NVDA Q2 2027 earnings results, reported after market close on August 26, 2026, showed Nvidia beat LSEG consensus estimates on both revenue and non-GAAP earnings per share. The company reported revenue of $96.22 billion and non-GAAP EPS of $2.22, and guided third-quarter revenue to $108 billion ±2%. Key financial figures are summarized in the table below.

Key Numbers — NVDA Q2 FY2027

Consensus source: LSEG, as cited by CNBC (August 26, 2026). StreetAccount consensus for Data Center cited by CNBC. GAAP EPS sourced from AlphaStreet earnings coverage note (August 26, 2026). All actuals sourced from Nvidia Q2 FY2027 press release, SEC filing, and CFO commentary.

1. Did Nvidia Beat or Miss in Q2 2027?

1.1 Revenue Result

Nvidia reported Q2 FY2027 revenue of $96.22 billion, against a third-party LSEG consensus estimate of $92.17 billion (as cited by CNBC, August 26, 2026). That is a beat of $4.05 billion, or approximately +4.4% above the LSEG estimate. Revenue grew 106% from $46.7 billion in the year-ago quarter (Q2 FY2026), according to the Nvidia Q2 FY2027 press release filed with the SEC.

1.2 EPS Result

Nvidia reported non-GAAP diluted EPS of $2.22, against a third-party LSEG consensus estimate of $2.10 (as cited by CNBC, August 26, 2026), a beat of $0.12, or approximately +5.7% above the estimate. On a GAAP basis, diluted EPS was $2.46, up 128% from $1.08 in the prior-year quarter, per AlphaStreet's Q2 FY2027 earnings coverage note (August 26, 2026). GAAP net income was $59.7 billion, compared with $26.42 billion in Q2 FY2026, according to AlphaStreet. GAAP net income included a $7.8 billion gain on equity investments, as reported by CNBC (August 26, 2026).

2. How Did NVDA Stock React?

At the August 26, 2026 regular session close, NVDA shares traded at $209.66, down $3.39 (-1.59%), per MarketBeat (Nasdaq official close, 4:00 PM ET). Following the post-close earnings release and conference call, NVDA shares rose more than 5% in after-hours trading, according to Fortune (August 26, 2026). Nvidia's report was released after market close on August 26, 2026, with the earnings conference call at 5:00 PM ET on the same date.

3. What Guidance Did Nvidia Give?

3.1 Third-Quarter FY2027 Guidance

Nvidia provided the following Q3 FY2027 outlook in its CFO commentary and earnings call (August 26, 2026):

Company guidance sourced from Nvidia Q3 FY2027 outlook as disclosed in CFO commentary (SEC filing, August 26, 2026) and CNBC (August 26, 2026). LSEG consensus estimate sourced from CNBC (August 26, 2026). Nvidia's Q3 guidance assumes no data center compute revenue from China.

CFO Colette Kress stated in the CFO commentary that Nvidia expects sequential Q3 growth to be "driven primarily by ACIE" customers, while "growth in hyperscale is expected to re-accelerate in Q4 and into fiscal year 2028 as supply of Vera Rubin grows over time," per the Nvidia earnings call transcript (August 26, 2026).

3.2 Full-Year FY2028 Revenue Growth Outlook

CFO Colette Kress said on the August 26, 2026 earnings call that Nvidia's "preliminary expectation is for fiscal year 2028 revenue to grow approximately 70% year-over-year," and that this is "a supply-constrained outlook." LSEG analyst consensus had been expecting approximately 44% revenue growth for FY2028, per CNBC (August 26, 2026). The company stated it had not provided a specific FY2028 revenue dollar figure.

3.3 Gross Margin Trajectory Disclosed

CFO Kress stated on the call: "We expect margins to bottom in Q4 in the 71%–72% range before settling at 72%–73% in fiscal year 2028 as executed price increases take effect in Q1." She added: "Memory scarcity today is being driven in large part by the AI buildout itself." Source: Nvidia Q2 FY2027 earnings call transcript (August 26, 2026).

Nvidia's forward-looking statements are subject to risks and uncertainties. The company's filings include a cautionary note regarding forward-looking statements, which can be found in the Q2 FY2027 press release and 10-Q filed with the SEC on August 26, 2026.

4. What Did Nvidia Report by Segment?

4.1 Data Center

Nvidia reported data center revenue of $89.0 billion in Q2 FY2027, up 117% year-over-year and 18% sequentially from $75.2 billion in Q1 FY2027, per the Nvidia press release (SEC filing, August 26, 2026). Data center revenue accounted for approximately 92% of total company revenue in the quarter, per CNBC (August 26, 2026).

Within the data center segment, Nvidia reported revenue in two sub-segments:

Source: Nvidia Q2 FY2027 press release and CFO commentary (SEC filing, August 26, 2026), as reported by AlphaStreet (August 26, 2026).

Nvidia stated that shipments of Hopper 200 products to customers in China under U.S. government licenses made up less than 1% of data center revenue, per CFO Kress's statement on the earnings call (August 26, 2026).

