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Revenue jumped 106% year over year, and the chipmaker is guiding for roughly $108 billion next quarter

Tue 10 Nov 2026 · 10:31 EST · 3 min read

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Nvidia just reported $96.2 billion in quarterly revenue, a 106% increase from the same period a year ago. For context, that single quarter equals nearly half of what the company earned across its entire previous fiscal year.

The company isn’t easing off, either. Nvidia expects next quarter to land at approximately $108 billion, which suggests the appetite for AI computing still hasn’t been satisfied.

The numbers behind the quarter

The results cover the second quarter of Nvidia’s fiscal 2027, which closed on July 26, 2026. Revenue grew 18% from the prior quarter on top of the 106% annual gain.

The engine, once again, was the Data Center segment. It brought in $89.0 billion, up 117% from a year earlier.

Put plainly, the business that sells chips and systems for training and running AI models now makes up the overwhelming majority of the company. More than nine of every ten revenue dollars came from that one division this quarter.

Profitability held up as well. Non-GAAP diluted earnings per share came in at $2.22, up 120% year over year, while gross margin stayed at 75%.

Guidance and the “inflection point” pitch

For the third quarter of fiscal 2027, Nvidia guided revenue to approximately $108 billion, plus or minus 2%. Gross margin is expected to come in around 74%, give or take 50 basis points.

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CEO Jensen Huang framed the moment in sweeping terms. He described the AI sector as having reached an inflection point, with AI capabilities becoming more productive and more valuable.

Huang also offered a longer-range view. He projected revenue growth of roughly 70% for fiscal 2028, a figure he characterized as supply-constrained.

That outlook sits well above where Wall Street had been. Analysts had previously expected growth of about 44% for that year.

How we got here

The latest quarter builds on an already enormous fiscal 2026. Nvidia posted total revenue of $215.9 billion for that year, up 65% from the year before.

Data Center accounted for around 90% of fiscal 2026 revenue.

What this means

The most important signal here may be the gap between Huang’s 70% outlook and the 44% analysts had penciled in. When a company’s own forecast runs that far ahead of the Street, estimates typically get revisited.

The supply-constrained label cuts both ways. On one hand, it implies demand is outrunning what Nvidia can deliver, which supports pricing power and those 75% margins. On the other, it means results depend heavily on manufacturing capacity and the supply chain behind it.

The margin guidance is a smaller detail with real weight. A move from 75% to around 74% is modest, but it is worth tracking over the next few quarters.

The next checkpoint is the third quarter. Hitting the $108 billion target, within the 2% range Nvidia gave, would reinforce the case that the inflection point Huang described is showing up in actual sales.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

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