NVIDIA reported Q1 FY27 revenue of $82 billion, an 85% year-over-year increase, driven by demand for its AI-focused Blackwell data center chips. Gross margins remained steady at 75%, while Data Center revenue rose 92% and networking sales increased 199%. The update also listed NVIDIA revenue at $81.61 billion and said AMD posted quarterly revenue of $11.54 billion as AI demand supported both companies. NVIDIA’s vertically integrated AI infrastructure remains a key advantage in supplying data-center systems. The latest figures differ from an earlier record of $81.61 billion in revenue and an 85.23% increase; the supplied updates do not explain the discrepancy. The same update said Meta’s Q2 2026 revenue rose 28% to $60.8 billion.