OpenNashEarnings

Semiconductors · Nasdaq: NVDA

NVIDIA earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends January · next results expected around 18 Nov 2026

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q2 FY2027

NVIDIA reported second quarter fiscal 2027 revenue of $96.2 billion, up 106% from a year ago, with Data Center revenue of $89.0 billion, up 117% from a year ago, and GAAP and non-GAAP earnings per diluted share of $2.46 and $2.22, respectively.

NVIDIA's revenue more than doubled to $96.2 billion, up 18% from the previous quarter. Data Center, driven by the ramp of Blackwell Ultra, contributed $89.0 billion. Gross margin was 75.0% on both a GAAP and non-GAAP basis. GAAP diluted earnings per share were $2.46, helped by $7.8 billion of equity securities gains, while non-GAAP earnings per share were $2.22. The company returned approximately $26.0 billion to shareholders through buybacks and dividends.

Read the Q2 FY2027 summary →Q2 FY2027 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$96.2B+105.9% y/yQ2 FY27
Q3 FY25: $35.1BQ3 25$35.1BQ4 FY25: $39.3B (worked out from the annual figure)Q4 25$39.3BQ1 FY26: $44.1BQ1 26$44.1BQ2 FY26: $46.7BQ2 26$46.7BQ3 FY26: $57.0BQ3 26$57.0BQ4 FY26: $68.1B (worked out from the annual figure)Q4 26$68.1BQ1 FY27: $81.6BQ1 27$81.6BQ2 FY27: $96.2BQ2 27$96.2B

Fourth quarter worked out from the annual figure.

Data
Q3 FY25$35.1B
Q4 FY25$39.3B *
Q1 FY26$44.1B
Q2 FY26$46.7B
Q3 FY26$57.0B
Q4 FY26$68.1B *
Q1 FY27$81.6B
Q2 FY27$96.2B
Diluted EPS (GAAP)$2.46+127.8% y/yQ2 FY27
Q3 FY25: $0.78Q3 25$0.78Q1 FY26: $0.76Q1 26$0.76Q2 FY26: $1.08Q2 26$1.08Q3 FY26: $1.30Q3 26$1.30Q1 FY27: $2.39Q1 27$2.39Q2 FY27: $2.46Q2 27$2.46
Data
Q3 FY25$0.78
Q1 FY26$0.76
Q2 FY26$1.08
Q3 FY26$1.30
Q1 FY27$2.39
Q2 FY27$2.46

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin66.2%+5.4 pts y/yQ2 FY27
Q3 FY25: 62.3%Q3 2562.3%Q4 FY25: 61.1%Q4 2561.1%Q1 FY26: 49.1%Q1 2649.1%Q2 FY26: 60.8%Q2 2660.8%Q3 FY26: 63.2%Q3 2663.2%Q4 FY26: 65.0%Q4 2665.0%Q1 FY27: 65.6%Q1 2765.6%Q2 FY27: 66.2%Q2 2766.2%
Data
Q3 FY2562.3%
Q4 FY2561.1%
Q1 FY2649.1%
Q2 FY2660.8%
Q3 FY2663.2%
Q4 FY2665.0%
Q1 FY2765.6%
Q2 FY2766.2%
Free cash flow$21.4B+58.9% y/yQ2 FY27
Q3 FY25: $16.8BQ3 25$16.8BQ4 FY25: $15.6BQ4 25$15.6BQ1 FY26: $26.2BQ1 26$26.2BQ2 FY26: $13.5BQ2 26$13.5BQ3 FY26: $22.1BQ3 26$22.1BQ4 FY26: $34.9BQ4 26$34.9BQ1 FY27: $48.6BQ1 27$48.6BQ2 FY27: $21.4BQ2 27$21.4B
Data
Q3 FY25$16.8B
Q4 FY25$15.6B
Q1 FY26$26.2B
Q2 FY26$13.5B
Q3 FY26$22.1B
Q4 FY26$34.9B
Q1 FY27$48.6B
Q2 FY27$21.4B

Operating cash flow minus capital expenditure, from cash flow statements.

Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Revenue$35.1B$39.3Bd$44.1B$46.7B$57.0B$68.1Bd$81.6B$96.2B
Gross margin74.6%73.0%60.5%72.4%73.4%75.0%74.9%75.0%
Operating income$21.9B$24.0Bd$21.6B$28.4B$36.0B$44.3Bd$53.5B$63.7B
Operating margin62.3%61.1%49.1%60.8%63.2%65.0%65.6%66.2%
Net income$19.3B$22.1Bd$18.8B$26.4B$31.9B$43.0Bd$58.3B$59.7B
Diluted EPS$0.78—$0.76$1.08$1.30—$2.39$2.46
Operating cash flow$17.6Bd$16.6Bd$27.4B$15.4Bd$23.8Bd$36.2Bd$50.3B$24.1Bd
Capital expenditure$813.0Md$1.1Bd$1.2B$1.9Bd$1.6Bd$1.3Bd$1.8B$2.7Bd
Free cash flow$16.8B$15.6B$26.2B$13.5B$22.1B$34.9B$48.6B$21.4B
R&D expense$3.4B$3.7Bd$4.0B$4.3B$4.7B$5.5Bd$6.3B$7.1B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings