Nvidia (NVDA) Stock Pops 4% on Blowout Earnings But Margin Dip Raises Questions

TLDR

• Nvidia posted Q2 revenue of $96.2 billion, beating estimates of $92.27 billion, with earnings per share of $2.22 vs. the $2.09 forecast
• Data Center revenue hit $89 billion, up 117% year over year, topping estimates of $85.4 billion
• Q3 revenue guidance came in at $108 billion, well above the Street forecast of $103.9 billion
• Gross margin guidance for Q3 was 74%, down from 75% in Q2, which initially weighed on the stock
• NVDA rose around 4% in after-hours trading following the earnings call

Nvidia reported fiscal second-quarter 2027 results after the bell on Wednesday, posting revenue of $96.2 billion. That beat Wall Street estimates of $92.27 billion and represented a 106% jump from the same period a year ago.

Nvidia $NVDA Q2’27 EARNINGS HIGHLIGHTS

🔹 Revenue: $96.2B (Est. $92.2B) 🟢; +106% YoY
🔹 Adj. EPS: $2.22 (Est. $2.10) 🟢; +120% YoY
🔹 Data Center: $89.0B (Est. $85.8B) 🟢; +117% YoY
🔹 Adj Gross Margin: 75.0% (Est. 75%) 🟡; +250 bps YoY

Q3 Guide:
🔹 Revenue: $108.0B +/- 2%… pic.twitter.com/zVimcTYVot

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