4.2 Other Reported Segments

The financial reports available for Q2 FY2026 show that Nvidia has reported Gaming, Professional Visualization, Automotive, and OEM segments historically. Segment-level breakdowns beyond the data center for Q2 FY2027 were not itemized in the available Q2 FY2027 source materials. Total company revenue was $96.22 billion, per the Nvidia press release (SEC filing, August 26, 2026).

4.3 Supply Commitments and Capital Returns

Nvidia disclosed that its supply commitments more than doubled from $119 billion in the prior quarter to $279 billion in Q2 FY2027, "primarily related to the procurement of memory," per CFO commentary (SEC filing, August 26, 2026). The company returned $26 billion to shareholders through share repurchases and dividends during the quarter — $20 billion in share repurchases and $6 billion via a $0.25 per share quarterly dividend — per the Nvidia earnings call transcript (August 26, 2026). Approximately $99 billion remained under Nvidia's share repurchase authorization as of the end of Q2 FY2027, per AlphaStreet (August 26, 2026).

4.4 Management Quotes

CFO Colette Kress stated on the August 26, 2026 earnings call:

"While we are not immune to supply challenges, we remain confident in our ability to support the growth opportunity ahead."

Jensen Huang, founder and CEO, said in the Q2 FY2027 press release (SEC filing, August 26, 2026):

"AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue. And demand is accelerating."

5. What Risk Factors Did Nvidia Disclose?

Nvidia's Q2 FY2027 10-Q filing (SEC, nvda-20260726, filed August 26, 2026) and CFO commentary disclose the following risk factors:

1. Indebtedness and debt-service obligations. Nvidia's quarterly 10-Q (Item 1A, risk factors section, SEC filing August 26, 2026) identified indebtedness as a standalone risk factor. As of July 26, 2026, Nvidia had $33.5 billion in senior notes outstanding and a $25 billion commercial paper program. The filing states: "Maintenance of our indebtedness, contractual restrictions, and additional issuances of indebtedness could cause us to dedicate a substantial portion of our cash flows from operations towards debt service obligations and principal repayments." The filing also discloses that $15 billion of debt is due within one to five years, up from $2.75 billion reported in the prior quarterly filing.

2. Supply commitments and working-capital requirements. Nvidia disclosed $279 billion in supply and capacity commitments as of Q2 FY2027, more than double the $119 billion reported the prior quarter, "primarily related to the procurement of memory" (CFO commentary, SEC filing, August 26, 2026). The company described these commitments as essential to supporting the Vera Rubin product ramp and revenue growth.

3. China-related export restrictions. CFO Kress stated on the August 26, 2026 earnings call that Nvidia's Q3 FY2027 outlook "assumes no Data Center compute revenue from China," and that "given ongoing geopolitical uncertainty, there is no China data center compute revenue in our forward outlook." The company noted that Hopper 200 shipments to China during Q2 FY2027 were made under U.S. government licenses and represented less than 1% of data center revenue.

6. When Is Nvidia's Next Earnings Date?

The following calendar dates have been published by Nvidia or the exchange as of August 26, 2026:

Note: Ex-dividend and dividend payment dates for the Q2 FY2027 dividend were not specified in the available source materials. No shareholder meeting date was announced in the available materials.

7. FAQ

Q1: What was Nvidia's revenue for Q2 2027?
Nvidia reported Q2 FY2027 revenue of $96.22 billion, up 106% year-over-year from $46.7 billion, exceeding the LSEG third-party consensus estimate of $92.17 billion by approximately $4.05 billion (CNBC, August 26, 2026; Nvidia press release, SEC filing).

Q2: What was NVDA's non-GAAP EPS in Q2 2027?
Nvidia reported non-GAAP diluted EPS of $2.22, beating the LSEG third-party consensus estimate of $2.10 by $0.12; GAAP diluted EPS was $2.46, up 128% from the prior-year quarter (AlphaStreet, August 26, 2026; Nvidia press release, SEC filing).

Q3: What guidance did Nvidia give for Q3 2027?
Nvidia guided Q3 FY2027 revenue to $108.0 billion ±2%, and guided non-GAAP gross margin to 74.0% ±50 basis points; the LSEG third-party consensus estimate for Q3 revenue was $104.2 billion (Nvidia CFO commentary, SEC filing, August 26, 2026; CNBC, August 26, 2026).

Q4: What was Nvidia's data center revenue in Q2 2027?
Nvidia reported data center revenue of $89.0 billion in Q2 FY2027, up 117% year-over-year, comprising $48.7 billion from hyperscale customers and $40.3 billion from AI Clouds, Industrial & Enterprise (ACIE) customers (Nvidia press release, SEC filing, August 26, 2026).

Q5: What risk factors did Nvidia disclose in its Q2 2027 filing?
Nvidia's Q2 FY2027 10-Q (SEC filing, August 26, 2026, Item 1A) identified indebtedness ($33.5 billion in senior notes outstanding), $279 billion in supply commitments, and China-related export restrictions as disclosed risk factors; the company stated its Q3 forward outlook assumes no data center compute revenue from China.

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