Nvidia reports Q2 earnings as rising memory costs and AI demand collide

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Nvidia will publish its Q2 FY2027 results on August 26, with analysts expecting approximately $92 billion in revenue and adjusted EPS of $2.09, representing approximately 97% year-over-year growth. The company is facing significant memory cost pressures: server DRAM contract prices surged 53-58% quarter-over-quarter in Q2 2026, leading Nvidia to warn customers of a more than 15% increase in AI server prices for early 2027. With a backlog of $119 billion and a target of $1 trillion in cumulative revenue by end of 2027, Nvidia reported record revenue of $81.6 billion in Q1, with $75.2 billion from its Data Center segment alone, accounting for over 90% of its total business.

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