NVIDIA Corporation (NVDA) Q2 2027 Financial Results Summary
QuoteReporter
NVIDIA (NVDA) Q2 2027: Revenue Soars 106% YoY — Strongly Positive
NVIDIA (NASDAQ: NVDA) reported a remarkable second quarter for fiscal 2027, with revenue reaching $96.2 billion, an increase of $49.5 billion or 106% compared to the same quarter last year. This performance not only reflects the company's robust growth trajectory but also highlights the accelerating demand for AI infrastructure and services.
Opinion on the Quarter
This quarter is undoubtedly a strong positive for shareholders. The significant year-over-year revenue growth, coupled with a solid gross margin of 75.0%, indicates that NVIDIA is effectively capitalizing on the booming AI market. The company's ability to generate substantial earnings, with GAAP earnings per diluted share at $2.46, further underscores its operational efficiency and profitability.
Key Financial Metrics
- Total Revenue: $96.2 billion
- Quarter-over-Quarter Growth: Up 18% from Q1 FY2027
- Year-over-Year Growth: Up 106% from Q2 FY2026
- Data Center Revenue: $89.0 billion
- Quarter-over-Quarter Growth: Up 18%
- Year-over-Year Growth: Up 117%
- Gross Margin: 75.0% (GAAP and non-GAAP)
- GAAP Earnings per Diluted Share: $2.46
- Non-GAAP Earnings per Diluted Share: $2.22
- Shareholder Returns: Approximately $26.0 billion returned through share repurchases and cash dividends
- Remaining Share Repurchase Authorization: Approximately $99.0 billion
NVIDIA's gross margins remained stable at 75.0%, reflecting its strong pricing power and cost management. The earnings per share figures also demonstrate a significant increase compared to the previous year, where the diluted EPS was only $1.08 in Q2 FY2026.
Dividend and Share Buyback
NVIDIA announced a quarterly cash dividend of $0.25 per share, which will be paid on October 1, 2026, to shareholders of record on September 10, 2026. This commitment to returning capital to shareholders, alongside the substantial share repurchase program, signals management's confidence in the company's future growth prospects.
Guidance for Next Quarter
Looking ahead, NVIDIA expects revenue for the third quarter of fiscal 2027 to be approximately $108.0 billion, with a margin of plus or minus 2%. The company anticipates gross margins to be around 74.0%, plus or minus 50 basis points. This guidance suggests continued strong performance, although it does not factor in any potential Data Center compute revenue from China.
Forward Catalysts
Investors should keep an eye on NVIDIA's ongoing developments in AI infrastructure and partnerships, particularly with major cloud providers and technology firms. The ramp-up of the NVIDIA Vera Rubin platform and the introduction of new products like the NVIDIA Vera CPU and Groq 3 LPX AI inference accelerator are expected to drive further growth. Additionally, the company's strategic partnerships aimed at mobilizing over $500 billion for AI infrastructure buildout could significantly enhance its market position.
In conclusion, NVIDIA's Q2 FY2027 results reflect a company that is not only thriving in the current market environment but is also well-positioned for future growth. The impressive revenue growth, strong margins, and commitment to shareholder returns make this quarter a resounding success for NVIDIA and its investors.
Note: All amounts in the following tables are in millions.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
| Thr Mon End July 2026 | Thr Mon End July 2025 | Six Mon End July 2026 | Six Mon End July 2025 | ||
|---|---|---|---|---|---|
| Re | $96,393 | $46,111 | $177,322 | $90,443 | |
| Cost of revenue | 24,192 | 12,201 | 44,927 | 30,624 | |
| Gross profit | 72,201 | 33,910 | 132,395 | 59,819 | |
| Operating expenses | |||||
| Research and development | 7,058 | 4,218 | 13,251 | 8,200 | |
| Sales and marketing | 1,302 | 1,102 | 2,633 | 2,174 | |
| General and administrative | Tot ope exp | 8,360 | 5,320 | 16,206 | 10,374 |
| Operating income | 63,841 | 28,590 | 117,389 | 49,445 | |
| Other income (net) | 7,730 | 2,710 | 24,444 | 3,020 | |
| Income before income taxes | 71,571 | 31,300 | 141,833 | 52,465 | |
| Income tax expense | 11,037 | 4,746 | 23,223 | 7,998 | |
| Net income | $59,533 | $26,454 | $118,610 | $44,467 | |
| Net income per share | |||||
| Basic | $2.47 | $1.08 | $4.87 | $1.85 | |
| Diluted | $2.46 | $1.08 | $4.85 | $1.84 | |
| Weighted-average shares used to compute net income per share | 24,255 | 24,255 | 24,255 |
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
| ASSETS | July 26, 2026 | January 25, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $22,443 | $10,605 |
| Marketable debt securities | 34,143 | 39,065 |
| Marketable equity securities | 42,783 | 12,886 |
| Accounts receivable, net | 63,059 | 38,466 |
| Inventories | 31,575 | 21,403 |
| Prepaid expenses and other current assets | 3,409 | 3,180 |
| Total current assets | 197,412 | 125,605 |
| Property and equipment, net | 14,285 | 10,383 |
| Operating lease assets | 5,390 | 2,867 |
| Goodwill | 21,125 | 20,832 |
| Intangible assets, net | 2,998 | 3,306 |
| Deferred income tax assets | 12,159 | 13,258 |
| Non-marketable securities | 51,157 | 22,251 |
| Other assets | 15,746 | 8,301 |
| Total assets | $320,272 | $206,803 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $15,059 | $9,812 |
| Accrued and other current liabilities | 26,960 | 21,352 |
| Short-term debt | 1,000 | 999 |
| Total current liabilities | 43,019 | 32,163 |
| Long-term debt | 32,366 | 7,469 |
| Long-term operating lease liabilities | 4,985 | 2,572 |
| Other long-term liabilities | 10,918 | 7,306 |
| Total liabilities | 91,288 | 49,510 |
| Shareholders' equity | 228,984 | 157,293 |
| Total liabilities and shareholders' equity | $320,272 | $206,803 |
Disclaimer
The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading guidance. All investments carry risk and past performance does not guarantee future results. You are solely responsible for your investment decisions and should conduct independent research and consult a qualified financial advisor before acting. MarketsFN.com and its authors are not liable for any losses or damages arising from the use of this information.