NVIDIA reported second-quarter fiscal 2027 revenue of $96.2 billion, a 106% jump from a year earlier, as Jensen Huang said demand for AI is accelerating and the buildout around it is “at full steam.” The company also said gross margin held at 75.0% under both GAAP and non-GAAP measures, while earnings per diluted share came in at $2.46 on a GAAP basis and $2.22 on a non-GAAP basis.
The numbers landed on a day investors were already watching closely for NVIDIA earnings, and they give a clean read on how quickly the company’s business is still expanding. Revenue was also up 18% from the previous quarter, a pace that underscores why the stock remains so tightly tied to the pace of AI infrastructure spending and why traders keep tracking every earnings release as if it were a market event of its own.
Huang framed the quarter as evidence that the market has moved beyond an initial burst of experimentation. He said AI has reached its inflection point, that its tokens are productive and profitable, and that compute is now revenue. He also said that, a year ago, one lab had been driving the buildout, but now there is a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online across the U.S. and around the world. In that telling, NVIDIA is not just supplying chips; it is selling the machinery behind a much larger industrial shift.
There is still a detail in the quarter that matters for anyone watching how aggressively the company is using its cash. NVIDIA said it returned about $26.0 billion to shareholders through share repurchases and cash dividends, yet it still had about $99.0 billion left under its repurchase authorization at the end of the period. That leaves a large pool of capital still in reserve even after a hefty payout, which tells investors the company sees room to keep supporting the stock while it keeps funding growth.
The report also points to what comes next. NVIDIA said it will pay a quarterly cash dividend of $0.25 per share on October 1, 2026, to shareholders of record on September 10, 2026, and it will hold a conference call with analysts and investors at 5 p.m. Eastern time today. The company did not include its third-quarter fiscal 2027 outlook in the provided text, so that call is the next chance for investors to hear how management is reading demand after a quarter that combined explosive revenue growth with a still-dominant margin profile.
