NVIDIA's Q2 FY2027 results
For the quarter ended July 26, 2026, revenue was $96.221 billion, up 18% from Q1 and 106% year over year. GAAP and non-GAAP gross margins were both 75.0%; GAAP and non-GAAP diluted earnings per share were $2.46 and $2.22, respectively.
Data Center revenue reached $89.0 billion, up 18% sequentially and 117% from a year earlier. Edge Computing revenue was $7.2 billion, up 13% from Q1 and 27% year over year.
NVDA / FY2027
The quarter in two charts
Revenue rose 106% from a year earlier, and NVIDIA's entire Q3 outlook range sits above the latest reported quarter.
Quarterly revenue
USD billions · NVIDIA fiscal quarters
- Q2 FY2026 · Jul 2025
- $46.743B
- Q1 FY2027 · Apr 2026
- $81.615B
- Q2 FY2027 · Jul 2026
- $96.221B
Q2 FY2026 · Jul 2025
Q1 FY2027 · Apr 2026
Q2 FY2027 · Jul 2026
Q3 FY2027 revenue outlook
This is NVIDIA's outlook for the next fiscal quarter in calendar 2026, not analyst consensus.
Q2 actual · July 2026
$96.221B
Q3 outlook range
$105.84B–$110.16B
Midpoint: $108.0B
Amounts are in U.S. dollars. Exact figures are preserved even where surrounding prose uses rounded values.
What stands out in the report
The $96.221 billion result was $5.221 billion above NVIDIA's prior $91.0 billion guidance midpoint. Data Center remained the main growth engine, accounting for most of the quarter's revenue increase.
Beginning with Q1 FY2027, NVIDIA includes stock-based compensation in its non-GAAP measures and has updated the historical non-GAAP figures shown in the release. That change matters when comparing these numbers with older reports.
NVIDIA's Q3 FY2027 company outlook
01
$108.0 billion revenue
NVIDIA expects Q3 revenue of $108.0 billion, plus or minus 2%, implying a range of $105.84 billion to $110.16 billion.
02
74.0% gross margin
GAAP and non-GAAP gross margins are both expected to be 74.0%, plus or minus 50 basis points.
03
Costs and China assumption
Expected operating expenses are about $9.2 billion GAAP and $9.0 billion non-GAAP. The outlook assumes no Data Center compute revenue from China.
NVIDIA earnings FAQ
What did NVIDIA report for Q2 FY2027?
Revenue was $96.221 billion, GAAP diluted EPS was $2.46, non-GAAP diluted EPS was $2.22, and Data Center revenue was $89.0 billion.
What is NVIDIA's outlook for Q3 FY2027?
The company expects revenue of $108.0 billion, plus or minus 2%, and GAAP and non-GAAP gross margins of 74.0%, plus or minus 50 basis points.
Why is it called FY2027 when the report was released in 2026?
FY2027 is NVIDIA's fiscal-year label, not the calendar year of publication. Q2 FY2027 ended on July 26, 2026.
When is NVIDIA's next earnings report?
NVIDIA has not yet announced the Q3 FY2027 results date. This page will use the official company notice once it is available rather than a third-party estimated date.