NVIDIA reported another sharp increase in revenue for the second quarter of fiscal 2027, with sales up 106% from a year earlier as demand for AI infrastructure continues to build.

NVIDIA reported $96.2 billion in revenue for the second quarter of fiscal 2027, marking an 18% increase from the previous quarter and a 106% increase from the same quarter a year earlier.

The company also reported 75.0% GAAP and non-GAAP gross margins, while GAAP diluted earnings per share came in at $2.46 and non-GAAP diluted earnings per share reached $2.22.

The results arrive as NVIDIA CEO Jensen Huang says demand for AI computing is accelerating and that the buildout of AI infrastructure is operating at full speed.

What were NVIDIA’s Q2 fiscal 2027 results?

NVIDIA’s second-quarter fiscal 2027 revenue reached $96.2 billion for the quarter ended July 26, 2026.

That represents:

• 18% growth from the previous quarter
• 106% growth from a year earlier
• 75.0% GAAP gross margin
• 75.0% non-GAAP gross margin
• $2.46 GAAP diluted earnings per share
• $2.22 non-GAAP diluted earnings per share

The year-over-year revenue increase is particularly notable. NVIDIA more than doubled its quarterly revenue compared with the same period a year earlier, according to the company’s reported results.

The company attributed the momentum to accelerating demand for AI infrastructure, with Huang describing the current environment as a period of rapid expansion across AI laboratories, startups and other areas of AI development.

How much did NVIDIA revenue grow?

NVIDIA generated $96.2 billion in revenue during the second quarter.

Compared with the previous quarter, revenue increased by 18%.

Compared with the second quarter of the previous year, revenue increased by 106%.

The two figures provide different perspectives on NVIDIA’s current growth.

The quarterly increase shows that revenue continued to expand even from an already elevated level. The year-over-year increase shows the scale of the company’s expansion compared with the same period one year earlier.

For investors following NVIDIA’s financial performance, both measures provide important context for understanding the pace of growth.

NVIDIA Q2 fiscal 2027 earnings show strong profitability

Revenue was not the only major figure in NVIDIA’s latest financial results.

The company reported 75.0% GAAP gross margins and 75.0% non-GAAP gross margins for the quarter.

Gross margin measures how much revenue remains after the cost of goods sold is accounted for, before other operating expenses and items are considered.

In NVIDIA’s case, the reported 75.0% figure means that gross margin remained at a high level alongside the company’s rapid revenue growth.

NVIDIA also reported:

• $2.46 GAAP earnings per diluted share
• $2.22 non-GAAP earnings per diluted share

The distinction between GAAP and non-GAAP figures reflects the different accounting treatments used in the company’s reporting.

For investors, the figures provide two views of NVIDIA’s quarterly profitability while the company continues to expand its AI infrastructure business.

What do NVIDIA’s earnings per share figures mean?

NVIDIA reported diluted earnings per share of $2.46 on a GAAP basis and $2.22 on a non-GAAP basis.

Earnings per share, or EPS, represents the portion of a company’s earnings attributable to each diluted share.

The GAAP figure is based on generally accepted accounting principles. The non-GAAP figure uses the company’s non-GAAP reporting methodology.

Both figures were included in NVIDIA’s official second-quarter fiscal 2027 results.

Jensen Huang says AI demand is accelerating

NVIDIA founder and CEO Jensen Huang said the company’s latest results reflect a significant change in how AI computing is being used.

His view is that AI has reached an inflection point, with AI systems increasingly performing useful work and producing economic value.

Huang said that “compute is revenue”, emphasizing the growing relationship between AI workloads and demand for computing infrastructure.

He also pointed to the expanding number of organizations developing and scaling AI systems.

According to Huang, the AI ecosystem now includes:

• New AI laboratories and startups
• Multiple frontier laboratories scaling at the same time
• An open-model ecosystem
• Physical AI coming online
• Strong momentum across the United States and around the world

His broader message was that demand for AI infrastructure is no longer being driven by a single part of the market.

Instead, he described a much broader buildout involving multiple groups and applications.

Why is AI infrastructure important to NVIDIA’s results?

NVIDIA’s latest financial results are closely tied to the broader expansion of AI infrastructure.

As companies and AI laboratories develop increasingly sophisticated AI systems, computing infrastructure becomes a central requirement for training and operating those systems.

Huang said demand is accelerating and described the AI infrastructure buildout as being “at full steam.”

That assessment provides important context for NVIDIA’s 106% year-over-year revenue growth.

The company is positioning its computing technology around the expanding requirements of AI workloads, while Huang says the market is entering what he describes as a golden age of new AI laboratories and startups.

The growth is therefore not being presented simply as a short-term increase in demand. NVIDIA’s CEO characterized it as part of a broader expansion of AI computing.

NVIDIA highlights Vera Rubin

Huang also highlighted Vera Rubin, saying the platform is now in full production.

He described Vera Rubin as having been built specifically to power the current period of accelerated AI infrastructure development.

The announcement provides no additional financial breakdown of Vera Rubin’s contribution to the quarter, so the reported $96.2 billion revenue figure should not be attributed to Vera Rubin alone.

Instead, Huang’s comments place the platform within NVIDIA’s broader effort to provide computing infrastructure for the current expansion of AI.

NVIDIA returned $26 billion to shareholders

NVIDIA also returned substantial capital to shareholders during the second quarter of fiscal 2027.

The company said it returned approximately $26.0 billion through a combination of:

• Share repurchases
• Cash dividends

That figure represents the total amount NVIDIA says it returned to shareholders during the quarter through those two methods.

