Nvidia's Latest Earnings: $96.2 Billion in Revenue, and What It Means
Nvidia reported revenue of $96.2 billion for its second quarter of fiscal 2027 on August 26, 2026. That is up 106% from the same period a year earlier and above the $91.0 billion the company told investors to expect back in May. The quarter ended July 26, 2026, and Nvidia held its earnings call at 2 p.m. PT (5 p.m. ET) on August 26 Nvidia News.
The company beat its own guidance by roughly $5.2 billion, or about 5.7% above what it projected when it reported first-quarter results on May 20 Nvidia News. Wall Street analysts had expected earnings of $2.09 per share, per CNBC's August 25 reporting CNBC. Earnings per share is simply the company's profit divided among all its shares of stock. The Data Center segment, which sells the chips that power artificial intelligence systems, brought in $89.0 billion, up 117% year over year. That segment alone accounts for about 92.5% of Nvidia's total revenue.
Chip-related stocks around the world were on edge heading into the announcement. In Japan, the Nikkei index fell 0.4% on August 24, pulled down by chip-related stocks WSJ. An earlier QNA report put the decline at 0.7% to a close of 65,528.09, with Fujikura down 5%, Advantest off 3.9%, and SoftBank Group losing about 5% QNA. European chip stocks traded mixed the same day WSJ.
U.S. chip stocks rallied ahead of the report. On August 24, Nvidia shares rose 2%, and the broader semiconductor sector gained ahead of the after-the-bell announcement on Wednesday, August 26 CNBC. The S&P 500 closed higher that day, and the Dow extended a three-day win streak. Nvidia shares were up more than 13% year to date as of August 24 CNBC.
The rally and volatility around Nvidia's earnings echo patterns seen earlier in its cycle. In May 2026, when Nvidia reported first-quarter results, shares closed up 1.3% but saw volatile after-hours trading after the company forecast Q2 revenue above Wall Street expectations Reuters. Following that report, Japan's Nikkei surged as much as 2.2% to hit a record intraday high before closing at 64,999.41 on May 27 Reuters. The S&P 500 and Nasdaq also notched record closes in late August 2025 after Nvidia's prior-year results fueled an AI rally Reuters.
August 2026 has been a volatile month for chip stocks. On August 7, the Nasdaq gained 5.2% on a chip-stock bounce-back, with Nvidia rising 10% CNBC. Three days earlier, on August 4, the Nasdaq Composite closed at 26,584.99 after a 2.59% gain as chip stocks continued their comeback from a July sell-off CNBC. Major indexes hit record highs that same session on upbeat forecasts from Caterpillar and others Reuters. Asian semiconductor stocks extended their rebound on August 13 amid easing concerns over U.S. interest rate hikes CNBC. AMD shares slipped on August 5 despite beating analyst estimates, falling short of investor expectations Reuters.
The broader context here is that Nvidia's latest results arrive after a quarter in which the stock has already risen more than 13% year to date. The $5.2 billion revenue beat is large in dollar terms but a 5.7% upside on $91 billion of guidance is a smaller percentage surprise than the blowout results Nvidia delivered through 2024 and 2025. The 106% year-over-year revenue growth, while extraordinary in absolute terms, reflects continued deceleration from the even faster triple-digit growth rates of earlier quarters in the AI buildout cycle.
What matters most for investors now is what Nvidia says about the current quarter and any commentary on supply constraints, particularly around its next-generation Blackwell chips and Data Center demand. With Data Center now over 92% of total revenue, its 117% growth rate and future trajectory will be the primary factor shaping earnings expectations. The pre-earnings chip-stock rally across U.S., Asian, and European markets signals that a meaningful portion of the beat was already priced in, which raises the bar for how the stock reacts after the announcement. The August 24 Nikkei decline, where AI-exposed names like Advantest, Fujikura, and SoftBank Group led losses, is consistent with investors reducing risk ahead of a make-or-break event rather than a fundamental deterioration in the semiconductor cycle.
