Nvidia Revenue Hits USD 96,200,000,000, Shares Surge 8.7%…Next-Quarter Forecast Reaches USD 108,000,000,000
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Nvidia reported revenue of USD 96,200,000,000 for the 2 quarter of fiscal 2027, announced on 2026-08-26, and projected next-quarter revenue of USD 108,000,000,000±2%. As of 17:1 on August 28 Korea time, its shares had risen 8.7% in the most recently completed regular U.S. trading session. However, the next-quarter outlook excludes data center compute revenue from China.
The scale of the changes makes these figures more significant than simply another strong earnings report from Nvidia. Revenue more than doubled from 1 year earlier, while data center revenue accounted for well over 90% of total revenue. Nvidia also provided a growth outlook extending further into the future than usual, changing the benchmarks investors need to monitor.
How Much Did Nvidia's 2-Quarter Results Grow?
Nvidia's revenue for the 2 quarter of fiscal 2027 was USD 96,221,000,000. That represented an increase of 18% from the previous quarter and 106% from the same period a year earlier. GAAP net income reached USD 59,688,000,000, up 126% year over year, while diluted earnings per share were USD 2.46.
Revenue in the same quarter of the previous year was USD 46,743,000,000. Comparing the two periods directly shows that quarterly revenue increased by approximately USD 49,478,000,000 over 1 year.
Author's calculation:
USD 96,221,000,000 - USD 46,743,000,000 = USD 49,478,000,000 increase
Gross margin is another important figure to examine. Nvidia's GAAP gross margin for the 2 quarter was 75.0%, higher than 74.9% in the previous quarter and 72.4% in the same period a year earlier.
For a company as large as Nvidia, maintaining gross margin alongside revenue growth is just as important as the revenue growth rate itself. Even when sales rise sharply, profitability can weaken if production and component costs increase even faster.
Through this quarter, Nvidia demonstrated both revenue growth and a gross margin of approximately 75%.
Why Did Nvidia Shares Rise 8.7% After the Earnings Announcement?
Nvidia shares rose 8.7% during the regular U.S. trading session on 2026-08-27. The increase reflected not only the earnings results themselves but also the company's future revenue outlook meeting the market's elevated expectations.
Nvidia projected revenue of USD 108,000,000,000 for the 3 quarter, with a margin of variation of ±2%. Following the earnings announcement, the company also projected that revenue for the fiscal year ending January 2028 would increase by approximately 70%.
Nvidia typically provides quarterly guidance, so its decision to offer a growth forecast covering a longer period was another notable aspect of this announcement.
Technology stocks also strengthened in the U.S. market alongside Nvidia's gains. On 27, the Nasdaq Composite rose 1.57%, while the S&P500 gained 0.72%.
However, a single day's share-price increase cannot determine the stock's future direction. Immediately after an earnings announcement, prices reflect several factors simultaneously: revenue and earnings, expectations already priced into the stock, next-quarter guidance, margins, and supply conditions.
What distinguishes this earnings announcement from previous ones is that Nvidia provided figures indicating how much future revenue growth could continue, rather than focusing solely on the current quarter's performance.
What Is the Actual Range of the USD 108,000,000,000 Revenue Forecast for the 3 Quarter?
Nvidia's USD 108,000,000,000 forecast is not a fixed revenue estimate. It is the midpoint of guidance with a range of ±2%. Expressed in monetary terms, that translates to approximately USD 105,840,000,000 to USD 110,160,000,000.
Author's calculation:
USD 108,000,000,000 × 2% = USD 2,160,000,000
Therefore, the forecast range is
USD 105,840,000,000~USD 110,160,000,000.
Comparing the midpoint of USD 108,000,000,000 with revenue of USD 96,221,000,000 in the current 2 quarter shows an increase of approximately 12.2%.
Author's calculation:
(USD 108,000,000,000 - USD 96,221,000,000) ÷ USD 96,221,000,000 × 100
= Approximately 12.2% increase
In other words, Nvidia expects additional sequential revenue growth on top of the strong growth recorded compared with 1 year earlier.
However, looking at USD 108,000,000,000 alone could overlook an important condition. Nvidia did not assume any data center compute revenue from China in this forecast.