The company also had approximately $99.0 billion remaining under its share repurchase authorization at the end of the second quarter.

That means NVIDIA retains substantial authorization for additional share repurchases.

What is NVIDIA’s share repurchase authorization?

A share repurchase authorization allows a company to buy back its own shares under an approved program.

NVIDIA reported approximately $99.0 billion remaining under its authorization at the end of the second quarter.

The company did not state in the supplied announcement how quickly it intends to use the remaining authorization.

That distinction matters: the $99.0 billion figure represents the remaining authorization, not money that was necessarily spent during the quarter.

When is NVIDIA’s next dividend payment?

NVIDIA’s next quarterly cash dividend is scheduled for October 1, 2026.

The dividend will be:

$0.25 per share

The payment will go to shareholders of record on:

September 10, 2026

That means investors who are shareholders of record on September 10 are eligible for the October 1 payment, according to the company’s announcement.

The dividend is separate from NVIDIA’s share repurchase activity. During the second quarter, the company returned capital to shareholders through both dividends and share repurchases.

What do NVIDIA’s latest results say about the AI market?

NVIDIA’s second-quarter results provide a clear picture of the company’s current financial momentum.

Revenue reached $96.2 billion, up 106% from a year earlier. At the same time, the company reported 75.0% GAAP and non-GAAP gross margins.

Huang’s comments suggest NVIDIA sees the growth as part of a broader acceleration in AI adoption.

Rather than pointing to a single AI laboratory or customer group, he described a market that now includes multiple frontier laboratories, new startups, an open-model ecosystem and physical AI.

That broader ecosystem is central to his assessment of demand.

According to Huang, AI systems are increasingly doing useful and productive work, creating additional demand for computing infrastructure.

AI demand is expanding beyond a single group

Huang contrasted the current environment with the situation one year earlier.

He said that at that time, one laboratory alone was driving the buildout. Now, he described multiple frontier laboratories scaling in parallel alongside new AI companies and an expanding open-model ecosystem.

The implication from his comments is that the demand base for AI computing has broadened.

That is significant context for NVIDIA’s latest revenue growth, although the supplied financial announcement does not provide a breakdown of revenue by individual AI laboratory, startup or application.

NVIDIA’s Q2 results at a glance

For readers looking for the key numbers, NVIDIA’s second-quarter fiscal 2027 results can be summarized as follows:

Metric	Q2 Fiscal 2027
Revenue	$96.2 billion
Revenue growth vs. previous quarter	18%
Revenue growth vs. year ago	106%
GAAP gross margin	75.0%
Non-GAAP gross margin	75.0%
GAAP diluted EPS	$2.46
Non-GAAP diluted EPS	$2.22
Capital returned to shareholders	$26.0 billion
Remaining share repurchase authorization	$99.0 billion
Next quarterly dividend	$0.25 per share
Dividend payment date	October 1, 2026
Shareholder-of-record date	September 10, 2026

These figures cover the quarter ended July 26, 2026, and the shareholder-return information reported alongside the financial results.

What should investors watch after NVIDIA’s Q2 results?

The latest results establish several figures that will be important for anyone following NVIDIA’s financial performance.

Revenue growth

The company’s $96.2 billion quarterly revenue and 106% year-over-year increase show the scale of its current expansion.

AI infrastructure demand

Huang said demand is accelerating and described the AI infrastructure buildout as being at full speed.

Gross margins

NVIDIA reported both GAAP and non-GAAP gross margins of 75.0%.

Shareholder returns

The company returned approximately $26.0 billion through share repurchases and cash dividends during the quarter.

Remaining buyback authorization

Approximately $99.0 billion remained under NVIDIA’s share repurchase authorization at the end of the quarter.

The next dividend

The next quarterly cash dividend is scheduled for October 1, 2026, at $0.25 per share for shareholders of record on September 10.

Together, these figures give investors several ways to assess NVIDIA beyond revenue alone.

NVIDIA says the AI infrastructure buildout is at full speed

The central message from NVIDIA’s latest results is closely tied to AI infrastructure.

Huang said AI has reached an inflection point, arguing that AI systems are now performing useful work and that their output is becoming productive and profitable.

He also described growing momentum across the United States and around the world.

For NVIDIA, that means continued demand for the computing infrastructure required to support an expanding AI ecosystem.

The company says Vera Rubin is now in full production and was built to support this moment.

The financial results show that this broader AI demand is occurring alongside substantial revenue growth and significant capital returns to shareholders.

What comes next for NVIDIA?

The second quarter of fiscal 2027 ended on July 26, 2026, with NVIDIA reporting $96.2 billion in revenue and a 106% year-over-year increase.

The company also reported 75.0% GAAP and non-GAAP gross margins, diluted EPS of $2.46 on a GAAP basis and $2.22 on a non-GAAP basis.

At the same time, NVIDIA returned approximately $26 billion to shareholders and retained approximately $99 billion under its share repurchase authorization.

For shareholders, the next scheduled dividend is another concrete date to watch: October 1, 2026, when NVIDIA plans to pay $0.25 per share to shareholders of record on September 10.

The broader story, however, remains AI infrastructure. Huang’s comments point to accelerating demand, an expanding ecosystem of AI laboratories and startups, and the arrival of new forms of AI computing.

The key takeaway: NVIDIA’s second-quarter results show continued rapid financial growth at a time when the company says demand for AI infrastructure is accelerating. Investors now have a fresh set of revenue, margin, earnings and shareholder-return figures to use when evaluating the company’s ongoing performance.