Nvidia reported quarterly revenue of $96.2 billion, up 106% from a year earlier, and guided to approximately $108 billion next quarter. Data Center drove the result, and CEO Jensen Huang projected roughly 70% revenue growth for fiscal 2028, well above analyst expectations.
Nvidia reported $96.2 billion in quarterly revenue, a 106% increase from the same period a year ago. The chipmaker expects next quarter to land at approximately $108 billion.
Data Center carries the quarter
The results cover the second quarter of Nvidia's fiscal 2027, which closed on July 26, 2026. Revenue grew 18% from the prior quarter on top of the annual gain.
The Data Center segment brought in $89.0 billion, up 117% from a year earlier. Profitability held up as well: non-GAAP diluted earnings per share came in at $2.22, up 120% year over year, while gross margin stayed at 75%.
Guidance points to continued growth
For the third quarter of fiscal 2027, Nvidia guided revenue to approximately $108 billion, plus or minus 2%. It expects gross margin of around 74%, give or take 50 basis points.
Huang described the AI sector as having reached an inflection point. He also projected revenue growth of roughly 70% for fiscal 2028, a figure he characterized as supply-constrained.
That outlook sits above Wall Street's earlier view. Analysts had previously expected growth of about 44% for that year.
The latest quarter builds on fiscal 2026, when Nvidia posted total revenue of $215.9 billion, up 65% from the year before.
Source: Crypto Briefing
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