The business grew by 117% year-over-year and now represents approximately 92% of the company's total revenues.
Nvidia reported record revenues and projects US$ 108 billion for the next fiscal quarter
The business grew by 117% year-over-year and now represents approximately 92% of the company's total revenues.
Nvidia closed its second fiscal quarter of 2027 with record revenues of US$ 96.221 million, a 106% year-over-year increase.
The company also projected sales of US$ 108.000 million for the next quarter. Its CEO, Jensen Huang, stated that artificial intelligence has reached a turning point.
The revenues of Nvidia surpassed the US$ 92.170 million that analysts from LSEG expected. The adjusted profit reached US$ 2.22 per share, compared to the expected US$ 2.10.
A year ago, the company had generated US$ 46.743 million. In twelve months, its revenues more than doubled.
The main driver of Nvidia continues to be its Data Center division, which generated US$ 89.000 million during the quarter.
While presenting the results, Jensen Huang stated: “AI has reached its turning point. It is doing useful work. Its tokens are productive and profitable. Now, computing power generates revenue”.
The company reported a GAAP net income of US$ 59.688 million, a 126% increase from a year ago. In adjusted terms, the profit was US$ 53.954 million.
For the third fiscal quarter of 2027, Nvidia projects revenues of US$ 108.000 million, with a margin of variation of 2%.
The company clarified that this projection does not include revenues from Data Center compute in China. Additionally, it reported that its new platform Vera Rubin is increasing its production.