- NVIDIA is now generating massive AI-driven revenue, hitting $81.6 billion in a single quarter, up sharply from just a few years ago when revenue was under $10 billion.
- Growth is almost entirely driven by data centre AI chips, which now account for the vast majority of revenue and are used by hyperscalers, enterprises, and governments.
- The company is projecting $91 billion in forward revenue, signalling continued demand, largely tied to the rise of “agentic AI” systems that require huge computing power.
It’s absurd the level NVIDIA has reached. Just a few years ago, the company’s biggest revenue source was selling graphics cards to gamers. But in about six years, NVIDIA has become one of the most valuable companies in the world and one of the leaders of the AI revolution.
To put this into perspective, three years ago the company’s quarterly revenue was $7.19 billion. Now, for Q1 FY2027, the company recorded $81.6 billion in revenue — which is quite the growth. And it shows that AI continues to explode, but in recent years some investors have worried that this “explosion” is a bubble, similar to the dot-com bubble of the late 1990s and the housing market bubble of the late 2000s.
When talking about the AI bubble on an earnings call last year, Jensen Huang, CEO of NVIDIA, dismissed the idea, saying: “There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different.” However, some investors still worry that AI might be overhyped; even Sam Altman, CEO of OpenAI, acknowledged this in an interview with The Verge, saying: “Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also yes.”
NVIDIA Sees Record Numbers in a Quarter of Doubt
Despite all this, the company’s $81.6 billion revenue is the highest quarterly revenue ever recorded by NVIDIA and is up 92% from the previous year. This surge was largely driven by NVIDIA’s data centre business; chips for AI brought in $75.2 billion in a single quarter. That’s roughly 92% of total revenue.
