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NVIDIA (NVDA) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Aug 26, 2026
NVIDIA (NVDA) reported revenue of $96.2B for the second quarter fiscal 2027 (Q2 FY27), +106% from a year earlier and +18% from the quarter before. Operating margin was 66.2%, net earnings $59.7B (62.0% of revenue).
NVIDIA, Q2 FY27: revenue $96.2B (+106% year over year), operating margin 66.2%, net earnings $59.7B, operating cash flow $24.1B. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $96.2B | +18% | +106% |
| Gross profit | $72.1B | +18% | +113% |
| Operating profit | $63.7B | +19% | +124% |
| Net earnings | $59.7B | +2% | +126% |
| Operating cash flow | $24.1B | -52% | +57% |
| Free cash flow | $21.4B | -56% | +59% |
What changed
Revenue was $96.2B in Q2 FY27, up 106% year over year and up 18% from the previous quarter. Hyperscale was the largest line at 51% of revenue. Hyperscale added $24.5B year over year (up 102%), 50% of the total change.
Gross margin was 75.0%, up 2.6 points from Q2 FY26. Operating profit was $63.7B, a 66.2% margin (up 5.4 points year over year). Of the extra revenue versus Q2 FY26, 71% reached operating profit, above the 61% margin then. Operating expenses grew 55% against revenue growth of 106%. The fastest-growing cost line was Research & development (+64%). Net earnings were $59.7B, up 126% year over year. The effective tax rate was 16.5%.
Operating cash flow was $24.1B (up 57% year over year), 40% of net earnings. Non-cash charges added back $1.1B of depreciation and amortization and $2.0B of share-based compensation. Working capital and other items used $38.8B. Capital expenditures of $2.7B left free cash flow of $21.4B.
Questions
What was NVIDIA's revenue in the second quarter fiscal 2027?
NVIDIA (NVDA) reported revenue of $96.2B for the second quarter fiscal 2027 (Q2 FY27), +106% from a year earlier and +18% from the quarter before.
Was NVIDIA profitable in the second quarter fiscal 2027?
Operating profit was $63.7B (66.2% of revenue) and net earnings $59.7B.
Source: NVIDIA 10-Q on SEC EDGAR.