Nvidia’s Q2: $96.2 Billion, 70% FY28 Growth, and Vera Rubin Already One-Fifth of Data Center
On August 26, 2026, Nvidia reported fiscal Q2 2027 revenue of $96.221 billion, up 106% year over year, guided Q3 to $108 billion ±2% with no China data-center compute, and said Vera Rubin was already about one-fifth of data-center revenue this quarter.
TLDR
NVIDIA on Wednesday, August 26, 2026 posted fiscal Q2 2027 (ended July): revenue $96.221 billion (+18% Q/Q, +106% Y/Y). Data Center $89.0 billion (+117% Y/Y). GAAP net income $59.688 billion / $2.46 per share; non-GAAP EPS $2.22; gross margin 75.0%. Q3 outlook $108.0 billion ±2%, with no China Data Center compute. On the call, Colette Kress pointed to ~70% FY28 revenue growth versus ~44% Street, and a supply bottleneck through at least January 2028. Vera Rubin was ~one-fifth of Data Center revenue this quarter. Edge Computing $7.2 billion. Buybacks plus dividends ~$26 billion; $99 billion remaining authorization. Jensen Huang: “AI has reached its inflection point… Now, compute is revenue.”
The print
| Item | NVIDIA newsroom Aug 26 |
|---|---|
| Revenue | $96.221B |
| Data Center | $89.0B |
| Q3 guide | $108.0B ±2%; no China DC compute |
| Rubin mix | ~20% of DC this quarter |
| FY28 color | ~70% growth (Kress) |
Same-day AWS +2 million GPUs is a separate infra slug. Do not fold PORTS-Pike (17), $500B MOUs (10), or server-price hikes (22) into the earnings print.
Product-line de-dupe: earnings ≠ AWS capacity ≠ Hugging Face talks (same calendar day).
Why this story matters
Nvidia is no longer asking investors to wait for Rubin. It is already 20% of the DC line, with a $108 billion next-quarter guide and a China-zero data-center print. Watch: whether the 70% FY28 number survives a Rubin yield miss, and how long $99 billion of remaining buybacks lasts if the stock treats this as peak.