Nvidia announced its Q2 earnings on Wednesday, surpassing Wall Street expectations for both revenue and profit and offering an above-expectations outlook for the third quarter.
In Q2, Nvidia reported adjusted EPS of $2.22 on revenue of $96.2 billion, surpassing Wall Street’s expectations of $2.09 in EPS and $92.3 billion in revenue.
During the second quarter of fiscal 2027, NVIDIA returned approximately $26.0 billion to shareholders in the form of shares repurchased and cash dividends. As of the end of the second quarter, the company had approximately $99.0 billion remaining under its share repurchase authorization.
Nvidia CEO Jensen Huang said in a statement: “AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue and demand is accelerating. This time last year, one lab alone was driving the build-out; today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem, and physical AI coming online — with strong momentum across the U.S. and around the world. The AI infrastructure build-out is at full steam. Vera Rubin, now in full production, was built to power exactly this moment.”
Moving forward, the company forecasts Q3 revenue of $105.8-$110.1 billion, above Wall Street’s expected $1.51 billion.
Nvidia stock rose more than 7% during premarket trading on Thursday following the announcement.
By CEO NA Editorial Staff
