Nvidia posts $96 billion quarter as AI infrastructure demand surges

Nvidia shares fell 1.45% in after-hours trading on Wednesday despite another quarter of rapid AI-driven growth, with revenue more than doubling from a year earlier. The chipmaker reported second-quarter fiscal 2027 revenue of $96.2 billion, up 18% from the previous quarter and 106% year over year. GAAP earnings reached $2.46 per diluted share, while adjusted earnings came in at $2.22 per share. GAAP net income rose 126% from a year earlier to $59.7 billion, while operating income increased 124% to $63.7 billion. Gross margin reached 75%, up from 72.4% in the same quarter last year. Nvidia’s Data Center business remained the main growth engine. Revenue from the division reached $89 billion, up 18% from the previous quarter and 117% from a year earlier. The company said its Vera Rubin platform is ramping into full production, with systems running at partners including CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and Nebius. Nvidia also introduced its Vera CPU for AI agents and said its Groq 3 LPX inference accelerator has entered full production. CEO Jensen Huang said AI infrastructure demand continues to accelerate as more frontier labs, startups, and open ...