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NVIDIA reports record $96.2 billion revenue driven by AI demand FAST-MOVING
NVIDIA has reported record-breaking financial results for its second quarter of fiscal 2027, driven by an unprecedented surge in demand for artificial intelligence infrastructure. The company reported quarterly revenue of $96.22 billion, representing a 106% increase compared to the same period last year. Net income reached approximately $59.7 billion, a 126% increase year-over-year.
The primary driver of this growth was the Data Center segment, which generated $89 billion in revenue, up 117% from the previous year. CEO Jensen Huang noted that AI has reached an inflection point, stating, “Now, compute is revenue,” and highlighted a “golden age” of new AI labs and startups.
Looking ahead, NVIDIA provided optimistic guidance, projecting third-quarter revenue of approximately $108 billion. Furthermore, the company issued a long-term forecast for fiscal 2028, expecting revenue growth of roughly 70%, significantly exceeding market expectations of 44%. During the quarter, NVIDIA also returned approximately $26 billion to shareholders through dividends and share repurchases.
Entities
AWS · Amazon · Amazon Web Services · Apollo · BlackRock · Cisco · Colette Kress · Goldman Sachs · Google · Jensen Huang · Microsoft · Nvidia
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 26 SOURCES] Nvidia reported quarterly revenue of $96.2 billion. businessmagazineuae.com · www.elettronicanews.it · cumbernauld-media.com · etv.me · finance.technews.tw · +5 more
- [● 11 SOURCES] GAAP net income rose 126% year-over-year to $59.7 billion. news.alphastreet.com · elpais.com · www.globalnewsonline.info · www.todoalicante.es · www.elmundo.es · +3 more
- [● 12 SOURCES] Data Center revenue reached $89.0 billion, a 117% increase year-over-year. news.alphastreet.com · dailyguardian.ca · www.globalnewsonline.info · www.svd.se · www.bbc.co.uk · +1 more
- [DISPUTED] Nvidia provided revenue guidance of $108 billion, plus or minus 2%, for the third quarter. news.alphastreet.com · www.todoalicante.es · www.svd.se · www.globalnewsonline.info · www.criptovaluta.it · +3 more
- [● 7 SOURCES] Both GAAP and non-GAAP gross margins were 75.0% for the quarter. news.alphastreet.com · dailyguardian.ca · www.globalnewsonline.info · www.investmentwatchblog.com
- [● 8 SOURCES] Nvidia shares fell in after-hours trading following the earnings announcement. www.criptovaluta.it · www.privataaffarer.se · www.abcbourse.com
- [● 23 SOURCES] Nvidia's quarterly revenue increased 106% year-over-year to $96.2 billion. news.alphastreet.com · elpais.com · dailyguardian.ca · www.globalnewsonline.info · www.todoalicante.es · +10 more
- [● 6 SOURCES] The company returned approximately $26 billion to shareholders through dividends and share repurchases. news.alphastreet.com · dailyguardian.ca · www.globalnewsonline.info · www.investmentwatchblog.com · bitfinanzas.com
- [● 5 SOURCES] Nvidia's market capitalization exceeds $5 trillion. www.bbc.co.uk · www.channelobserver.de · www.abcbourse.com
- [● 18 SOURCES] Jensen Huang stated that artificial intelligence has reached an inflection point. www.globalnewsonline.info · www.todoalicante.es · www.svd.se · www.bbc.co.uk · www.elmundo.es · +7 more
- [● 3 SOURCES] Amazon, Google, and Microsoft are major customers for Nvidia. bitnewsbot.com
- [● 15 SOURCES] Nvidia's quarterly revenue exceeded Wall Street expectations of $92.2 billion. blockchainseoul.kr · bitnewsbot.com · www.criptovaluta.it · www.svd.se · www.caus.com · +7 more