Nvidia Reports Record Growth in Q2 Fiscal 2027
Nvidia (NASDAQ: NVDA) announced a record revenue of $96.2 billion for Q2 fiscal 2027, marking a 106% year-over-year increase and an 18% rise from the previous quarter. The company reported a gross margin of 75%, expected to decrease slightly to 74% in Q3, with anticipated revenue of $108 billion, reflecting a 12.3% quarter-over-quarter growth. Key drivers of this growth include high demand for artificial intelligence products and the upcoming Vera Rubin supercomputer, which is projected to account for 20% of Nvidia’s data center revenue.
Nvidia’s guidance indicates a 70% revenue increase for fiscal 2028 compared to fiscal 2027, supported by deals with hyperscalers and enterprises, alongside $500 billion in recent partnerships for AI infrastructure investment. The Vera Rubin platform is noted for its rapid production ramp-up, with initial shipments beginning in August 2023.
With expectations of significant contributions from the Vera Rubin platform, Nvidia aims to expand its share of the data center market, driven by a shift from hardware sales to comprehensive AI computing solutions. The company’s CEO, Jensen Huang, foresees Vera Rubin becoming the standard setup for global data centers.
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