Nvidia reports $96.2 billion quarterly revenue, up 106% year-over-year

Aug 25, 2026

Nvidia reported record fiscal Q2 revenue of $96.2 billion, up 106% year-over-year, driven by an extraordinary 117% surge in data center sales to $89 billion. Led by CEO Jensen Huang, the chipmaker beat Wall Street estimates and projected Q3 revenue of $108 billion. However, shares experienced initial volatility as Q3 gross margin guidance slipped slightly to 74%, reflecting rising memory and infrastructure costs. To secure future supply, CFO Colette Kress revealed that Nvidia's multiyear commitments have escalated to $366 billion.

Fiscal Q2 2027 earnings

▪Nvidia reported non-GAAP earnings of $2.22 per diluted share for the fiscal second quarter, beating Wall Street analyst estimates of $2.09 per share
▪Nvidia's GAAP net income for the fiscal second quarter reached $59.7 billion, translating to diluted earnings per share of $2.46
▪Nvidia reported fiscal second-quarter revenue of $96.2 billion, representing a 106% increase year-over-year and beating analyst estimates of $92.2 billion

Data center revenue growth

▪Nvidia's data center segment generated $89 billion in revenue during the fiscal second quarter, representing a 117% increase year-over-year
▪Within its data center business, Nvidia reported $48.7 billion in hyperscale revenue and $40.3 billion in AI clouds, industrial, and enterprise revenue
▪Shipments of Nvidia's Hopper data-center products to China represented less than 1% of the company's total Data Center revenue during the fiscal second quarter

Q3 revenue guidance

▪Nvidia's projected third-quarter revenue of $108 billion would place it among only 10 S&P 500 companies to ever report $100 billion or more in quarterly revenue
▪Nvidia guided to third-quarter revenue of $108 billion, plus or minus 2%, outpacing the average analyst expectation of $103.9 billion

Fiscal 2028 outlook

▪Nvidia provided a revenue growth outlook for fiscal 2028 that forecasts annual sales to increase 70% from the prior year, exceeding analyst expectations of 44% growth
▪Nvidia's new chip architectures, Blackwell and the upcoming Rubin platform, are projected to generate a cumulative $1 trillion in revenue between 2025 and the end of 2027

Gross margin pressure

▪Nvidia forecast a gross margin of 74%, plus or minus half a percentage point, for the third quarter, down from 75% in the second quarter
▪Investing.com senior analyst Thomas Monteiro stated that Nvidia's 74% margin guidance marks the first sequential decline of the current cycle, driven by rising memory, financing, and infrastructure costs

Supply commitments

▪Nvidia disclosed up to $108.5 billion in phased guarantees, representing potential exposure under agreements including support for SB Energy's PORTS-Pike Technology Campus in Ohio
▪Nvidia's supply and capacity commitments increased from $119 billion in the previous quarter to $279 billion, primarily related to the procurement of memory
▪Nvidia disclosed $366 billion in multiyear artificial intelligence infrastructure commitments, including $279 billion specifically for supply and capacity