Nvidia posts $96.2 billion quarter, but shares slip

Nvidia reported Q2 FY2027 revenue of $96.2 billion on August 26, up 106% year over year and above the $92.2 billion analyst consensus, with adjusted EPS of $2.22 and a 75.0% non-GAAP gross margin. CFO Colette Kress guided Q3 revenue to about $108 billion and projected roughly 70% revenue growth in fiscal 2028, well above the roughly 45% analysts expected, but shares fell after hours as investors focused on gross margin guidance easing to about 74% for Q3.