Nvidia wows Wall Street with a strong quarter and an eye-popping sales forecast

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Nvidia delivered better-than-expected results for its fiscal second quarter 2027, with revenue of $96.22 billion, up 106% year over year, and adjusted earnings per share of $2.46, up 128%. The company forecasts fiscal 2028 revenue to increase by 70% compared to the current fiscal year, well above the 45% analysts were expecting, marking the first time Nvidia has ever provided annual guidance this far in advance. Nvidia announced an expansion of its partnership with Amazon Web Services, which will deploy 2 million additional GPUs in fiscal years 2027 and 2028. The Data Center segment generated $89.02 billion in revenue, up 117% year over year. For fiscal third quarter 2027, management expects revenue of $108 billion, above the $104.2 billion LSEG consensus estimate.

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