โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Non-GAAP EPS: $49.51 (Est. $46.41) โ , +26% QoQ.
โข Revenue: $11.03B (Est. $10.70B) โ , +378% YoY.
โข GAAP EPS: $52.60, +20% QoQ.
โข Non-GAAP Gross Margin: 85.1%, +55.2 pp YoY.
โข GAAP Operating Income: $8.78B, +25% QoQ.
โข Non-GAAP Operating Income: $8.87B, +25% QoQ.
โข GAAP Net Income: $8.10B, +17% QoQ.
โข Non-GAAP Net Income: $7.62B, +24% QoQ.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q2 FY2027 Revenue: $12.2Bโ$12.6B, midpoint $12.4B (Est. $12.29B) โ .
โข Q2 FY2027 Non-GAAP EPS: $55.00โ$57.00, midpoint $56.00 (Est. $53.35) โ .
โข Q2 FY2027 Non-GAAP Gross Margin: 84.5%โ85.5%.
โข Q2 FY2027 Non-GAAP Operating Expenses: $540Mโ$560M.
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q1 adjusted EPS beat consensus by ~6.7%, while revenue exceeded estimates by ~3.1%.
โข Data Center revenue surged 61% QoQ to $4.80B, driven by strong demand for AI infrastructure storage.
โข Edge revenue increased 7% QoQ to $5.83B, while Consumer revenue declined 29% to $397M.
โข Revenue surged 378% YoY, with GAAP gross margin expanding from 29.8% to 85.0%.
โข Announced an 8-for-1 forward stock split, with split-adjusted trading beginning November 20, 2026.
โข Repurchased $5.0B in shares during Q1, bringing repurchases over the past two quarters to 6.0M shares, or ~4% of shares outstanding.
โข Q2 revenue guidance midpoint implies ~12.4% sequential growth.
โข Q2 adjusted EPS guidance midpoint stands ~5.0% above consensus.
โข All reported EPS figures and guidance are on a pre-split basis.
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe have started fiscal year 2027 with another quarter of strong performance, with robust and growing demand for our products driving outpaced growth in our data center business.โ
