Nvidia's second-quarter revenue and net profit beat expectations
In the second quarter of fiscal year 2027, Nvidia increased its revenue by 106 percent year-over-year to $96.2 billion and raised its net profit by 126 percent to $59.7 billion.
Chipmaker Nvidia has released its financial results for the three-month period ending July 26 of fiscal year 2027. The company's revenues and net profit came in above market expectations.
Financial Results and Revenue Growth
In the second quarter of fiscal year 2027, Nvidia increased its revenue by 106 percent year-over-year to $96.2 billion. During this period, revenues showed an 18 percent increase compared to the previous quarter.
Data Center Revenues and Outlook
The company's data center revenue recorded a 117 percent year-over-year increase, reaching $89 billion. Nvidia announced its revenue expectation for the current quarter as $108 billion.
Net Profit and Earnings Per Share
Nvidia's net profit in the given quarter rose by 126 percent year-over-year to $59.7 billion. The company's earnings per share also increased from $1.08 to $2.46 during the same period.
Payments Made to Shareholders
The chipmaker made approximately $26 billion in payments to its shareholders in the second quarter through share buybacks and cash dividends. The company will make its next cash dividend payment of $0.25 per share on October 1.
Statements by Jensen Huang
Nvidia CEO Jensen Huang stated that tokens generated by artificial intelligence have taken on a profitable structure. Huang emphasized that computing power today translates into revenue, and that demand and infrastructure deployment are continuing rapidly.