Nvidia posts $96.2B quarter, guides $108B as Huang calls AI an inflection point

Nvidia closed the second quarter of its fiscal 2027 on July 26, 2026 with $96.2 billion in revenue. That's a 106% jump from the same period a year ago and an 18% climb from the prior quarter. For scale, the single quarter came close to half of everything Nvidia booked across its entire previous fiscal year.

Data Center did the heavy lifting again, hauling in $89.0 billion, up 117% year over year. The segment now accounts for more than 90% of the company's revenue. Profitability held steady too: non-GAAP diluted earnings per share hit $2.22, up 120% from a year earlier, and gross margin stayed at 75%.

Nvidia isn't slowing down. It guided third-quarter fiscal 2027 revenue to approximately $108 billion, plus or minus 2%, with gross margin around 74%, give or take 50 basis points. That's a modest step down from the 75% the company just posted.

CEO Jensen Huang framed the moment as an inflection point for AI, saying the technology's capabilities are becoming more productive and more valuable. He also projected roughly 70% revenue growth for fiscal 2028 — a number he described as supply-constrained. Wall Street had been modeling about 44% for that year, meaning Huang's own outlook runs well ahead of the Street's.

The latest quarter sits on top of a monster fiscal 2026, when Nvidia booked $215.9 billion in total revenue, up 65% from the year before, with Data Center accounting for around 90% of it. The next checkpoint is the third quarter: hitting that $108 billion target inside the 2% range would back up Huang's inflection-point talk with actual sales.