● Covered by 6 sources · 14 reportsHigh impact9 neutral5 positive
Nvidia Reports $96.2 Billion in Revenue, Projects $108 Billion Next Quarter
Key points
- Nvidia reported $96.2 billion in revenue last quarter.
- Data center revenue reached $89 billion, up 117% year-over-year.
- Profits more than doubled to $59.7 billion.
- Company projects $108 billion in revenue for the next quarter.
- Consumer gaming revenue was $7.2 billion, a 27% increase.
- Nvidia projects 70% revenue growth for fiscal 2028.
- Fiscal 2028 revenue is estimated to reach $673 billion.
- Nvidia is projected to be the second-largest tech company by revenue.
- Nvidia's adjusted EPS was $2.46.
- Nvidia's revenue increased 106% in the latest quarter from a year earlier.
- Nvidia shares rose 7.2% in premarket trading.
- Nvidia committed up to $160 billion for memory procurement.
- Nvidia has a memory supply pact with SK Hynix.
- Nvidia's Q2 FY2027 ended on July 26, 2026.
- Nvidia's revenue increased 18% quarter-over-quarter.
- Nvidia's CFO Colette Kress delivered the forecast on August 26, 2026.
- Nvidia's fiscal 2028 revenue projection is above the 44% average analyst estimate.
- Nvidia has not previously provided a forecast this far into the future.
- Nvidia's Vera Rubin platform will account for 20% of Q3 FY2027 data center revenue.
- Vera Rubin sales will total $20 billion in Q3 FY2027.
- Vera Rubin is the fastest-ramping data center product in Nvidia's history.
- Nvidia has received Vera Rubin purchase orders from every major hyperscaler, AI cloud, and system OEM.
- Shipments of VR200 NVL72 racks began in August.
- Nvidia's equity investments grew to $99 billion.
- Nvidia's equity investments increased tenfold from the previous year.
- Nvidia committed over $40 billion in dealmaking for AI financing rounds in 2026.
- Nvidia's equity investments were $7 billion a year earlier.
- Nvidia's equity investments were $2.2 billion two years earlier.
- Alphabet and Amazon have equity investments over $100 billion.
- Nvidia announced partnerships to mobilize over $500 billion for its GPUs.
- Nvidia will provide up to $105 billion in credit for an OpenAI data center in Ohio.
- Jensen Huang reaffirmed the 70% revenue growth projection at the Goldman Sachs Communacopia + Technology conference.
- Nvidia's GPU costs $8.5 million.
- Nvidia's GPU has 2 million parts.
- Nvidia's GPU uses 250,000 kilowatts.
- Jensen Huang stated Nvidia will double chip sales next year.
- Jensen Huang made the statement at a summit with King Charles III in Scotland.
- Nvidia authorized an additional $150 billion for its share buyback program.
- Nvidia's total share buyback program is now $235 billion.
- Nvidia expects to complete the buyback program through fiscal year 2028.
- Nvidia's shares climbed 24% over the past 12 months.
- Nvidia's market cap is $5.42 trillion.
- Nvidia's stock was up 1.24% in premarket trading on Monday.
- Combined hyperscaler capital expenditure is projected to exceed $1.3 trillion by 2027.
- Nvidia's share buyback increase is the largest in history.
- Nvidia's stock rose almost 3% on Monday.
- Nvidia's adjusted EPS is projected to grow 94% in fiscal 2027.
- Nvidia's adjusted EPS grew 60% in the prior year.
- Nvidia's P/E ratio for fiscal 2028 is 14.5.
- Nvidia's average P/E ratio over the past five years is 62.9.
- Nvidia's stock is up 23% this year.
- Nvidia's net income is projected to reach $385 billion in fiscal 2028.
- Nvidia's net income projection for fiscal 2028 is a 60% increase from the prior year.
- Nvidia's net income is projected to increase more than fivefold over a three-year period.
Record Revenue and Future Projections
Nvidia reported a record $96.2 billion in overall revenue for the past quarter, an increase of over $10 billion from the previous quarter. The company's profits more than doubled to $59.7 billion. Nvidia anticipates generating $108 billion in revenue in the upcoming quarter, a milestone previously achieved by companies like Amazon, Apple, and Alphabet.
