NVIDIA posts $96.2 billion Q2 FY27 revenue as AI boom drives market concentration

  • NVIDIA reported $96.22 billion in fiscal-second-quarter revenue, exceeding analyst expectations.
  • NVIDIA projects approximately 70% fiscal 2028 revenue growth, versus Wall Street's 45% forecast.
  • NVIDIA authorized an $80 billion share repurchase program and scheduled a $0.25 quarterly dividend.

NVIDIA reported fiscal second-quarter revenue of $96.22 billion, up 105.9% from a year earlier and above analyst estimates ranging from $92.27 billion to $92.3 billion. Adjusted earnings per share reached $2.22, exceeding the $2.09 consensus. Data Center revenue was $89 billion against an $85.8 billion forecast, while Edge Computing generated $7.2 billion versus expectations of $6.6 billion. The company projects approximately 70% revenue growth for fiscal 2028, compared with Wall Street's 45% forecast, although Chief Executive Jensen Huang said memory-chip shortages prevented growth from exceeding 100%. NVIDIA also received board authorization for an $80 billion share repurchase program and scheduled a quarterly dividend of $0.25 per share for October 1, with September 10 as the record date. With a market capitalization of about $5.4 trillion, the company represents roughly 8% of the S&P 500 and is worth more than five of the index's 11 sectors. Institutional investors hold 65.27% of outstanding shares, while insiders sold about 1.4 million shares worth $299.3 million over the preceding 90 days. Analysts maintain a Moderate Buy consensus with a mean price target of $324.23. NVIDIA has also disclosed a $3.5 billion investment in MediaTek, while Anthropic reportedly signed a $35 billion cloud-services contract using NVIDIA-powered infrastructure.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.