NVIDIA Q2 FY2027 revenue rose 106% year-on-year to $96.2 billion, according to the company’s financial results released on August 26, 2026. Revenue increased 18% from the previous quarter, while both GAAP and non-GAAP gross margins stood at 75%.
NVIDIA reported GAAP net income of $59.69 billion, up 126% from $26.42 billion a year earlier. GAAP diluted earnings per share increased 128% year-on-year to $2.46. On a non-GAAP basis, net income reached $53.95 billion, up 118%, while diluted earnings per share rose 120% to $2.22.
The company’s Data Center business remained the largest contributor. Revenue from the segment reached $89.0 billion, an increase of 117% from a year ago and 18% from the previous quarter. Edge Computing revenue was $7.2 billion, up 27% year-on-year and 13% sequentially.
NVIDIA sets $108 billion Q3 revenue outlook
NVIDIA expects fiscal 2027 third-quarter revenue to reach $108.0 billion, plus or minus 2%. The company said this forecast does not assume any Data Center compute revenue from China. GAAP and non-GAAP gross margins are expected to be 74%, plus or minus 50 basis points, while operating expenses are projected at approximately $9.2 billion on a GAAP basis and $9.0 billion on a non-GAAP basis.
CEO Jensen Huang said AI demand is accelerating and pointed to the expansion of AI labs, startups, open-model development and physical AI. He also said the Vera Rubin platform is now in full production.
During the quarter, NVIDIA returned approximately $26.0 billion to shareholders through share repurchases and cash dividends. The company had about $99.0 billion remaining under its share repurchase authorization at the end of the quarter.
NVIDIA said its next quarterly cash dividend will be $0.25 per share, payable on October 1, 2026, to shareholders of record as of September 10. The company also highlighted new AI infrastructure initiatives, including partnerships involving Vera Rubin, Spectrum-6, Vera CPUs, Groq 3 LPX, DSX and AI compute financing platforms.
NVIDIA said it expects its fiscal 2027 GAAP and non-GAAP tax rates to be between 16% and 18%, excluding discrete items and material changes to its tax environment. The company held its earnings conference call with analysts and investors on August 26 at 2 p.m. Pacific time, or 5 p.m. Eastern time.
