NVIDIA Reports Record Q2 Revenue Amid Strong AI Demand
NVIDIA reported record second-quarter revenue of $96 billion for fiscal 2027, more than double the prior year. The company attributed this to strong demand across hyperscalers, cloud providers, enterprises and sovereign customers driven by artificial intelligence infrastructure expansion. The data center segment saw significant growth with revenue reaching $89 billion in Q2, up from previous quarters. NVIDIA also announced a partnership with Amazon Web Services for an additional 2 million GPU deployments over the next year. CFO Colette Kress highlighted that while gross margins are expected to decline due to rising memory costs, they will stabilize by fiscal 2028. Despite geopolitical uncertainties affecting China data center compute revenue, NVIDIA returned $26 billion to shareholders and forecasted third-quarter revenue of $108 billion with a potential growth rate of approximately 70% in fiscal 2028. The company also began production shipments for its Vera Rubin platform which is expected to represent about 20% of data center revenue in the next quarter.
Tickers: $NVDA
Topics: AI infrastructure data center revenue GPU demand gross margins