly 20% based on Wednesday’s closing price. NVDA 1Y mountain Nvidia’s stock performance over the past 12 months. Bottom line It was another impressive quarter from Nvidia. Revenue beat analyst estimates by almost $3 billion, and its revenue guidance for the current quarter is roughly $4 billion above the consensus. The company keeps posting unprecedented growth figures for its size despite having zero computer revenue contribution from China, a region where sales are not expected any time soon….