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.
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.
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.
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.
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 reports · 15 publishers in this record · latest listed: Yahoo Finance · FRI, AUG 28 · 9:16 AM ETHow this is decided →
- SEC EDGAR — NVDA files 8-K — Material Event: 8-K
- Investing.com — Nvidia delivers quarterly top- and bottom-line beat, shares slip after hours
- CoinDesk — Nvidia tops earnings estimates, guides to $108 billion in revenue next quarter
- Financial Times — Nvidia sales more than double to $96bn on bumper AI demand
- Fortune — Nvidia doubles Q2 revenue to $96 billion and crushes estimates, as CEO Jensen Huang says demand is accelerating
- BBC Business — Nvidia revenue doubles on continued AI demand
- ZeroHedge — Nvidia Rises After Solid Earnings, Reversing Margin Concerns As Company Guides To 70% 2028 Revenue Growth
- Investing.com — Nvidia forecasts quarterly revenue above estimates, shares rise
- Investing.com — Nvidia stock jumps after early dip following results; AI fever is unabated
- WSJ — Nvidia Reports Blowout Quarter, Says Demand for AI Chips Is Getting Even Hotter
- Business Insider — CEO Jensen Huang went on an AI deal spree in August. Nvidia plans to invest $18 billion more this fiscal year.
- Investing.com — Nvidia rises after signaling longer AI spending runway
- CoinDesk — Nvidia shares surge 8% on earnings beat, lifting technology stocks and bitcoin
- MarketWatch — Second straight rate hike for Asia’s number-three economy as Nvidia-led AI expansion continues
- MarketWatch — Nvidia stock is climbing after another set of blockbuster results. Here’s what Wall Street is saying.
- Yahoo Finance — Nvidia Stock Jumps On Bullish Quarterly Report, Outlook
- Reuters — Nvidia stock jumps after early dip following results; AI fever is unabated
- The New York Times — Nvidia’s Profit Doubles to $59.69 Billion Thanks to A.I. Spending
- Investing.com — Nvidia within striking distance of all-time high after Q2 earnings beat
- Yahoo Finance — Nvidia Rallies On Major Amazon Contract, Fiscal Q2 Beat-And-Raise Report
- Yahoo Finance — Nvidia Posts Record $96.2B Revenue, Shares Jump on $108B Outlook
- Yahoo Finance — Nvidia Reports Blowout Quarter, Says Demand for AI Chips Is Getting Even Hotter
- Yahoo Finance — Nvidia makes bold $108B promise in blockbuster earnings, but issues a warning
Earlier context and later coverage are dated relative to this report. Automatically linked reports may cover a broader event.
Earlier context
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Putin Moves to Escalate War in Ukraine, Nvidia Fuels Faith in AI Boom
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U.S. stock futures fall as investors await PCE inflation, Nvidia results
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China Defiant Over Iran Ties; Tech Stocks in Focus Before Nvidia Results
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Coverage after this report
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An Exclusive Interview with Jensen Huang on Nvidia’s AI Future
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Nvidia didn't like Wall Street's estimates. So it tried to reset them.
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Nvidia partner Hon Hai’s August sales jump 52% on AI server demand - Bloomberg
- · Bloomberg Television · Automatically linked
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Nvidia (NVDA)’s First-Ever Year-Ahead Forecast Puts It on a Path to Pass Apple and Alphabet
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TSM’s Record Sales Say AI Chips Are Booming. The Nvidia-AMD Fight Is Now About Who Keeps the Margin
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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 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.
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