Nvidia Q2 FY27 Earnings: $91B Guidance Meets Aug 26

Wednesday is the one that matters. Nvidia reports second quarter fiscal 2027 results on August 26, 2026, and the number the whole market is measuring against is Nvidia's own: $91.0 billion, plus or minus 2%, the guidance the company issued back on May 20.

• Nvidia's conference call is scheduled for August 26 at 2 p.m. Pacific, 5 p.m. Eastern
• The quarter being reported ended July 26, 2026
• Company guidance is $91.0 billion in revenue, plus or minus 2%
• That would be roughly double the $46.7 billion Nvidia reported in the same quarter a year earlier

What Nvidia Already Told Us

Start with the facts on the record rather than the forecasts. In its first quarter of fiscal 2027, reported on May 20, 2026, Nvidia posted $81.6 billion in revenue, up 85% year over year. Data center revenue was $75.2 billion of that, up 92%. GAAP diluted earnings per share came in at $2.39, with non-GAAP at $1.87. Alongside those results the company guided to $91.0 billion for the quarter now being reported.

Do the arithmetic on the year-over-year comparison and it is genuinely striking. Nvidia's revenue in the year-ago quarter was $46.7 billion. Hitting guidance would mean roughly 95% growth, at a scale where percentage growth like that normally stops being possible. We broke down the prior quarter in detail in our coverage of Nvidia's Q1 FY27 results and its data center surge.

Logistics worth noting if you plan to follow along: Nvidia posts written commentary from Chief Financial Officer Colette Kress to its investor relations site shortly after the results release, at roughly 1:20 p.m. Pacific, ahead of the call itself. That document usually contains the segment detail before anyone asks a question about it.

What Are Analysts Expecting?

Published previews put Wall Street consensus a shade above company guidance, in the neighbourhood of $91.7 billion in revenue and around $2.08 in non-GAAP earnings per share. Both figures would be roughly double the year-ago comparables of $46.7 billion and $1.05.

Treat those as surveys of opinion, not as facts. Consensus figures move in the final days before a print and vary by which analysts a given compiler includes. The company's own guidance is the harder anchor.

The Two Lines That Will Move the Stock

Data center revenue and gross margin. Everything else is context.

Data center revenue answers whether hyperscaler infrastructure spending is still accelerating or merely large. Gross margin answers whether Nvidia is holding pricing while it ramps newer platforms, since margin compression during a product transition is normal and easy to misread. Between them they tell you more about the next twelve months than the headline revenue figure does.

The comparison set has been encouraging. AMD reported data center revenue doubling to $6.7 billion in its own second quarter, which suggests the demand is broad rather than concentrated in one supplier. Custom silicon is expanding too, as the Marvell and Google TPU arrangement showed earlier this month.

How to Watch It Without Getting Whipsawed

Semiconductor names were soft in the week heading into the print, which is ordinary positioning ahead of a catalyst rather than a verdict on the results. Whatever the numbers say, the first hour of reaction tends to be noisier than the information justifies.

The unglamorous approach is to read the CFO commentary before the call, compare data center revenue and gross margin against the prior quarter, and let the guidance for next quarter do the real talking. None of this is investment advice, just a map of where the substance sits. More market coverage in our stock trading section.

Sources: NVIDIA Newsroom conference call notice — August 2026; NVIDIA Q1 FY2027 results — May 20, 2026; CNBC week-ahead outlook — August 21, 2026.