NVIDIA revenue doubles in Q2

Nvidia reported second-quarter fiscal 2027 revenue of $96.2 billion on August 26, up 106% from a year earlier, according to the company’s earnings release. Data center revenue reached $89.0 billion, up 117% year over year, as demand tied to AI systems continued to drive most of the company’s growth. The quarter ended July 26, 2026, and followed first-quarter revenue of $81.6 billion. Chief Executive Jensen Huang said in the release that AI had reached an “inflection point” and that tokens were “productive and profitable.” ### How big was the jump, exactly? Nvidia’s second-quarter revenue was more than double the $46.7 billion it reported in the same quarter a year earlier. Data center revenue also more than doubled from $41.1 billion in fiscal second-quarter 2026 to $89.0 billion in fiscal second-quarter 2027, based on Nvidia’s year-earlier and latest earnings releases. (investor.nvidia.com) The company’s growth was not limited to the annual comparison. Nvidia said total revenue rose 18% from the previous quarter, while data center revenue increased from $75.2 billion in the first quarter of fiscal 2027 to $89.0 billion in the second quarter. (investor.nvidia.com) ### Why does data center dominate the story? Data center accounted for about 92% of Nvidia’s total quarterly revenue, based on the company’s reported figures of $89.0 billion in data center sales and $96.2 billion in total revenue. That concentration shows how much of Nvidia’s business is now tied to AI infrastructure spending by cloud companies, enterprises and model developers, an inference drawn from the segment mix Nvidia disclosed. (investor.nvidia.com) Jensen Huang said in the earnings release that “AI has reached its inflection point” and described the company’s products as serving work that is already economically useful. Nvidia did not break out individual customer orders in the release, but the company’s filings and presentations have repeatedly identified data center as the main engine of growth across recent quarters. (investor.nvidia.com) ### What did Nvidia say about margins and earnings? Nvidia said GAAP and non-GAAP gross margins were both 75.0% in the second quarter. GAAP earnings per diluted share were $2.46, while non-GAAP earnings per diluted share were $2.22, according to the release. (investor.nvidia.com) The previous quarter also showed unusually high profitability. Nvidia reported first-quarter fiscal 2027 gross margins of 71.3% on a GAAP basis and 71.7% on a non-GAAP basis, with GAAP earnings per diluted share of $0.76 and non-GAAP earnings per diluted share of $0.81. (investor.nvidia.com) ### Where does the “70% next year” figure come from? Seeking Alpha’s earnings coverage said Nvidia was expected to post roughly 70% revenue growth in fiscal 2028, reflecting analyst estimates after the August 26 results. That figure appears to refer to forward expectations rather than a formal full-year revenue forecast stated in Nvidia’s press release. (investor.nvidia.com) Nvidia’s official second-quarter release did not include a full fiscal-year revenue target in the text surfaced on its investor site. The company did, however, publish the earnings release, webcast and related materials on August 26, giving investors the basis for updated analyst models and company commentary. (seekingalpha.com) ### What should readers watch next? Nvidia’s investor relations site says the company posted the second-quarter fiscal 2027 earnings release on August 26 and archived the webcast and transcript alongside it. Those materials are where investors can track management’s precise comments on demand, supply and the next quarter. (investor.nvidia.com) The next major milestone will be Nvidia’s third-quarter fiscal 2027 results, which will appear on the same investor relations page with a new earnings release, webcast and transcript when scheduled. As of September 2, the company’s financial reports page lists second-quarter fiscal 2027 as the latest report. (investor.nvidia.com)