(Image credit: Nvidia)
It has become a tradition that every single quarter Nvidia reports record results that outpace all of its quarterly results before that. This Wednesday was no exception as the company posted revenue of $96.2 billion, which was up 106% year-over-year, due to rising demand for its AI hardware. But such results come at a cost, as the company has to invest massively in its future. In the second quarter of its fiscal 2027, Nvidia had to commit to procuring memory worth up to $160 billion, which includes its memory supply pact with SK hynix.Go deeper with TH Premium: AI and data centersNearly $100 billion revenue per quarterFor the second quarter of Nvidia's FY2027, which ended on July 26, 2026, the company's GAAP revenue hit a record $96.221 billion, up 18% quarter-over-quarter (QoQ) and 106% compared to the same quarter a year ago. Nvidia's net income totaled $59.688 billion, up 126% year-over-year (YoY), as its gross margin reached 75.0%. Sales of Nvidia's Compute & Networking hardware reached $88.299 billion, up 18% sequentially and 114% YoY, whereas sales of its graphics hardware hit $7.922 billion, up 12% sequentially and 46% year-over-year.
(Image credit: Nvidia)"AI has reached its inflection point," said Jensen Huang, founder and CEO of Nvidia. "AI is doing useful work. Its tokens are productive and profitable. Now, compute is revenue. And demand is accelerating. […] We have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online […]. The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment."
