NVIDIA reported fiscal second-quarter 2027 revenue of $96.2 billion, more than doubling from $46.7 billion a year earlier, driven by a 92.7% contribution from its data center segment. The company posted GAAP earnings per share of $2.46, up 128% year-over-year, while non-GAAP diluted EPS reached $2.22, exceeding Wall Street’s consensus estimate by 6.73%. Gross margins expanded to 75.0% from 72.4% in the prior-year quarter.
Data center revenue totaled $89.2 billion, with hyperscale cloud providers generating $48.7 billion and the ACIE segment—covering AI clouds, industrial, and enterprise—contributing $40.3 billion. The company noted strong demand for its Blackwell architecture, with Blackwell Ultra improving product mix and gross margins. Vera Rubin shipments began in early August, with management projecting the platform to account for approximately 20% of data center revenue in the current quarter.
Operating income surged 124% to $63.7 billion on a GAAP basis, while free cash flow rose 58% to $21.3 billion. NVIDIA returned $26 billion to shareholders in the quarter, including $20 billion in buybacks and $6 billion in dividends, up from $10 billion in Q2 FY26. Inventory levels reached $32 billion, with days sales outstanding at 60 days.
For the fiscal third quarter of 2027, NVIDIA guided revenue to approximately $108 billion, with a non-GAAP gross margin range of 74.0% plus or minus 50 basis points. Operating expenses were projected at $9.0 billion (non-GAAP) and $9.2 billion (GAAP). The company expects a full-year FY27 non-GAAP tax rate between 16.0% and 18.0%, and projects FY28 revenue growth of around 70%, with CPU revenue anticipated to more than double.
Shares closed at $209.66 in regular trading, down 1.59%, before rising 3.83% in after-hours trading to $217.70. The stock has traded between $164.07 and $236.54 over the past 52 weeks.
