# Nvidia posts $96.2bn quarterly revenue, up 106% year on year

> Nvidia's Q2 fiscal 2027 revenue hit $96.2bn, beating forecasts, on data-centre demand.

*The chipmaker's data-centre business grew 117% as it forecast $108bn in sales for the current quarter.*

By Behzad Hosseini · WireRead
Canonical: https://wireread.com/news/nvidia-posts-96-2bn-quarterly-revenue-up-106-year-on-year

Nvidia reported record quarterly revenue of $96.2 billion for the three months to 26 July 2026, up 106% from $46.7 billion a year earlier, the company said on 26 August 2026.

Nvidia said the figure beat analyst consensus of about $92.1 billion by roughly 4.5%, and marked an 18% rise on the previous quarter.

Data-centre revenue reached $89.0 billion, up 18% quarter on quarter and 117% year on year, according to the [company's results statement](https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027).

Gross margin stood at 75.0% on both a GAAP and non-GAAP basis. Net income was $59.7 billion, with earnings per share of $2.46 GAAP and $2.22 non-GAAP, ahead of a $2.09 consensus and the fifth consecutive quarterly beat.

Nvidia returned about $26.0 billion to shareholders through buybacks and dividends, leaving roughly $99.0 billion under its existing buyback authorisation. The next dividend, of $0.25 per share, is payable on 1 October.

The company's debt rose to $33.4 billion from $8.5 billion in January. Nvidia is separately backing up to $105 billion of financing for OpenAI's data centre in Ohio.

Nvidia forecast third-quarter revenue of $108.0 billion, plus or minus 2%, a figure that assumes no data-centre compute revenue from China. The guidance follows warnings to customers days earlier that server prices will rise by more than 15% because of higher memory costs.

## Key takeaways

- Revenue reached $96.2bn for the quarter ended 26 July, up 106% year on year
- Data-centre revenue rose 117% to $89bn, the main driver of growth
- Nvidia forecast $108bn in revenue for the next quarter, excluding China compute sales

## Sources

- [NVIDIA Announces Financial Results for Second Quarter Fiscal 2027](https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027) — NVIDIA, 2026-08-26