Last updated: 2026-08-27 · Published: 2026-08-27
NVIDIA posted its largest quarterly revenue on record, nearly doubling sales year over year, as demand for its AI data-center chips kept accelerating. The company also raised its outlook and, for the first time, issued a year-ahead growth target of roughly 70% for fiscal 2028.
SANTA CLARA, Calif. — NVIDIA reported revenue of $96.2 billion for its fiscal second quarter ended July 26, 2026, up 106% from a year ago and 18% from the prior quarter. Data center revenue reached $89.0 billion, up 117% year over year. GAAP net income rose to $59.7 billion, up 126%, and diluted earnings per share came in at $2.46 on a GAAP basis and $2.22 on a non-GAAP basis.
Key facts at a glance
| Total revenue | $96.2 billion, up 106% year over year |
| Data Center revenue | $89.0 billion, up 117% year over year |
| GAAP gross margin | 75.0% |
| GAAP diluted EPS | $2.46 (versus $1.08 a year ago) |
| GAAP net income | $59.7 billion, up 126% |
| Q3 fiscal 2027 outlook | Revenue around $108.0 billion, plus or minus 2% |
| Year-ahead forecast | Roughly 70% revenue growth targeted for fiscal 2028 |
| Shareholder returns | About $26.0 billion returned in the quarter |
Record quarter, faster growth ahead
Demand across AI infrastructure — data centers, networking and the company’s next-generation Vera Rubin platform, which NVIDIA says is now in full production — powered the jump. CEO Jensen Huang framed the results in stark terms. “AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue,” he said in the release.
NVIDIA beat Wall Street’s expectations, which the pre-earnings coverage at ScoopVibe had flagged as the central test for the resurgent AI trade. Analysts had modeled roughly $92 to $93 billion in revenue, a figure the company cleared by a wide margin.
Guidance and the first year-ahead forecast
For the fiscal third quarter, NVIDIA expects revenue of about $108.0 billion, plus or minus 2%, with GAAP and non-GAAP gross margins near 74%. The company is not assuming any data-center compute revenue from China in that outlook, a point that reflects ongoing export limits.
NVIDIA also delivered its first-ever one-year-ahead forecast, signaling approximately 70% revenue growth for fiscal 2028. Early coverage from outlets including Fortune, Axios and CNBC described the target as an attempt to answer AI-bubble skeptics who have questioned whether spending on AI infrastructure can keep climbing.
Shareholder returns and dividend
NVIDIA returned about $26.0 billion to shareholders during the quarter through buybacks and dividends and still had roughly $99.0 billion left under its repurchase authorization. It will pay its next quarterly dividend of $0.25 per share on October 1, 2026, to shareholders of record on September 10, 2026.
Watch: What the Videos Show
Two recaps break down the numbers, the data-center business and where AI stocks may go from here.
NVIDIA $96.2B Q2 Revenue & Salesforce Anthropic Claudeforce Rotation [Aug 26, 2026]
This recap runs through the record $96.2 billion print, notes that shares of Salesforce jumped about 13% after hours on its own beat and its Anthropic integration, and flags a Morgan Stanley point about roughly $3 trillion in off-balance-sheet AI-related debt in the sector, as shown in the video.
NVIDIA Just Reported Earnings — Here’s Where NVDA & AI Stocks Go Next
This segment walks through the headline numbers, guidance, margins, the China question and the Blackwell ramp, then maps the likely path for AI chip names in response, as described in the video.
What Is Confirmed vs. Speculation
| Confirmed | Not confirmed |
| $96.2B revenue and $89.0B data-center revenue for fiscal Q2 2027 | Whether the ~70% fiscal 2028 growth target will be hit |
| Q3 fiscal 2027 guidance of about $108B | Size and timing of any future AI-chip orders from large customers |
| Roughly $26B returned to shareholders in the quarter | Reports of a possible NVIDIA-Hugging Face acquisition; not confirmed by NVIDIA |
Online chatter after the print included speculation about an NVIDIA bid for AI platform Hugging Face. NVIDIA has not confirmed any such deal, and that claim is not supported by evidence in the earnings report.
Frequently asked questions
When did NVIDIA report fiscal second-quarter 2027 earnings?
NVIDIA reported results on August 26, 2026, for the quarter ended July 26, 2026.
How much revenue did NVIDIA report?
Revenue was $96.2 billion, up 18% sequentially and 106% from a year earlier.
What was NVIDIA’s data-center revenue?
Data-center revenue was $89.0 billion for the quarter, up 117% year over year.
What is NVIDIA’s outlook for the third quarter?
NVIDIA expects revenue of about $108.0 billion, plus or minus 2%, and gross margins near 74%. Its outlook assumes no data-center compute revenue from China.
What is NVIDIA’s new year-ahead growth forecast?
NVIDIA issued its first one-year-ahead forecast, projecting roughly 70% revenue growth for fiscal 2028.
How did NVIDIA’s stock react to earnings?
Shares rose after the report as investors weighed the record quarter and strong guidance, with some early coverage citing a gain of around 4.7%.
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Sources: NVIDIA Newsroom, Yahoo Finance, Fortune, Axios, CNBC, Investor’s Business Daily, WSJ
