NVIDIA Q2 Revenue Doubles to $96.2B, Guides Q3 to $108B, But Stock Falls 1.6%
NVDA sits 36% above its 52-week low of $164.07.
Summary
NVIDIA reported Q2 FY27 revenue of $96.2B, more than double year-over-year, with adjusted EPS of $2.22, beating estimates. Q3 guidance of $108B ±2% implies continued strong growth, and the company targets 70% revenue growth for FY2028. Despite the beat, the stock fell 1.59% to $209.66 on Aug 26, reflecting high expectations and a pattern of post-earnings declines. Gross margin guidance of 74% for Q3, down from 75%, signals rising component costs. Analysts note AI demand is broadening beyond hyperscalers to enterprises and sovereign customers, but caution that much good news is priced in and a consolidation phase may follow.
At the time of this announcement, NVDA was trading at $223.55 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.1T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Mint.