The guidance alone cannot establish whether additional Chinese revenue will materialize or how large it might be. Therefore, interpreting the exclusion of Chinese revenue as proof that actual revenue will necessarily exceed the forecast by a wide margin would also be an unverified assumption.
Data Center Revenue Reaches USD 89,000,000,000, Accounting for 92.5% of Total Revenue
Nvidia's data center revenue for the 2 quarter reached USD 89,000,000,000, an increase of 117% from the same period a year earlier. Calculating its share of total revenue of USD 96,221,000,000 gives approximately 92.5%.
Author's calculation:
USD 89,000,000,000 ÷ USD 96,221,000,000 × 100 = Approximately 92.5%
This figure explains why PC graphics card sales alone are no longer sufficient to evaluate Nvidia's financial performance. The company's results are now driven primarily by data center computing and networking infrastructure used for large-scale AI training and inference.
Data center revenue also increased 18% from the previous quarter. Since total revenue grew by 18% as well, the figures confirm that most of the quarter's growth remained closely tied to the AI data center business.
Nvidia also announced that its next-generation Vera Rubin platform had entered full-scale production. Its earnings materials stated that Vera Rubin racks were operating at CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, Nebius, and other providers.
Going forward, investors should therefore monitor not only sales of existing products but also how much Vera Rubin contributes to actual revenue growth.
Revenue Is Growing, but the 3-Quarter Margin Forecast Is 74%
Although gross margin for the 2 quarter was 75.0%, Nvidia's midpoint forecast for both GAAP and non-GAAP gross margins in the 3 quarter is 74.0%. The guidance allows a variation of ±0.5% percentage points.
Comparing the midpoints alone indicates a projected decline of 1.0% percentage points over one quarter.
Author's calculation:
75.0% - 74.0% = 1.0% percentage points
The projected decline in margins deserves separate attention, even as the revenue outlook increases from USD 96,200,000,000 to USD 108,000,000,000. Revenue growth and the proportion of gross profit remaining from USD 1 in revenue are different financial indicators.
Therefore, when the next earnings report arrives, investors should check not only whether revenue exceeds USD 108,000,000,000 but also whether gross margin remains within the company's projected range.
This is particularly important because Nvidia's current valuation is driven by expectations of strong growth. Investors need confirmation that revenue expansion and profitability can be sustained simultaneously.
How Should Investors Interpret Chinese Revenue and the 70% Growth Forecast?
The two elements most susceptible to overinterpretation in this announcement are Chinese revenue and the longer-term growth forecast. Nvidia's USD 108,000,000,000 revenue outlook for the 3 quarter does not include data center compute revenue from China, but that does not guarantee Chinese revenue will materialize in the future.
Conversely, the fact that Nvidia forecasts revenue of approximately USD 108,000,000,000 even without including Chinese revenue is directly verifiable from its published guidance.
In discussions with analysts following the earnings announcement, Nvidia projected that revenue for the fiscal year ending January 2028 would grow by approximately 70%. This outlook covers a longer period than one or two quarters, but actual results will need to be confirmed through subsequent quarterly earnings reports.
With Nvidia shares already having risen 8.7% on the trading day following the earnings announcement, it would also be premature to assume the stock will continue moving in the same direction. Investors should distinguish between Nvidia's actual financial performance and the expectations already reflected in its share price.
The key indicators to monitor are relatively clear. First, whether 3-quarter revenue falls within the company's projected range of 1,058 hundred million 4,000 ten thousand~USD 110,160,000,000. Second, whether gross margin remains near 74.0%±0.5% percentage points. Third, whether assumptions about Chinese data center compute revenue are incorporated into subsequent guidance. Fourth, whether expanded Vera Rubin production translates into actual data center revenue growth.
As of 2026-08-28, Nvidia's latest results cannot be reduced to a single figure showing that it earned USD 96,200,000,000. With data centers accounting for approximately 92.5% of total revenue, the midpoint of next-quarter revenue guidance has risen to USD 108,000,000,000. At the same time, the gross-margin midpoint has declined from 75% to 74%. The key question in future earnings reports will be how these three figures move together.
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이 포스팅은 쿠팡 파트너스 활동의 일환으로, 이에 따른 일정액의 수수료를 제공받습니다.