NVDA Q2 2027 Earnings

Call Details

• Call Title: Nvidia Q2 2027 Earnings Call
• Date: August 26, 2026 at 9:00 PM UTC
• Management Team:
  • Jensen Huang (President and Chief Executive Officer)
  • Colette Kress (Executive Vice President and Chief Financial Officer)
  • Toshiya Hari (Head of Investor Relations)

Call Summary

Financial Performance

• Total revenue was $96 billion, more than doubled year over year.
• Q2 data center revenue increased 18% quarter over quarter to $89 billion.
• Hyperscale revenue was $49 billion, up 13% sequentially.
• ACI and E revenue was $40 billion, increasing 25% sequentially and 138% year over year.
• GAAP and non-GAAP gross margins were both 75%, largely unchanged from the prior quarter.
• Inventory increased to $32 billion and days sales outstanding increased to 60 days.

Guidance

• Total revenue for Q3 is expected to be $108 billion, plus or minus 2%.
• Vera Rubin is expected to account for about 20% of data center revenue in Q3.
• Preliminary expectation is for fiscal year 28 revenue to grow approximately 70% year over year.
• For Q3, GAAP and non-GAAP gross margins are expected to be 74%, plus or minus 50 basis points.
• Margins are expected to bottom in Q4 in the 71% to 72% range before settling at 72% to 73% in fiscal year 28.
• GAAP and non-GAAP operating expenses for Q3 are expected to be approximately $9.2 billion and $9.0 billion, respectively.