NVIDIA Q2 FY27 Earnings: Revenue Hits Record $96.2 Billion
NVIDIA reports record $96.2B Q2 FY27 revenue, beating estimates on surging AI infrastructure demand. Explore Data Center stats and Q3 outlook.
Santa Clara semiconductor giant NVIDIA officially announced record-breaking financial results for its second quarter of fiscal 2027, reporting $96.2 billion in revenue—a massive 106% jump year-over-year. Fueled by accelerating global demand for artificial intelligence compute infrastructure, the company surpassed Wall Street consensus estimates of $91.9 billion to $92.38 billion across all major metrics.
Record Data Center Growth and Outsized Earnings
According to official financial reporting released by NVIDIA, the company's Data Center segment was the core engine of growth, generating $89.0 billion in revenue for Q2 FY27. This marks an 18% sequential increase and a staggering 117% rise year-over-year, driven by $48.7 billion in hyperscale cloud revenue. Non-GAAP diluted earnings per share reached $2.22, up 120% year-over-year, while GAAP diluted EPS surged 128% to $2.46.
“AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue. And demand is accelerating.”
— Jensen Huang, Founder and CEO of NVIDIA
Vera Rubin Ramp and Aggressive Q3 Guidance
As reported by financial outlets including CNBC and Bloomberg, market enthusiasm was further bolstered by NVIDIA's aggressive Q3 FY27 guidance. The company expects revenue to reach $108.0 billion (±2%), despite factoring zero Data Center compute sales to China. Growth is expected to be led by the full-production rollout of the Vera Rubin platform across partners such as CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and Nebius, delivering 35x lower token costs relative to Grace Blackwell Ultra.
- •Q2 FY27 Revenue: Record $96.2 billion (+106% YoY), topping Wall Street estimates.
- •Data Center Surge: $89.0 billion revenue (+117% YoY), led by $48.7 billion from hyperscalers.
- •Q3 FY27 Outlook: Projected $108.0 billion revenue despite zero assumed compute revenue from China.
Following the announcement, NVIDIA shares jumped between 4% and 9% in extended trading, breaking a previous trend of post-earnings sell-offs. The company also demonstrated strong shareholder returns, spending $26.0 billion on share repurchases and cash dividends during the quarter, with $99.0 billion remaining under its repurchase authorization. Shareholders of record on September 10, 2026, will receive a cash dividend of $0.25 per share on October 1, 2026.
Will NVIDIA's Vera Rubin platform sustain 70%+ YoY growth into Fiscal 2028?
- Q:Q: What were NVIDIA's key revenue numbers for Q2 FY27? A: NVIDIA reported record quarterly revenue of $96.2 billion for Q2 FY27, representing a 106% increase year-over-year and an 18% increase sequentially, easily surpassing Wall Street estimates.
- Q:Q: What is NVIDIA's revenue projection for Q3 FY27? A: NVIDIA projects third-quarter FY27 revenue to be approximately $108.0 billion (plus or minus 2%), notably assuming zero Data Center compute revenue from China.
- Q:Q: What is the NVIDIA Vera Rubin platform? A: The Vera Rubin platform is NVIDIA's next-generation AI infrastructure, now in full production. It delivers 30x higher throughput per megawatt and 35x lower token costs compared to Grace Blackwell Ultra.
Senior Editorial Contributor at Devyy Media covering breaking global trends and verified journalism.
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