Nvidia Q2 revenue jumps 106% YoY to $96.2 billion
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Nvidia reported a 106% year-on-year jump in revenue to $96.2 billion for the second quarter of fiscal 2027, compared with $46.7 billion a year earlier. Revenue was also up 18% from $81.6 billion in the previous quarter.
The chipmaker’s net income rose 126% to $59.7 billion from $26.4 billion a year earlier. Diluted earnings per share increased 128% to $2.46 from $1.08 in the year-ago quarter.
Nvidia’s gross margin stood at 75%, compared with 72.4% a year earlier. Operating income rose 124% to $63.7 billion, while operating expenses increased 55% to $8.4 billion.
Data Centre remained the main driver of Nvidia’s growth. Revenue from the business rose 117% year-on-year to $89 billion, from $41.1 billion a year earlier. It was also up 18% sequentially.
The company said its Vera Rubin platform is ramping into full production, with systems running at customers and partners including CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure and Nebius.
Nvidia also unveiled Vera, its new CPU designed for AI agents and said its Groq 3 LPX inference accelerator is now in full production. It also introduced new security features for its Vera BlueField-4 platform and launched the DSX platform, which is aimed at helping infrastructure builders design and operate AI factories at scale.
Nvidia said it has entered strategic partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to establish independent compute financing platforms. The arrangements are expected to mobilise more than $500 billion of third-party capital for AI infrastructure over time, subject to definitive agreements.
The company also said SpaceXAI will deploy Nvidia Vera CPUs for its next generation of agentic AI applications.
Edge computing grows 27%
Nvidia’s Edge Computing business generated $7.2 billion in revenue during the quarter, up 27% from a year earlier and 13% from the previous quarter.
The company partnered with Microsoft on RTX Spark, a 1-petaflop superchip for Windows PCs, and introduced the DGX Station for Windows, which Nvidia described as a deskside AI supercomputer for developing and running AI agents.
Nvidia also expanded its work in autonomous vehicles and robotics, including collaborations with Foxconn, VinFast, Uber and HUMAIN. It introduced Alpamayo 2 Super, an open reasoning model for autonomous vehicle development, and launched Cosmos 3 for physical AI.
The company also announced a humanoid robot reference design based on Jetson Thor and its Isaac GR00T platform, as well as a new full-stack safety system for robotics called Nvidia Halos.
Nvidia expects $108 billion revenue in Q3
For the third quarter of fiscal 2027, Nvidia expects revenue of $108 billion, plus or minus 2%. The company said this outlook does not assume any Data Center compute revenue from China.
Nvidia expects gross margins of around 74% in the third quarter and operating expenses of about $9.2 billion on a GAAP basis.
The company returned approximately $26 billion to shareholders through share repurchases and cash dividends during the second quarter. It had around $99 billion remaining under its share repurchase authorisation at the end of the quarter.
Nvidia will pay its next quarterly cash dividend of $0.25 per share on October 1 to shareholders of record as of September 10.
“AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue,” said Jensen Huang, founder and CEO of Nvidia.
“And demand is accelerating. This time last year, one lab alone was driving the buildout; today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online — with strong momentum across the U.S. and around the world. The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment.”