Nvidia reported revenue of $96.2 billion in Q2 fiscal 2027, up 106% year-over-year, with net income of $59.69 billion, a 126% increase. The data center segment generated $89 billion in revenue, up 117% year-over-year, while Q3 guidance points to approximately $108 billion in revenue, with fiscal 2028 growth projected at around 70%, far exceeding the 45% Wall Street consensus. Gross margin declined from 75% to a projected 71-72% in coming quarters due to rising memory costs. Nvidia has committed up to $105 billion in guarantees tied to an OpenAI data center lease in Ohio and is participating in a $500 billion AI infrastructure financing consortium alongside BlackRock and Goldman Sachs, while posting sharply lower sequential cash flow of $21.3 billion.
Source: Read the original article
