Nvidia Earnings Results: Revenue More Than Doubles to $96.2 Billion

Nvidia (NVDA) reported record fiscal second-quarter revenue on Wednesday, 26 August 2026, as continued spending on artificial intelligence infrastructure lifted its Data Center business. 

Revenue reached $96.2 billion, up 106% from a year earlier and 18% from the previous quarter, while adjusted earnings per diluted share came in at $2.22. 

The results exceeded Wall Street expectations for approximately $92.2 billion in revenue and adjusted earnings of about $2.09-$2.10 per share.

TL;DR

• Nvidia Q2 revenue hit a record $96.2 billion, up 106% YoY.

• Data Center revenue reached $89 billion, up 117% YoY.

• Adjusted EPS of $2.22 beat Wall Street expectations.

• Nvidia guided for $108 billion in Q3 revenue.

• The outlook assumes no China Data Center compute revenue.

Key developments: Nvidia Earnings Results

Nvidia's Data Center division remained the main contributor to growth. Quarterly Data Center revenue reached a record $89.0 billion, increasing 18% sequentially and 117% year on year. The division accounted for more than 92% of Nvidia's total quarterly revenue, underlining the scale of demand linked to AI computing infrastructure. Nvidia also reported a 75.0% non-GAAP gross margin, compared with 72.5% in the same period a year earlier.

Adjusted earnings per diluted share rose to $2.22 from $1.01 a year earlier, while non-GAAP net income increased 118% year on year to approximately $54.0 billion. 

Attention also turned to Nvidia's outlook. The company expects fiscal third-quarter revenue of $108 billion, plus or minus 2%, compared with an analyst estimate of $104.86 billion. Nvidia expects GAAP and non-GAAP gross margins of approximately 74%, plus or minus 50 basis points. Importantly, the forecast does not assume any Data Center compute revenue from China. 

The Nvidia stock price response was volatile despite the earnings beat. Nvidia shares closed regular trading on Wednesday at $209.66, down 1.59%, before initially declining following the earnings release and subsequently reversing higher during extended trading. The changing reaction came as market participants assessed both the earnings figures and management's outlook for continued AI infrastructure demand. (Source: NVIDIA)

AI infrastructure remains central to Nvidia's growth

Nvidia said its next-generation Vera Rubin platform is now ramping into full production, with systems operating at partners including Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure and CoreWeave. The company also highlighted broader investment in AI infrastructure, including financing initiatives involving Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR that are intended to mobilise more than $500 billion in third-party capital over time, subject to definitive agreements.

The quarterly figures reinforce Nvidia's position at the centre of spending on AI computing infrastructure. Revenue more than doubled year on year, Data Center sales grew even faster, and the company's $108 billion third-quarter forecast would take quarterly revenue above $100 billion if achieved. For market participants following Nvidia, semiconductor shares and the broader technology sector, the results provide an updated measure of the scale of capital spending associated with the ongoing AI infrastructure buildout.

Conclusion 

Nvidia’s Q2 FY2027 results highlighted continued growth in AI infrastructure demand, with record revenue, strong Data Center sales and earnings above market expectations. Looking ahead, the company’s $108 billion Q3 revenue guidance and the rollout of its Vera Rubin platform remain key developments for Nvidia and the broader semiconductor sector.

*Past performance does not guarantee future results. The above is for marketing and general informational purposes only, and these are only projections and should not be taken as investment research, investment advice or a personal recommendation.