Nvidia wows Wall Street with a strong quarter and an eye-popping sales forecast
Nvidia CEO Jensen Huang did it again.
TL;DR
- Nvidia's fiscal 2027 Q2 revenue surged 106% to $96.22 billion, exceeding consensus estimates.
- Adjusted earnings per share (EPS) increased 128% to $2.46, surpassing expectations.
- The company issued its first fiscal 2028 revenue forecast, predicting a 70% increase over fiscal 2027, significantly higher than the 45% expected by analysts.
- Nvidia announced an expansion of its partnership with Amazon Web Services (AWS), which will deploy 2 million additional Nvidia GPUs and adopt Nvidia's full AI stack.
- The company returned a record $26 billion to shareholders via buybacks and dividends in the quarter, with plans to increase these returns.