Nvidia just posted a quarter so absurdly good that analysts aren’t celebrating so much as interrogating. The company reported fiscal Q2 2027 revenue of $96.2 billion, a 106% increase year-over-year, and the immediate question on Wall Street wasn’t “how did they do it” but rather “who’s writing these checks.”
The answer, increasingly, appears to be SpaceX.
The numbers behind the speculation
Nvidia’s data center segment drove the bulk of the performance, pulling in $89 billion for the quarter. That’s a 117% jump from the same period a year ago.
The company’s forward guidance was equally aggressive. Nvidia projected Q3 revenue of $108 billion, give or take 2%, and signaled fiscal 2028 revenue growth of roughly 70%. If that holds, Nvidia would be on track for approximately $690 billion in annual revenue.
