NVIDIA reports Q2 fiscal 2027 revenue of $96.2B (up 106% YoY) with Q3 guidance at $108.0B, driven by $89.0B Data Center revenue.
Macro & Markets ·
NVIDIA's second fiscal quarter of 2027 delivered revenue of $96.2 billion, representing a 106% increase year-over-year and surpassing Wall Street's $92.2 billion consensus forecast. The Data Center segment, the company's primary growth engine, generated $89.0 billion in revenue—a 117% jump—exceeding analyst expectations of $85.8 billion. Non-GAAP earnings per share reached $2.22 against a predicted $2.10, while gross margins held at 75.0%, matching projections. During the quarter, NVIDIA returned approximately $26.0 billion to investors through repurchases and dividends.
Looking ahead, NVIDIA projected third-quarter revenue of $108.0 billion with a margin of plus or minus 2%, exceeding the $104.2 billion consensus estimate. This guidance explicitly excludes any Data Center compute sales into China. The company also announced that its Vera Rubin platform has transitioned into full production, signaling advancement in its product roadmap.
The results underscore sustained demand for NVIDIA's AI infrastructure offerings, though the forward outlook's explicit zero assumption for Chinese Data Center revenue leaves open questions about actual market dynamics in that region and whether such exclusions will persist in subsequent periods.