NVIDIA: Revenue of $96.2 Billion, Up 106% Year-over-Year
NVIDIA released results on August 26, 2026 for its second quarter of fiscal 2027, marked by revenue of $96.2 billion, up 106% year-over-year.
Beyond growth, the group sets for the current quarter a revenue target higher than the previous quarter, while explicitly excluding any contribution from China in its Data Center segment.
Revenue of $96.2 Billion Driven by Data Center
Revenue for the second quarter ended July 26, 2026 reached $96.2 billion, up 18% sequentially and 106% year-over-year.
The Data Center segment represented $89.0 billion, up 18% sequentially and 117% year-over-year, accounting for the bulk of operations. The Edge Computing segment reached $7.2 billion, up 13% from the previous quarter and 27% year-over-year.
GAAP operating income reached $63,734 million, compared to $28,440 million a year earlier, representing a 124% increase. GAAP net income reached $59,688 million, compared to $26,422 million in the second quarter of fiscal 2026, up 126%.
Gross Margin Stable at 75.0% and Shareholder Returns of $26 Billion
GAAP gross margin stood at 75.0%, compared to 74.9% in the first quarter of fiscal 2027 and 72.4% a year earlier, representing a 2.6 percentage point increase year-over-year. Non-GAAP gross margin came in at 75.0%, compared to 72.5% in the second quarter of fiscal 2026.
Diluted earnings per share reached $2.46 on a GAAP basis and $2.22 on a non-GAAP basis, compared to $1.08 and $1.01, respectively, a year earlier.
During the quarter, NVIDIA returned approximately $26.0 billion to shareholders through share repurchases and dividends. At the end of the quarter, approximately $99.0 billion remained under the share repurchase authorization. The next quarterly dividend of $0.25 per share will be paid on October 1, 2026 to shareholders of record on September 10, 2026.
Guidance of $108 Billion Without China Contribution
For the third quarter of fiscal 2027, NVIDIA anticipates revenue of $108.0 billion, plus or minus 2%.
The group specifies that it is retaining no contribution from its Data Center segment originating from China in this forecast. Expected GAAP and non-GAAP gross margin is 74.0%, plus or minus 50 basis points, and operating expenses are estimated at approximately $9.2 billion on a GAAP basis and $9.0 billion on a non-GAAP basis.
For the full fiscal 2027, NVIDIA anticipates a GAAP and non-GAAP tax rate between 16.0% and 18.0%, excluding exceptional items. The group also indicated that its Vera Rubin platform has entered full production, with deployments at partners including CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure and Nebius.
