Nvidia Reports Record Q2 FY2027 Earnings with Doubled AI Chip Revenue
Nvidia reported second-quarter fiscal year 2027 revenue of $96.2 billion, more than doubling from the previous year due to strong demand for its artificial intelligence (AI) chips. The data center division, which includes AI accelerators, generated $89 billion in revenue—up 117% year over year and exceeding analyst expectations. Gross margin improved to 75%, up from 72.4% a year ago. Looking ahead, Nvidia forecast current-quarter revenue of $108 billion with gross margins expected around 74%. The company's outlook excludes data center compute revenue from China, which has been an area of concern for investors. During the quarter, it returned approximately $26 billion to shareholders through buybacks and dividends. Nvidia also announced partnerships with major financial firms to mobilize over $500 billion in capital for AI infrastructure projects. The company's latest chip generation, Vera Rubin, entered full production during the period.
Tickers: $NVDA
Topics: AI data_center_revenue financial_performance semiconductors