NVIDIA Q2 FY27 10-Q: Revenue Doubles to $96.2B, Supply Commitments Surge to $279B, $105B Ohio Guarantee Disclosed
NVDA sits 30% above its 52-week low of $164.07.
Summary
NVIDIA's Q2 FY27 10-Q confirms revenue doubled to $96.2B with Data Center up 117%, while supply commitments surged to $279B and a $105B guarantee for the Ohio AI campus was disclosed.
Key Events · Earnings and Guidance · NVDA
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Q2 Revenue Doubles to $96.2B
Revenue grew 106% YoY and 18% QoQ to $96.2B, with Data Center revenue of $89.0B up 117% YoY. Net income was $59.7B, up 126% YoY, with diluted EPS of $2.46.
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Supply Commitments Surge to $279B
Total supply and capacity commitments increased from $119B last quarter to $279B as of July 26, 2026, primarily for memory and manufacturing facilities to support long-term demand.
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$105B SB Energy Guarantee
NVIDIA disclosed guarantee obligations capped at $105B for the SB Energy PORTS-Pike Ohio campus, covering 4.25 GW of IT load under 20-year leases to OpenAI, with an option for 3.8 GW more.
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$25B Debt Issuance
In June 2026, NVIDIA issued $25.0B of senior unsecured notes across seven tranches for general corporate purposes, bringing total long-term debt to $32.4B.
Analysis · NVDA · Manufacturing
NVIDIA's Q2 FY27 10-Q confirms the record results previewed in today's 8-K — revenue of $96.2B, up 106% year-over-year, with Data Center revenue of $89.0B up 117%. But the 10-Q adds material new detail: supply and capacity commitments jumped from $119B to $279B in a single quarter, primarily for memory procurement, and NVIDIA disclosed a $105B guarantee cap for the SB Energy PORTS-Pike Ohio campus that will host NVIDIA infrastructure under 20-year leases to OpenAI. The company also issued $25B of senior notes in June and repurchased $19.7B of stock in Q2. The scale of these commitments — $366B in total future obligations — shows NVIDIA is aggressively locking in supply and infrastructure capacity to sustain its AI buildout, but it also concentrates counterparty and execution risk on a handful of partners.
How filings like this one have moved
In the 30 days to Aug 26, 2026, 43.3% of the 998 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, NVDA was trading at $213.62 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $5.2T. The 52-week trading range was $164.07 to $236.54. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.