NVIDIA (NASDAQ: NVDA) today disclosed its earnings per diluted share were $2.46, while non-GAAP earnings per diluted share stood at $2.22.
“AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue,” said Jensen Huang, founder and CEO of NVIDIA. “And demand is accelerating. This time last year, one lab alone was driving the buildout; today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online — with strong momentum across the U.S. and around the world. The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment.”
During the second quarter of fiscal 2027, NVIDIA distributed approximately $26.0 billion to shareholders through cash dividends and share repurchases. At the close of the quarter, the company maintained roughly $99.0 billion in remaining share repurchase authorization.
NVIDIA is scheduled to distribute its next quarterly cash dividend of $0.25 per share on October 1, 2026, to shareholders of record as of September 10, 2026.
Q2 Fiscal 2027 Summary
($ in millions, except earnings per share)
Q2 FY27
Q1 FY27
Q2 FY26
Q/Q
Y/Y
Revenue
$96,221
$81,615
$46,743
18 %
106 %
Gross margin
75.0 %
74.9 %
72.4 %
0.1 pts
2.6 pts
Operating expenses
$8,408
$7,621
$5,413
10 %
55 %
Operating income
$63,734
$53,536
$28,440
19 %
124 %
Net income
$59,688
$58,321
$26,422
2 %
126 %
Diluted earnings per share
$2.46
$2.39
$1.08
3 %
128 %
Gross margin
75.0 %
75.0 %
72.5 %
—
2.5 pts
Operating expenses
$8,232
$7,449
$5,361
11 %
54 %
Operating income
$63,956
$53,783
$28,541
19 %
124 %
Net income
$53,954
$45,548
$24,763
18 %
118 %
Diluted earnings per share
$2.22
$1.87
$1.01
19 %
120 %
Outlook
NVIDIA’s financial guidance for the third quarter of fiscal 2027 is as follows:
Revenue is projected to reach $108.0 billion, with a margin of plus or minus 2%. This outlook excludes any anticipated Data Center compute revenue originating from China.
Both GAAP and non-GAAP gross margins are anticipated to be 74.0%, plus or minus 50 basis points.
GAAP and non-GAAP operating expenses are projected to be approximately $9.2 billion and $9.0 billion, respectively.
For the full fiscal year 2027, NVIDIA anticipates GAAP and non-GAAP tax rates to fall between 16.0% and 18.0%, assuming no material changes to the tax environment or discrete items.
Highlights
Data Center
Revenue for the second quarter reached $89.0 billion, representing an 18% increase from the prior quarter and a 117% jump year-over-year.
The company announced that the NVIDIA Vera Rubin platform is entering full production with racks in operation.
