NVIDIA has reported $96.2 billion in revenue for the second quarter of fiscal 2027, marking a 106% increase from the same period last year. Revenue was also up 18% from the previous quarter.
The company’s Data Center business generated $89 billion, up 117% year over year, as demand for AI computing infrastructure continued to grow.
NVIDIA reported $59.7 billion in net income, compared with $26.4 billion a year earlier. Diluted earnings per share rose to $2.46, up 128% year over year.
| GAAP | |||||
| ($ in millions, except earnings per share) | Q2 FY27 | Q1 FY27 | Q2 FY26 | Q/Q | Y/Y |
| Revenue | $96,221 | $81,615 | $46,743 | 18 % | 106 % |
| Gross margin | 75.0 % | 74.9 % | 72.4 % | 0.1 pts | 2.6 pts |
| Operating expenses | $8,408 | $7,621 | $5,413 | 10 % | 55 % |
| Operating income | $63,734 | $53,536 | $28,440 | 19 % | 124 % |
| Net income | $59,688 | $58,321 | $26,422 | 2 % | 126 % |
| Diluted earnings per share | $2.46 | $2.39 | $1.08 | 3 % | 128 % |
| Non-GAAP | |||||
| ($ in millions, except earnings per share) | Q2 FY27 | Q1 FY27 | Q2 FY26 | Q/Q | Y/Y |
| Revenue | $96,221 | $81,615 | $46,743 | 18 % | 106 % |
| Gross margin | 75.0 % | 75.0 % | 72.5 % | — | 2.5 pts |
| Operating expenses | $8,232 | $7,449 | $5,361 | 11 % | 54 % |
| Operating income | $63,956 | $53,783 | $28,541 | 19 % | 124 % |
| Net income | $53,954 | $45,548 | $24,763 | 18 % | 118 % |
| Diluted earnings per share | $2.22 | $1.87 | $1.01 | 19 % | 120 % |
CEO Jensen Huang said AI has reached a major turning point, with businesses increasingly using AI to perform useful and profitable work. He also said demand for AI infrastructure is accelerating as more AI labs, startups and physical AI projects scale up.
NVIDIA expects $108 billion in revenue for the third quarter of fiscal 2027, plus or minus 2%. The company said this forecast does not assume any Data Center compute revenue from China.
The company also returned about $26 billion to shareholders through share buybacks and dividends during the quarter.
NVIDIA said its new Vera Rubin platform is now entering full production, while demand continues to grow for AI data centers, AI agents, robotics and other AI-powered technologies.
