NVIDIA's first-quarter revenue surges 85%... stock trades mixed after hours

[Financial News]  \r\n
\r\n\r\n
NVIDIA, the top name in AI, reported better-than-expected quarterly results after the market closed on the 20th local time, as expected.
After closing regular trading at $223.47, up $2.86, or 1.30%, from the previous session, NVIDIA has been fluctuating in after-hours trading and showing a mixed trend.
Although it posted a surprise quarterly result, the figures did not appear strong enough to exceed investors' expectations by a wide margin.
NVIDIA said first-quarter revenue for fiscal 2027, covering February to April, surged 85% from a year earlier to $81.62 billion.
Adjusted earnings per share (EPS) came in at $1.87.
Both revenue and net profit beat market expectations.
According to CNBC, Wall Street analysts surveyed by London Stock Exchange Group (LSEG) had expected revenue of $78.86 billion and adjusted EPS of $1.76.
NVIDIA's net profit jumped to $42.96 billion, or $1.76 per share, from $18.8 billion, or $0.76 per share, a year earlier.
NVIDIA also announced an $80 billion share buyback plan on the day. It also raised its quarterly dividend per share from $0.01 to $0.25.
Its cash holdings also increased sharply.
Free cash flow (FCF) for the first fiscal quarter reached $48.6 billion, far exceeding the previous quarter's $34.9 billion and the $26.1 billion recorded a year earlier.
The outlook for the current quarter was also strong.
NVIDIA projected revenue of $91 billion for the current quarter, well above Wall Street's estimate of $86.84 billion, according to LSEG.
Notably, that figure came without including NVIDIA's AI chip sales for data centers in China.
The Financial Times (FT) reported, citing sources, that while CEO Jensen Huang was accompanying U.S. President Donald Trump on a visit to China, the Chinese government also banned the use of one of NVIDIA's gaming chips.
\r\n
dympna@fnnews.com Song Kyung-jae Reporter