Nvidia reported record revenue of $81.6 billion for fiscal Q1 2027, a rise of 85% year over year for the quarter that ended April 26, 2026.
The weight of the quarter is in the numbers: data center revenue—the engine of the business—jumped 92% to $75.2 billion, the company posted its 14th consecutive quarter of revenue growth and reported a profit margin of 74.9%. The results help explain a market capitalization above $5 trillion and a stock that now trades at 25 times forward earnings. Nvidia also offered forward guidance, expecting approximately $91 billion in revenue in fiscal Q2 2027. Analysts remain broadly bullish: 52 of 54 covering the stock rate it a buy, and the average price target sits at $299, roughly 35% above the share price at the time of writing.
For investors hunting a short, searchable nvidia stock price 2026 forecast, the report supplies a clear frame: record current-quarter sales, outsized margins and aggressive guidance that together set the upside case embodied in analyst targets. Over the last three years the stock has been up 600%, compared with a 78% rise in the S&P 500 over the same period, underscoring just how concentrated the gains have been.
Company-level color sharpened the outlook at Nvidia's 2026 GTC conference when Jensen Huang projected at least $1 trillion in sales for the company's Blackwell and Vera Rubin GPUs through 2027—a bullish revenue path that would materially enlarge the firm's addressable market if realized. The company's guidance and Huang's projection together explain why the data center business now makes up the bulk of Nvidia's earnings and why most analysts remain bullish.
Still, the picture contains friction. Nvidia's valuation sits well below some chip peers on forward earnings but above others: Advanced Micro Devices trades at 61 times forward earnings and Broadcom at 37 times, while Nvidia stands at 25 times. Critics have been vocal for years. In May 2023 Cathie Wood wrote that Nvidia was "priced ahead of the curve," and Morningstar analysts called the company overvalued in early 2024. Those voices collide with 14 consecutive quarters of growth and a data center business growing at north of 90% year over year.
The central tension is simple and testable: can Nvidia translate the momentum in data center sales and the lofty GPU projections into earnings that justify a market cap above $5 trillion and the buy ratings that dominate the analyst list? If the company hits the revenue path implied by its $91 billion fiscal Q2 guide and the string of quarters of growth continues, the premium multiple will look less stretched; if it does not, the criticisms that the stock has been overvalued for much of its run will carry more force.
The clearest near-term barometer for the nvidia stock price 2026 forecast is therefore results and guidance: maintain the pace—especially in data center—and the average analyst target near $299 will seem conservative; miss that pace and the stock’s multiple will be exposed. For now, the company’s numbers and Huang’s $1 trillion GPU projection keep most investors on the bullish side, but the divide between strong fundamentals and persistent valuation skepticism is the issue investors must watch next.
