Nvidia generated $96.2 billion in revenue in the second quarter of fiscal 2027, which ended on July 26, 2026. Revenue increased 18% quarter over quarter and 106% year over year, while adjusted earnings per share came in at $2.22. GAAP net income reached $59.7 billion, while gross margin rose to 75%.
Data center revenue climbed 117% year over year to $89 billion and accounted for more than 90% of total revenue. CEO Jensen Huang said demand for artificial intelligence infrastructure was accelerating and announced that the Vera Rubin platform had entered full-scale production. Nvidia expects revenue of $108 billion and a gross margin of approximately 74% in the third quarter of fiscal 2027; this forecast does not include an assumption for data center revenue from China.
Why it matters
The results show that Nvidia’s financial outlook has become largely dependent on demand for artificial intelligence infrastructure and its data center operations. For those tracking the company’s growth, this concentration makes not only total revenue but also the sustainability of data center revenue a key metric. The Vera Rubin platform’s entry into full-scale production signals the start of a new phase in Nvidia’s product roadmap, although it is not yet clear to what extent the platform will contribute to the results. The fact that the third-quarter outlook does not assume data center revenue from China also leaves a question about the geographic scope of the forecasts; subsequent results may make the impact of this exclusion on the growth outlook more apparent.
Background
Nvidia is not a new name in the FikirPilot archive: we have published 4 articles mentioning the name in the past 90 days; the most recent is dated August 27, 2026. The development here will be added alongside those records in our archive; readers can follow the previous articles carrying the same name in the archive to see the timeline in full.
Term: data center
A data center is a facility where servers are housed along with cooling systems and uninterrupted power; discussions about the electricity and water consumption of artificial intelligence investments take place around these facilities.