NVIDIA Corporation (NVDA) Announced Q2 2027 Earnings on August 26, 2026, Reporting "Total revenue of $96 billion more than doubled year-over-year as growth accelerated for the fourth consecutive quarter"

NVIDIA Corporation reported financial results for the second quarter of fiscal year 2027.

Executive Vice President and Chief Financial Officer Colette Kress announced "record revenue, operating income and EPS". Total revenue for the second quarter was reported as "$96 billion," which "more than doubled year-over-year as growth accelerated for the fourth consecutive quarter". The Data Center segment generated quarterly revenue of "$89 billion," which "increased 18% quarter-over-quarter". Within Data Center, hyperscale quarterly revenue was "$49 billion," which "grew 13% sequentially". AC I&E quarterly revenue was "$40 billion," representing an increase of "25% sequentially and 138% year-over-year". For the second quarter, both GAAP and non-GAAP gross margins were reported at "75%". GAAP and non-GAAP operating expenses for the second quarter were "up 10% and 11% sequentially". On the balance sheet, inventory increased to "$32 billion," and days of sales outstanding was reported as "60 days". During the second quarter, the company returned a record "$26 billion to shareholders," consisting of "$20 billion through share repurchases and $6 billion through our quarterly dividend of $0.25 per share".In terms of key business updates, management highlighted significant expansion in partnerships and product development.

The company announced an expanded partnership with AWS, which is deploying "an additional 2 million GPUs starting this quarter through the second quarter of fiscal '29 along with Vera, CPUs, some integrated with Ruben, other standalone" and AWS will adopt NVIDIA's "full physical AI stack, Omniverse, Cosmos, Isaac, and Jason to power its fleet of warehouse robots". Furthermore, to support the build-outs of Frontier AI labs, NVIDIA announced partnerships with "6 of the world's leading infrastructure capital providers, Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish financing platforms that will raise over $500 billion of third-party capital". The company also secured land power shell capacity through a partnership with SoftBank Energy to exclusively host NVIDIA compute at their Portsmouth Campus, with the initial deployment "expected to support 4.25 gigawatts of AI factory capacity" to be utilized by OpenAI. In hardware, production shipments of "vera ruben" commenced "earlier this month". Additionally, NVIDIA announced that "Grok 3 LPX, our first rack scale LPU system is in full production" and expects to ship them "in volume later this quarter". Standalone production of the next-generation "Vero CPU" is also underway, and Grace CPU revenue exceeded "$5 billion" on a trailing 12-month basis.

For the third quarter of fiscal year 2027, NVIDIA expects total revenue to be "$108 billion, plus and minus 2%". Sequential growth is expected to be driven primarily by "ACI and E," and management projects that "verarubin" will account for "about 20% of data center revenue in Q3". GAAP and non-GAAP gross margins for the third quarter are expected to be "74% plus or minus 50 basis points". Management expects gross margins to "bottom in Q4 in the 71% to 72% range before settling at 72% to 73% in fiscal year '28, as executed price increases take effect in Q1". For the full fiscal year 2027, GAAP and non-GAAP tax rates are expected to be "between 16% and 18%". In terms of preliminary outlook for the full fiscal year 2028, the company expects revenue to grow "approximately 70% year-over-year" under a supply-constrained outlook where supply is expected to "remain a bottleneck, at least through the end of fiscal year '28".I can also draft other podcast variants if you want to focus on a different thematic angle.