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Nvidia reports $96.2 billion in quarterly revenue, up 106% from a year ago

Nvidia published on August 26 the results for the second quarter of its fiscal year 2027, which ended on July 26, 2026.
August 26, 2026
Curated High

What it says

  • Revenue of $96.2 billion, up 18% from the previous quarter and 106% from a year earlier.
  • The data center business contributes $89 billion, up 117% year over year: more than 92% of the total.
  • Gross margin of 75.0%. Diluted earnings per share of $2.46 under generally accepted accounting principles (GAAP) and $2.22 on the adjusted measure.
  • Outlook for the third quarter: $108 billion, plus or minus 2%, excluding data center compute revenue in China.
  • The Vera Rubin platform is in full production, with racks already running at CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and Nebius.

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Our take

These figures are the large providers' AI spending seen from the other side: what is being installed today is the capacity that will be sold to you as a service in a year or two. For planning, the practical move is not to bet on one manufacturer but to negotiate cloud and AI contracts that let you switch provider and model when the price per query drops.

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