Nvidia posts $96 billion quarter as AI infrastructure demand surges

Nvidia posts $96 billion quarter as AI infrastructure demand surges

Nvidia reported $96.2 billion in quarterly revenue as Data Center sales jumped 117%, while shares fell 1.45% in after-hours trading.

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By Editorial Team
Edited by Estefano Gomez

Nvidia reported $96.2 billion in second-quarter fiscal 2027 revenue as demand for AI infrastructure continued to accelerate across data centers and frontier AI labs.

Revenue rose 18% from the previous quarter and 106% from a year earlier. GAAP earnings reached $2.46 per diluted share, while adjusted earnings came in at $2.22 per share.

GAAP net income climbed 126% year over year to $59.7 billion, while operating income increased 124% to $63.7 billion. Gross margin reached 75%, compared with 72.4% in the same quarter last year.

Data Center remained Nvidia’s main growth engine. Revenue from the segment reached $89 billion, up 18% from the previous quarter and 117% from a year earlier.

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CEO Jensen Huang said AI demand is accelerating as more frontier labs, startups, and open model developers scale their computing infrastructure. He said the AI infrastructure buildout is operating at “full steam.”

Nvidia said its Vera Rubin platform is ramping into full production, with systems running at CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and Nebius. 

The company also introduced its Vera CPU for AI agents and said its Groq 3 LPX inference accelerator has entered full production.

For the third quarter, Nvidia expects revenue of $108 billion, plus or minus 2%. Gross margin is expected to be about 74%. The forecast assumes no Data Center compute revenue from China.

Nvidia is also expanding its role in financing the broader AI infrastructure buildout. The company announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR aimed at mobilizing more than $500 billion in third-party capital over time.

SpaceXAI will also deploy Nvidia Vera CPUs for its next generation of agentic AI applications.

Nvidia returned about $26 billion to shareholders through repurchases and dividends during the quarter and ended the period with roughly $99 billion remaining under its share repurchase authorization.

Free cash flow reached $21.3 billion, up from $13.45 billion in the same period last year.

Despite the sharp revenue growth, Nvidia shares were down 1.45% in after-hours trading following the results.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TECHNOLOGY
Nvidia posts $96 billion quarter as AI infrastructure demand surges
Nvidia posts $96 billion quarter as AI infrastructure demand surges

Nvidia reported $96.2 billion in quarterly revenue as Data Center sales jumped 117%, while shares fell 1.45% in after-hours trading.

By Editorial Team
Edited by Estefano Gomez

Share

Add us on Google

Nvidia reported $96.2 billion in second-quarter fiscal 2027 revenue as demand for AI infrastructure continued to accelerate across data centers and frontier AI labs.

Revenue rose 18% from the previous quarter and 106% from a year earlier. GAAP earnings reached $2.46 per diluted share, while adjusted earnings came in at $2.22 per share.

GAAP net income climbed 126% year over year to $59.7 billion, while operating income increased 124% to $63.7 billion. Gross margin reached 75%, compared with 72.4% in the same quarter last year.

Data Center remained Nvidia’s main growth engine. Revenue from the segment reached $89 billion, up 18% from the previous quarter and 117% from a year earlier.

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CEO Jensen Huang said AI demand is accelerating as more frontier labs, startups, and open model developers scale their computing infrastructure. He said the AI infrastructure buildout is operating at “full steam.”

Nvidia said its Vera Rubin platform is ramping into full production, with systems running at CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and Nebius. 

The company also introduced its Vera CPU for AI agents and said its Groq 3 LPX inference accelerator has entered full production.

For the third quarter, Nvidia expects revenue of $108 billion, plus or minus 2%. Gross margin is expected to be about 74%. The forecast assumes no Data Center compute revenue from China.

Nvidia is also expanding its role in financing the broader AI infrastructure buildout. The company announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR aimed at mobilizing more than $500 billion in third-party capital over time.

SpaceXAI will also deploy Nvidia Vera CPUs for its next generation of agentic AI applications.

Nvidia returned about $26 billion to shareholders through repurchases and dividends during the quarter and ended the period with roughly $99 billion remaining under its share repurchase authorization.

Free cash flow reached $21.3 billion, up from $13.45 billion in the same period last year.

Despite the sharp revenue growth, Nvidia shares were down 1.45% in after-hours trading following the results.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.