Data Center Business Drives Growth
The primary driver of Nvidia's revenue growth was its data center division, which generated $89 billion last quarter. This represents a 117% increase year-over-year. CEO Jensen Huang stated that "AI has reached its inflection point," with infrastructure buildout proceeding "at full steam."
Impact on the AI Industry
The strong performance of Nvidia's data center business underscores its central role in the artificial intelligence industry. Major tech companies, including Amazon, Meta, Google, and Microsoft, utilize Nvidia chips for their AI tools and infrastructure. Financial analysts noted that these results highlight Nvidia's ongoing momentum and exceeded Wall Street expectations.
Consumer Gaming Segment Performance
Nvidia's "edge computing" category, which includes its consumer gaming business, contributed $7.2 billion to its revenue last quarter. This marks a 27% increase year-over-year. However, the company acknowledged that this segment experienced "slower consumer PC sales that were tempered by elevated memory and systems prices," with component shortages contributing to higher prices.
Updates
- Nvidia's P/E ratio for fiscal 2028 is 14.5.
- Nvidia's average P/E ratio over the past five years is 62.9.
- Nvidia's stock is up 23% this year.
- Nvidia's net income is projected to reach $385 billion in fiscal 2028.
- Nvidia's net income projection for fiscal 2028 is a 60% increase from the prior year.
- Nvidia's net income is projected to increase more than fivefold over a three-year period.
- Nvidia's share buyback increase is the largest in history.
- Nvidia's stock rose almost 3% on Monday.
- Nvidia's adjusted EPS is projected to grow 94% in fiscal 2027.
- Nvidia's adjusted EPS grew 60% in the prior year.
- Nvidia authorized an additional $150 billion for its share buyback program.
- Nvidia's total share buyback program is now $235 billion.
- Nvidia expects to complete the buyback program through fiscal year 2028.
- Nvidia's shares climbed 24% over the past 12 months.
- Nvidia's market cap is $5.42 trillion.
- Nvidia's stock was up 1.24% in premarket trading on Monday.
- Combined hyperscaler capital expenditure is projected to exceed $1.3 trillion by 2027.
- Jensen Huang stated Nvidia will double chip sales next year.
- Jensen Huang made the statement at a summit with King Charles III in Scotland.
- Jensen Huang reaffirmed the 70% revenue growth projection at the Goldman Sachs Communacopia + Technology conference.
- Nvidia's GPU costs $8.5 million.
- Nvidia's GPU has 2 million parts.
- Nvidia's GPU uses 250,000 kilowatts.
- Nvidia's equity investments grew to $99 billion.
- Nvidia's equity investments increased tenfold from the previous year.
- Nvidia committed over $40 billion in dealmaking for AI financing rounds in 2026.
- Nvidia's equity investments were $7 billion a year earlier.
- Nvidia's equity investments were $2.2 billion two years earlier.
- Alphabet and Amazon have equity investments over $100 billion.
- Nvidia announced partnerships to mobilize over $500 billion for its GPUs.
- Nvidia will provide up to $105 billion in credit for an OpenAI data center in Ohio.
- Nvidia's CFO Colette Kress delivered the forecast on August 26, 2026.
- Nvidia's fiscal 2028 revenue projection is above the 44% average analyst estimate.
- Nvidia has not previously provided a forecast this far into the future.
- Nvidia's Vera Rubin platform will account for 20% of Q3 FY2027 data center revenue.
- Vera Rubin sales will total $20 billion in Q3 FY2027.
- Vera Rubin is the fastest-ramping data center product in Nvidia's history.
- Nvidia has received Vera Rubin purchase orders from every major hyperscaler, AI cloud, and system OEM.
- Shipments of VR200 NVL72 racks began in August.
- Nvidia shares rose 7.2% in premarket trading.
- Nvidia committed up to $160 billion for memory procurement.
- Nvidia has a memory supply pact with SK Hynix.
