Nvidia Guides Q3 Revenue to $108B After Beating Q2 Estimates
What happened: Nvidia reported Q2 FY2027 revenue of $96.
What happened: Nvidia reported Q2 FY2027 revenue of $96.2 billion, surpassing consensus estimates of $92.27 billion. Data center revenue reached $89 billion, and earnings per share came in at $2.22, both ahead of expectations. The company guided Q3 revenue to $108 billion (±2%), notably above Wall Street's $104 billion consensus, although it excludes China data center sales. Shares rose about 4% in after-hours trading.
Why it matters: Nvidia's results reinforce its dominance in AI hardware, with CEO Jensen Huang forecasting 70% revenue growth for FY2028—far outpacing analyst projections. However, the company faces ongoing margin compression (gross margin guided at 74%, down from 75%) and persistent uncertainty over China sales. The strong guidance, despite these headwinds, highlights sustained demand for AI infrastructure and its ripple effects across the tech and crypto sectors.