Nvidia beats estimates with $96.2 billion revenue, up 106% year over year
Updated September 13, 2026. · Written by Svetoslav Grigorov
Update, September 13, 2026: this article was originally published ahead of the earnings release, with what the consensus expected. It is now updated with the actual figures, which are already known. The pre-release analysis remains below as historical context.
VERIFIED Nvidia reported its second-quarter fiscal 2027 results (the quarter that ended July 26, 2026) on August 26, 2026, after market close: revenue of $96.2 billion, up 106% year over year and 18% from the prior quarter, and adjusted earnings per share of $2.22, with a 75% gross margin, according to Nvidia. Data center segment sales reached $89 billion. All three beat the consensus figures cited in post-release coverage ($92.17 billion in revenue, $2.10 in adjusted EPS, $86.33 billion in data center). The pre-release consensus shown below ($92.2 billion and $2.09) differs slightly: consensus figures vary by data provider and date.
What the company said about what's next
VERIFIED Nvidia guided third-quarter fiscal revenue of $108 billion (±2%), and CEO Jensen Huang projected 70% revenue growth for the full 2028 fiscal year, well above what the market had been modeling, according to CNBC.
How the stock reacted
HYPOTHESIS Despite comfortably beating consensus, the market reaction was muted: the stock fell as much as 1.3% in after-hours trading, shortly before the analyst call. Several outlets attribute the subdued reaction to already very high expectations going in, and to the margin of the beat narrowing compared with prior quarters, when Nvidia typically beat consensus by more. This is the reading that circulated then, not a fact independently verified by this site, per Pepperstone.
What the market expected before the release (original context)
VERIFIED Wall Street consensus had expected revenue of about $92.2 billion (up 97.4% year over year) and adjusted earnings per share of $2.09, up from $1.05 a year earlier, according to The Motley Fool.
HYPOTHESIS Analysts such as Wedbush's Matt Bryson had expected Nvidia to beat both the revenue and earnings estimates, and to give upbeat third-quarter guidance backed by strong hyperscaler spending. That was one analyst's opinion, not a fact this site had verified, per the same Motley Fool coverage.
What this does not mean
HYPOTHESIS Beating consensus, something Nvidia has routinely done in past quarters, does not guarantee the stock rises, as this quarter's muted reaction shows. Nor is the company's own optimistic guidance for 2028 a fact independently verified by this site: it is its own management's projection, subject to change.
Sources for the update, September 13, 2026: NVIDIA: second-quarter fiscal 2027 results, CNBC: Nvidia earnings takeaways, Pepperstone: NVIDIA's Q2 FY27 Results. Sources checked on August 26, 2026: NVIDIA Investor Relations: 2nd Quarter FY27 Financial Results, The Motley Fool: Nvidia Could Grow Revenue 97% and Still Disappoint Wall Street.
Educational notice: this article is analysis based on public data, may be wrong, and is not financial advice. It is not a buy or sell recommendation. The decision and the risk are always the reader's own.