Nvidia's Q2 Earnings Highlight Strong Revenue Growth and Expansion of Vera Rubin Platform
In its latest earnings report for the second quarter of fiscal 2027, Nvidia delivered a strong performance with $96.2 billion in revenue — up 106% year over year and 18% from the previous quarter — alongside an impressive gross margin of 75%. The company expects continued growth into Q3 FY2027, forecasting $108 billion in revenue and a slight decline to a 74% gross margin. Nvidia also provided guidance for a 70% increase in fiscal 2028 revenue compared with fiscal 2027, driven by robust demand from hyperscalers, AI labs, enterprises, and sovereign customers. A key highlight of the report was the rapid ramp-up of Nvidia's Vera Rubin platform. The rack-scale solution is already contributing to data center revenue in Q3 FY2027 and accounts for 20% of that segment’s sales during the quarter. This marks one of the fastest product ramps in company history, with demand outpacing supply. Vera Rubin includes a full stack of AI infrastructure — GPUs, CPUs, interconnects — making it more profitable than previous offerings. Nvidia's CFO emphasized how this platform expands its share of the data center total addressable market (TAM), growing from $18 billion per gigawatt with Hopper to an estimated $40 billion with Vera Rubin. The company has also announced partnerships for up to $500 billion in AI capital investment, further supporting infrastructure development and sales across various enterprise sectors.
Tickers: $NVDA
Topics: AI infrastructure GPU demand Nvidia earnings Vera Rubin platform