NVIDIA (NVDA) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 26, 2026 and NVIDIA published the results on August 26, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. NVIDIA reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• NVIDIA changed how it presents revenue by market platform in the first quarter of fiscal 2027 and recast prior periods. It now reports two platforms, Data Center and Edge Computing.
• Since Q1 fiscal 2027, NVIDIA's non-GAAP measures no longer exclude stock-based compensation. The year-ago non-GAAP EPS of $1.01 is NVIDIA's restated figure on that basis.

Source: NVIDIA Q2 fiscal 2027 results, August 26, 2026. Also in the Form 10-Q for the quarter ended July 26, 2026. Figures as reported; checked against the release on November 8, 2026.

How NVIDIA splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• NVIDIA's Data Center revenue was $89.0 billion in Q2 fiscal 2027, up 117% from $41.1 billion in Q2 fiscal 2026, 93% of total revenue.
• NVIDIA's Edge Computing revenue was $7.2 billion in Q2 fiscal 2027, up 27% from $5.6 billion in Q2 fiscal 2026, 7% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q2 fiscal 2027 release, NVIDIA said:

“Revenue is expected to be $108.0 billion, plus or minus 2%. NVIDIA is not assuming any Data Center compute revenue from China in its outlook.”

“GAAP and non-GAAP gross margins are expected to be 74.0%, plus or minus 50 basis points.”

“GAAP and non-GAAP operating expenses are expected to be approximately $9.2 billion and $9.0 billion, respectively.”

“For the full year fiscal 2027, NVIDIA expects GAAP and non-GAAP tax rates to be between 16.0% and 18.0%, excluding any discrete items and material changes to NVIDIA’s tax environment.”

Source: NVIDIA Q2 FY27 release, Aug 26, 2026.

This is the company's own guidance as of Aug 26, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the NVDA forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP figures, each as first reported in that quarter's release. Beginning in Q1 fiscal 2027, NVIDIA non-GAAP measures no longer exclude stock-based compensation, and earlier non-GAAP figures were restated (Q2 fiscal 2026 non-GAAP EPS was $1.05 as first reported and $1.01 restated), so non-GAAP EPS is left out of this table.

NVIDIA's next report is scheduled for November 17, 2026. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Aug 26, 2026

Data Center is almost all of NVIDIA's revenue: $89,023 million of $96,221 million in Q2 fiscal 2027. NVIDIA splits it into Hyperscale ($48,710 million) and AI Clouds, Industrial, & Enterprise ($40,313 million). Edge Computing, $7,198 million, is the rest, and NVIDIA put its year-over-year rise down to sales of Blackwell workstations, partly offset by slower consumer PC sales. (NVIDIA CFO commentary, Q2 FY27, Aug 26, 2026)

NVIDIA describes the Data Center platform as compute and networking infrastructure, usually delivered to customers as rack-scale systems, subsystems or modules, along with software and services. The networking side includes NVLink interconnects and switches and InfiniBand and Ethernet platforms: network adapters, cables, DPUs, switch chips and systems. (NVIDIA Form 10-K, fiscal 2026, Feb 25, 2026)

NVIDIA's sales are concentrated. In Q2 fiscal 2027 one direct customer accounted for 16% of total revenue, and over the first half of fiscal 2027 three direct customers accounted for 16%, 15% and 13%. NVIDIA also estimates that one AI research and deployment company contributed a meaningful amount of revenue by buying cloud services from NVIDIA's customers. (NVIDIA Form 10-Q, Q2 FY27, Aug 26, 2026)

Shipments of Data Center Hopper products to China were less than 1% of Data Center revenue in the quarter, and the outlook for Q3 fiscal 2027 assumes no Data Center compute revenue from China. The 10-Q adds that export controls on data center GPUs may also reduce demand for NVIDIA's networking products used in servers containing those GPUs. (NVIDIA CFO commentary, Q2 FY27, Aug 26, 2026; NVIDIA Form 10-Q, Q2 FY27, Aug 26, 2026)

NVIDIA's purchase commitments rose from $119 billion at the end of Q1 fiscal 2027 to $279 billion at the end of Q2, which it said was primarily related to the procurement of memory. (NVIDIA CFO commentary, Q2 FY27, Aug 26, 2026)

NVIDIA's GAAP diluted EPS of $2.46 was higher than its non-GAAP EPS of $2.22 in Q2 fiscal 2027. GAAP results included $7.8 billion of net gains from equity securities, and NVIDIA's non-GAAP measures exclude gains and losses from equity securities, along with acquisition-related and other costs and certain other income and expense. (NVIDIA CFO commentary, Q2 FY27, Aug 26, 2026; NVIDIA Q2 FY27 release, Aug 26, 2026)

Beginning in Q1 fiscal 2027, NVIDIA's non-GAAP measures no longer exclude stock-based compensation, and earlier non-GAAP figures were restated on that basis. That is why the year-ago non-GAAP EPS on this page is $1.01 and not the $1.05 NVIDIA first reported for Q2 fiscal 2026. (NVIDIA Q2 FY27 release, Aug 26, 2026)

NVIDIA's share count fell slightly. Diluted weighted average shares were 24,285 million in the quarter, against 24,532 million a year earlier. NVIDIA repurchased 94 million shares for $19,674 million in Q2 fiscal 2027 and recorded $2,027 million of stock-based compensation. (NVIDIA Form 10-Q, Q2 FY27, Aug 26, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

NVIDIA gives a numeric outlook in every release: a revenue figure with a range of plus or minus 2%, gross margins plus or minus 50 basis points, operating expenses, and a full-year tax rate range. For Q3 fiscal 2027 it guided revenue of $108.0 billion, plus or minus 2%, GAAP and non-GAAP gross margins of 74.0%, plus or minus 50 basis points, and GAAP and non-GAAP operating expenses of about $9.2 billion and $9.0 billion. (NVIDIA Q2 FY27 release, Aug 26, 2026)

On November 2, 2026, the Yahoo Finance consensus for that quarter was revenue of $108,977 million (45 analysts) and EPS of $2.47 (44 analysts). (Yahoo Finance consensus, Nov 2, 2026)

A consensus figure is the average of the models published by the analysts who cover NVIDIA, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones NVIDIA's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning NVDA is on is NVDA a buy or a sell?, what analysts expect next is on the NVDA forecast, and what the company does is on the NVIDIA (NVDA) stock page.

Every number on this page can be traced to a document NVIDIA published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.