Mirror Review
August 24, 2026
NVIDIA earnings will take center stage on August 26, when the chipmaker reports its second-quarter fiscal 2027 results after the U.S. market closes. NVIDIA expects $91 billion in revenue, plus or minus 2%, while analysts currently expect about $91.85 billion in revenue and $2.08 in adjusted earnings per share.
The forecast would put quarterly revenue at nearly twice the $46.7 billion NVIDIA reported in the same quarter last year. The results will therefore offer an important look at whether demand for the computing power behind the AI boom is still growing at the pace investors expect.
NVIDIA’s Recent Growth Has Raised Expectations
NVIDIA enters the report after another record quarter.
In the first quarter of fiscal 2027, NVIDIA reported $81.6 billion in revenue, up 85% from a year earlier. Its Data Center revenue reached $75.2 billion, up 92%, while GAAP net income reached $58.3 billion. For fiscal 2026, the company reported $215.9 billion in revenue, up 65% from the previous year.
For the second quarter, NVIDIA expects a GAAP gross margin of about 74.9% and a non-GAAP gross margin of about 75%. These figures will give investors another measure of the company’s profitability as its AI computing business continues to expand.
The revenue guidance is close to current analyst expectations. That makes NVIDIA’s outlook for the following quarter an important part of the upcoming report.
The $92B Forecast Will Test AI Demand
The roughly $92 billion revenue forecast is the main number surrounding the NVIDIA earnings report.
Current estimates of about $91.9 billion would represent nearly double the $46.7 billion reported in the year-ago quarter. Analysts also expect adjusted earnings of about $2.08 per share.
The key question is whether customers are continuing to spend heavily on AI computing.
NVIDIA’s chips and computing systems support the data centers used to develop and run AI models. As companies expand these facilities, demand for advanced processors and related infrastructure has become a major driver of NVIDIA’s growth.
The upcoming results will show how that demand translated into revenue during the quarter. Management’s next-quarter guidance will provide another indication of how it expects demand to develop.
Blackwell Demand Will Show the Strength of AI Infrastructure
Blackwell demand will be one of the main areas to watch in the NVIDIA earnings report.
NVIDIA’s Blackwell platform is designed for demanding AI workloads, including training and inference. The company has also introduced Vera Rubin, its next-generation platform for AI computing.
The importance of these platforms is straightforward. Companies need more computing power to build and run increasingly capable AI systems. That is driving investment in AI data centers, AI accelerators, and related networking equipment.
NVIDIA’s Data Center business is at the center of this spending. Its $75.2 billion first-quarter revenue accounted for most of the company’s total quarterly revenue.
The Q2 results should therefore provide a clearer picture of whether demand for AI infrastructure remains strong.
Jensen Huang’s Outlook Will Add Context
NVIDIA CEO Jensen Huang has described the rapid expansion of AI computing as a major infrastructure shift.
After the first-quarter results, Huang said:
“The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.”
He also said the shift toward agentic AI had reached an important point, with AI agents beginning to create value across companies and industries.
His comments during the upcoming earnings call will help explain how NVIDIA views customer demand and future AI-related investment.
Investors will be listening for updates on Blackwell, future products, and the pace at which customers are expanding their AI computing capacity.
Future Guidance Could Matter Most
The second-quarter results will show what NVIDIA achieved during the latest quarter. Its forward guidance will indicate what management expects next.
That distinction matters because NVIDIA has already set a very high growth rate. A strong Q2 result would show continued demand during the quarter, while the next guidance would indicate whether the company expects that momentum to continue.
Investors will therefore look at revenue and earnings alongside Data Center performance, gross margins, and management’s comments about future demand.
What NVIDIA Earnings Could Tell Us About the AI Boom
NVIDIA has grown from $46.7 billion in quarterly revenue a year ago to an expected figure near $92 billion this quarter. That scale shows how quickly spending on AI computing has expanded.
The August 26 report will provide another measure of that expansion.
The main questions are straightforward: How much revenue did NVIDIA generate? How strong was Data Center demand? How is Blackwell progressing? And what does the company expect next?
The answers will help show whether demand for AI computing can continue supporting NVIDIA’s rapid growth.
For that reason, NVIDIA earnings are more than another quarterly financial report. They will provide an important update on the strength of the AI infrastructure boom and whether NVIDIA can maintain its exceptional pace of growth.
Gurushanth S Jatti