- Nvidia's Q2 FY2027 ended on July 26, 2026.
- Nvidia's revenue increased 18% quarter-over-quarter.
- Nvidia projects 70% revenue growth for fiscal 2028.
- Fiscal 2028 revenue is estimated to reach $673 billion.
- Nvidia is projected to be the second-largest tech company by revenue.
- Nvidia's adjusted EPS was $2.46.
- Nvidia's revenue increased 106% in the latest quarter from a year earlier.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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How outlets covered it
Nvidia announced an additional $150 billion to its share buyback program, following an earlier $80 billion plan. This decision reflects the company's view that its stock is undervalued, despite significant growth in revenue and cash flow driven by AI demand.
Nvidia's board approved an additional $150 billion for share repurchases, increasing its total authorization to $235 billion. This move aims to address the disconnect between Nvidia's financial performance and its stock's year-to-date performance, which has lagged behind its peers.
Nvidia authorized an additional $150 billion for its share buyback program, increasing the total to $235 billion. This move allows the company to return capital to shareholders while investing in AI technologies, reflecting confidence in its long-term growth amid record AI infrastructure spending.
Nvidia CEO Jensen Huang stated that the company expects to double its chip sales next year, citing the significant contributions of AI to various industries and economies. This forecast follows Nvidia's projection of 70% growth in the fiscal year ending January 2028, indicating continued expansion in the AI hardware market.
Nvidia CEO Jensen Huang reaffirmed the company's projection for 70% revenue growth next year at the Goldman Sachs Communacopia + Technology conference. Huang cited Nvidia's foundational role across all areas of AI, from model development to data center infrastructure, as the basis for this continued expansion. This outlook follows a record-breaking revenue quarter and positions Nvidia for significant financial growth in the coming year.
Nvidia's equity investments have grown to $99 billion, a tenfold increase from the previous year, positioning the company as a major backer in the AI sector. This expansion of investments aims to support the AI ecosystem and secure future business for Nvidia's GPU technology.
Nvidia expects its Vera Rubin platform to account for approximately 20% of its data center revenue in Q3 FY2027, totaling around $20 billion. This rapid sales ramp marks the fastest product introduction in Nvidia's history, with shipments of VR200 NVL72 racks beginning in August.
Nvidia forecasts 70% revenue growth for fiscal year 2028, projecting $673 billion in sales, which would position it ahead of Apple and Alphabet in revenue. This projection, delivered by CFO Colette Kress, indicates a significant expansion of AI demand beyond hyperscalers, despite current supply constraints limiting even higher growth.
Nvidia reported record revenue of $96.2 billion for Q2 FY2027, a 106% year-over-year increase, driven by demand for its AI hardware. The company also committed up to $160 billion for memory procurement, including a supply pact with SK Hynix, to support future growth in AI infrastructure.
Nvidia's shares rose 7% after the company's revenue guidance confirmed strong demand for AI, despite ongoing supply constraints. This performance suggests investor confidence in the continued growth of the AI market and Nvidia's position within it.
Nvidia reported fiscal Q2 2027 revenue of $96.22 billion and adjusted EPS of $2.46, exceeding analyst estimates. The company also provided an initial fiscal 2028 revenue forecast, projecting 70% growth over fiscal 2027, significantly higher than analyst expectations, indicating strong demand for its AI chips.
Nvidia projected 70% revenue growth for fiscal 2028, reaching an estimated $673 billion, which would position it as the second-largest tech company by revenue behind Amazon. This forecast significantly exceeds analyst estimates and indicates continued strong demand for its AI chips, despite ongoing supply constraints.
Nvidia announced its second-quarter revenue reached $96 billion, more than double from the previous year, with its data center division contributing $89 billion. This growth is attributed to the ongoing demand for AI infrastructure, solidifying Nvidia's central role in the AI industry.
Nvidia announced a record $96.2 billion in revenue for the past quarter, with projections to reach $108 billion in the coming months. This growth is primarily fueled by its data center business, which more than doubled year-over-year, indicating a significant shift in the company's revenue streams and its increasing dominance in the AI hardware market.