Nvidia has reported second-quarter revenue of $96.2 billion for fiscal 2027, up 106 per cent year-on-year and 18 per cent on the previous quarter, driven largely by continued demand for its data centre AI hardware.
Data centre revenue reached $89.0 billion, up 117 per cent year-on-year. GAAP and non-GAAP gross margins both held at 75.0 per cent, while diluted earnings per share came to $2.46 on a GAAP basis and $2.22 on a non-GAAP basis. Nvidia returned around $26.0 billion to shareholders during the quarter through buybacks and dividends, and has roughly $99.0 billion remaining under its existing repurchase authorisation.
The company's Vera Rubin platform moved into full production during the quarter, with racks now running at partners including CoreWeave, Google Cloud, Microsoft Azure, Oracle and Nebius. Nvidia also unveiled Vera, which it describes as the first CPU built specifically for AI agents, and confirmed its Groq 3 LPX inference accelerator has entered full production.
Chief executive Jensen Huang said "AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue," adding that demand was being driven by a widening base of frontier labs, startups and open-model developers, in contrast with the single dominant customer that characterised the market a year earlier.
For the third quarter, Nvidia guided to revenue of $108.0 billion, plus or minus 2 per cent, excluding any assumption of data centre compute revenue from China.
