Nvidia Reports Record Q2 Revenue of $96.2 Billion Amid Strong AI Demand
Nvidia (NVDA) reported second-quarter fiscal year 2027 earnings with total revenue reaching a record $96.2 billion, reflecting a 106% increase compared to the same period in 2026. This growth was primarily driven by strong demand for AI compute infrastructure across hyperscale and ACIE customers. Data center revenue alone hit $89.0 billion, up 117% year over year. The company provided guidance for fiscal 2028 with expected annual revenue growth of approximately 70%, though it noted a supply-constrained outlook due to rising memory component prices and geopolitical uncertainties. Management also highlighted significant shareholder returns in Q2 amounting to $26 billion, including share repurchases and dividends. Nvidia's non-GAAP diluted earnings per share (EPS) grew by 120% year over year to $2.22, with gross margins remaining stable at 75%. The company anticipates continued growth in the ACIE segment for Q3, projecting revenue of around $108 billion.
Tickers: $NVDA
Topics: AI compute data center revenue hyperscale growth shareholder returns