Nvidia Reports Strong Q2 Performance and Equity Gains
Nvidia (NVDA) reported a strong second-quarter fiscal 2027 performance on August 26, 2026. Revenue reached $96.2 billion—more than double the previous year—and exceeded Wall Street expectations of around $92.2 billion. Adjusted earnings per share were $2.22 versus an expected $2.09, and GAAP net income surged to $59.69 billion or $2.46 per diluted share. The data center segment accounted for over 92% of total revenue with sales reaching $89 billion—up 117% year-over-year—and significantly above consensus estimates. Nvidia also returned approximately $26 billion to shareholders through buybacks and dividends, leaving about $99 billion remaining under its repurchase authorization. Nvidia's equity investment portfolio contributed a notable gain of $7.8 billion in Q2, boosting net income. The company holds significant stakes in companies like CoreWeave (CRWV), Intel (INTC), and SpaceX (SPCX). Looking ahead, Nvidia forecasted third-quarter revenue of $108 billion—its first time exceeding the $100 billion mark—and issued its first full fiscal year guidance for 2028 with a projected 70% growth in revenue.
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Topics: AI data center revenue equity investments stock buybacks