NVDA Q2 FY2027 earnings — 2026-08-26

NVIDIA reported the second quarter of fiscal 2027 after the close on August 26, 2026, filing a Form 10-Q and a Form 8-K the same day.

Revenue was $96.221B, up 106% year over year and 18% sequentially. GAAP gross margin was 75.0%, GAAP operating income $63.734B, and GAAP diluted EPS $2.46; non-GAAP diluted EPS was $2.22. Data Center revenue was $89.023B, up 117% year over year, split between Hyperscale at $48.710B and the AI Clouds, Industrial & Enterprise bucket at $40.313B.

Guidance for the third quarter of fiscal 2027 is revenue of $108.0B plus or minus 2%, with GAAP and non-GAAP gross margins of 74.0% plus or minus 50 basis points, and no Data Center compute revenue from China assumed. On the earnings call management gave a preliminary expectation of roughly 70% revenue growth in fiscal 2028 and reset the gross-margin path, guiding a trough of 71–72% in the fourth quarter before settling at 72–73% in fiscal 2028, attributing the reset to memory prices that exceeded prior expectations.

The quarter's balance-sheet and commitment disclosures are analysed separately in the deep dive filed the same day.

Sources

• NVIDIA Form 10-Q, quarter ended 2026-07-26
• NVIDIA Form 8-K EX-99.1 press release, 2026-08-26
• NVIDIA Form 8-K EX-99.2 CFO commentary, 2026-08-26
• 10Q-2026-08-26.html
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