NVIDIA Announces Financial Results for Second Quarter Fiscal 2027
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.
What happened
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 read · 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.
Wrong if
The read breaks if forward demand visibility deteriorates or if NVIDIA cannot preserve margins as its revenue base expands and customer deployments normalize.
CoverageSource: GlobeNewswire · Published here FRI, AUG 28 · 9:16 AM ET · 24 outlets in this record · latest listed: Yahoo Finance at 9:16 AM ETHow this is decided →
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The story1 min read
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: Finnhub’s SEC EDGAR enrichment shows fiscal-2026 revenue of $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 in the supplied data, although the periods and reporting bases are not identical.
The next read-through will come from NVIDIA’s forward outlook and the next quarterly report. Key items 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. No analyst-consensus, insider-activity or dated forward-event data was supplied beyond the results release.
The read, in fullWhy it matters
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.
Since this story · named here, equal weight · 1D EOD+5.9%
AUG 28 · first close after publicationSEP 4
Price context does not establish that the story caused the move.
▲ The case it holds
The 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 breaks
The bear case is narrower on the supplied evidence: 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 durable rather than simply a high-base quarter.
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