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NVIDIA reports $96.2 billion Q2 revenue, up 106% year over year with 75% gross margin

NVIDIA reported fiscal second-quarter revenue of $96.2 billion, up 18% sequentially and 106% year over year, with 75.0% GAAP and non-GAAP gross margins. The result reinforces exceptionally strong AI demand, but the setup now turns to whether NVIDIA can sustain that growth and defend margins against its already elevated operating baseline.

GLOBENEWSWIRE / FILE

The story

The results covered the quarter ended July 26, 2026. NVIDIA reported GAAP and non-GAAP diluted earnings per share of $2.46 and $2.22, respectively, alongside revenue of $96.2 billion. Revenue increased 18% from the prior quarter and 106% from the same quarter a year earlier, while both reported gross-margin measures were 75.0%.

The figures extend the company's existing scale trajectory: fiscal-2026 revenue reached $215.9 billion, up 65.5% year over year, with 71.1% gross margins, 55.6% net margins and $4.90 diluted EPS. That places the quarter's 75.0% gross margin above the prior fiscal-year gross-margin figure, though the periods and reporting bases are not identical.

Key items to watch include demand visibility, customer deployment pace, the durability of the 75.0% gross margin, and whether the company can maintain triple-digit year-over-year growth as its revenue base expands.

Our read · Fri, Aug 28

The results move the fundamental read higher for NVDA, with $96.2 billion of revenue growth and 75.0% gross margins keeping AI infrastructure demand firmly in control while the next test is sustaining that pace.

Why. The immediate consequence is a stronger operating foundation: quarterly revenue growth accelerated to 106% year over year while gross margins reached 75.0%, above the 71.1% gross-margin figure in the supplied fiscal-2026 enrichment. The missing piece is a dated forward catalyst and guidance detail, so the evidence supports a constructive fundamental read but not a conviction trade call here.

Both cases

The case it holdsThe strongest bull case is the combination of $96.2 billion quarterly revenue, 106% year-over-year growth and 75.0% gross margins, which shows that NVIDIA is still scaling rapidly while remaining highly profitable.
The case it breaksThe bear case centers on durability: the fiscal-2026 baseline already included $215.9 billion of revenue and 65.5% year-over-year growth, so the next report must show that the acceleration and margin strength are sustainable rather than simply a high-base quarter.

What could change this view: The read breaks if forward demand visibility deteriorates or if NVIDIA cannot preserve margins as its revenue base expands and customer deployments normalize.

NVIDIA stock page →
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Who reported it · 24

GlobeNewswireoriginalWed, Aug 26 · 4:20 PM ETNVIDIA Announces Financial Results for Second Quarter Fiscal 2027
SEC EDGARWed, Aug 26 · 4:23 PM ETNVDA files 8-K — Material Event: 8-K
Financial TimesWed, Aug 26 · 5:13 PM ETNvidia sales more than double to $96bn on bumper AI demand
BBC BusinessWed, Aug 26 · 6:13 PM ETNvidia revenue doubles on continued AI demand
Investing.comThu, Aug 27 · 4:36 AM ETNvidia rises after signaling longer AI spending runway
Yahoo FinanceThu, Aug 27 · 10:30 AM ETNvidia Stock Jumps On Bullish Quarterly Report, Outlook

Same arc

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Nvidia Plunges 9% as AI Selloff Wipes Out $2.3 TrillionBloomberg Television · Thu, Nov 5 · 4:32 PM ET · automatically linked
TSM’s Record Sales Say AI Chips Are Booming. The Nvidia-AMD Fight Is Now About Who Keeps the MarginYahoo Finance · Fri, Sep 11 · 8:57 AM ET · automatically linked
Nvidia (NVDA)’s First-Ever Year-Ahead Forecast Puts It on a Path to Pass Apple and AlphabetYahoo Finance · Sun, Sep 6 · 6:31 PM ET · automatically linked
Nvidia Says Memory Pricing Has Turned ‘Extreme’ and Is ‘Headed Even Higher Into Next Year,’ But Its Own Price Increases Are Already ExecutedYahoo Finance · Sat, Sep 5 · 10:00 AM ET · automatically linked

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About this report

Reported by GlobeNewswire as NVIDIA Announces Financial Results for Second Quarter Fiscal 2027, . Who answers for this

24 reports from 15 publishers in this record. Closes are licensed end-of-day data from Databento; the move after a story is its first close against the close before it. How this is decided →

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