Nvidia Revenue Soars 106% To $96.2 Billion In Q2 On AI Boom
Nvidia's revenue hit $96.2 billion in the second quarter of fiscal 2027, up 106% from a year ago, as demand for AI computing hardware continued to surge, the company announced. Data Center business drives the surge The quarter, which ended July 26, saw revenue climb 18 percent from the previous quarter, with Data Center revenue alone reaching $89.0 billion, up 117 percent year-on-year. GAAP and…
Nvidia reported a staggering 106% increase in revenue to $96.2 billion in Q2, driven by a surge in demand for AI computing hardware. The Data Center segment led this growth, with revenue reaching an impressive $89.0 billion, up 117% year-on-year. Nvidia's CEO, Jensen Huang, stated that AI has reached an inflection point, generating direct returns as compute is now directly tied to revenue.
The company returned approximately $26.0 billion to shareholders through stock buybacks and dividends, with $99.0 billion remaining under its share repurchase authorization. For the upcoming quarter, Nvidia anticipates revenue of $108.0 billion, with gross margins projected at 74.0%.
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