Nvidia posted $96.2 billion in revenue for its fiscal second quarter of 2027 — a 106% jump from the $46.7 billion it reported a year earlier — well above Wall Street’s expectation of roughly $92 billion. The results, released after the market closed Wednesday, August 26, 2026, covered the three months ending July 26, 2026, and extended a streak of quarterly reports that have topped analyst forecasts. Nvidia held its conference call with investors at 5 p.m. Eastern time the same day.
The company’s profit told the same story: adjusted earnings per share more than doubled to $2.22, up from $1.05 a year ago and above the roughly $2.10 that analysts had penciled in, while gross margin held steady at 75%, matching the prior quarter.
Key facts
- Revenue: $96.2 billion, up 106% year over year, above the ~$92 billion Wall Street expected
- Adjusted EPS: $2.22, up from $1.05 a year ago, above the ~$2.10 estimate
- Gross margin: 75%, unchanged from the prior quarter
- Data Center revenue: $89.0 billion, up 117%, about 92% of total revenue
- Next-quarter guidance: about $108 billion, plus or minus 2%, above the ~$104 billion estimate
- Shareholder returns: $26.0 billion in buybacks and dividends this quarter
What Nvidia’s CEO said
In the earnings release, CEO Jensen Huang described AI as having reached “its inflection point,” saying: “It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue.” Huang also said the company’s newest chip platform, called Vera Rubin, is ramping into full production across major cloud providers — in plain terms, cloud companies are moving the new chips from small test batches into large-scale manufacturing and rollout, with new AI servers built on the platform expected to begin shipping in early 2027.
Nvidia also said it returned $26.0 billion to shareholders during the quarter through stock buybacks and dividends.
Data centers still drive the business
Nvidia’s Data Center division — the unit that sells the processors powering AI systems at companies like Microsoft, Google and Amazon — remains the engine behind those numbers. The division brought in $89.0 billion, up 117% from a year ago, topping the roughly $86.3 billion analysts expected, and now accounts for about 92% of Nvidia’s total revenue.
The rest of the company’s business, once broken out separately as Gaming, Professional Visualization, Automotive and OEM sales, is now reported together as a single “Edge Computing” segment. That combined unit brought in $7.2 billion, up 27% from a year earlier. Nvidia stopped disclosing a standalone Gaming number starting with its previous quarter, so a comparison to earlier “Gaming revenue” headlines isn’t available this time.
The forecast for the next quarter tops estimates too
Nvidia told investors it expects roughly $108 billion in revenue for its fiscal third quarter of 2027 — the three-month period that follows the one just reported — plus or minus 2%, comfortably ahead of the roughly $104 billion analysts had forecast, while projecting gross margin of about 74%, plus or minus 50 basis points. That guidance assumes zero revenue from data-center chip sales in China.
China remains a live complication for Nvidia. Washington has restricted exports of Nvidia’s advanced AI chips to Chinese customers since last year, and the company said it generated no revenue this quarter from its China-tailored H20 chip, a sharp swing from the roughly $4.6 billion in H20 sales it reported the previous quarter.
Separately, U.S. officials have described a small number of Nvidia’s newer H200 chips — “very few,” in their words, including roughly 10,000 chips each to ByteDance and Tencent — as having begun reaching customers in mainland China in mid-August. That shipment followed a decision earlier this year by U.S. and Chinese authorities to clear the way for a handful of major Chinese technology firms to buy the H200. Nvidia’s own guidance, though, doesn’t count on that business showing up in its numbers.
How the stock reacted
Heading into the report, Wall Street had been overwhelmingly bullish on Nvidia: S&P Global Market Intelligence tracked 61 analysts covering the stock, and 58 of them rated it Buy or Strong Buy, with average price targets clustering between $275 and $325.
Once the numbers came out, Nvidia’s stock moved unevenly in after-hours trading. CNBC reported shares down about 1.3% roughly 30 minutes before the conference call began; by around 8 p.m. Eastern that evening, the stock had reversed and was quoted up about 1.45%, near $213.70, without settling into one clear direction before markets reopened.
The swings echoed a pattern that 247 Wall St. and other financial outlets flagged heading into this report: Nvidia’s stock has fallen the trading day after each of its last four earnings releases, even though the company beat revenue and profit estimates every time — a pattern commentators attributed to sky-high pre-earnings expectations and a focus on forward guidance over current-quarter beats. Whether that pattern repeats this time was not yet known as of August 26, 2026.
Sources and further reading
- NVIDIA Announces Financial Results for Second Quarter Fiscal 2026
- NVIDIA Sets Conference Call for Second-Quarter Financial Results
- NVIDIA Announces Financial Results for First Quarter Fiscal 2027 (press release)
- NVIDIA Sets Conference Call for Second-Quarter Financial Results (press-release listing)
- NVIDIA Announces Financial Results for Second Quarter Fiscal 2027