Nvidia just told Wall Street that the AI spending wave isn’t slowing down. It’s accelerating.
The chipmaker reported fiscal Q2 2027 revenue of $96.2 billion on August 26, a 106% increase from the same period a year ago. More importantly, Nvidia issued its first-ever full-year revenue guidance, projecting roughly 70% growth for fiscal 2028. Analysts had been expecting around 44%.
The stock jumped more than 4% in after-hours trading.
The data center engine
Nvidia’s data center segment pulled in $89 billion during the quarter, up 117% year-over-year and representing roughly 92% of total company sales.
