Nvidia announced its financial report for the first quarter of fiscal year 2027 on Wednesday, May 21, 2026, after the U.S. stock market closed, with a revenue of US$81.6 billion, a year-on-year increase of 85%, a data center revenue innovation of US$75.2 billion, a net profit of US$58.3 billion, and an estimated Q2 revenue of US$91 billion, with a gross profit margin of about 75%. The company announced an additional $80 billion share repurchase authorization and increased its quarterly Dividend to $0.25 per share. After the release of the financial report, the stock price once fell by more than 3% after hours and then rebounded. Higher chip stocks pushed the main U.S. stock index up more than 1% ahead of the earnings release. In addition, Nvidia's data center Hopper series shipped zero products to China this quarter, and sales of this product to China amounted to $4.6 billion in the same period last year, reflecting a significant change in exports to China. Nvidia's chief financial officer revealed during the call that it expects an effective tax rate of 16% to 18% in fiscal 2027, which is lower than preliminary estimates. Meanwhile, the company expects a GAAP gross margin of 74.9% and a non-GAAP gross margin of 75.0% in the second quarter, both with a 50 basis point float.