After NVIDIA announced its financial results for the second quarter of fiscal year 2027, market sentiment quickly improved. The company's revenue and adjusted earnings per share exceeded analysts' expectations, and it also provided higher revenue guidance for the next quarter, which led to a noticeable increase in the stock price before trading began.
Second-quarter revenue exceeded expectations.
Financial reports show that NVIDIA's revenue for the quarter was $96.22 billion, higher than the market's expectation of $92.17 billion, and nearly doubled compared to $46.7 billion in the same period last year. The adjusted earnings per share were $2.22, also exceeding the expected $2.10.
Boosted by financial reports, NVIDIA's stock price rose by 7.83% before the market opened, corresponding to an increase of about $16.42. On the previous trading day, the stock closed down 1.59%.
Continue to provide strong guidance for the next quarter.
The company also has a positive outlook for the next quarter. NVIDIA expects revenue in the third quarter of fiscal year 2027 to reach $108 billion, with a margin of plus or minus 2%. The company also anticipates that both gross margins calculated under US Generally Accepted Accounting Principles (GAAP) and non-GAAP will reach 74.0%, with a margin of plus or minus 50 basis points.
This guidance indicates that the market's demand for AI data centers and high-performance computing chips continues, which also supports Wall Street's expectations for the company's future growth.
AI Infrastructure cooperation continues to expand
In addition to financial report data, NVIDIA's recent collaborations in AI infrastructure have also attracted attention. Reports mention that the company has partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to leverage over $500 billion in third-party capital for the construction of AI infrastructure.
Elon Musk also stated during the SpaceX earnings call that SpaceX will build related systems solely based on NVIDIA chips, and claimed that NVIDIA hardware is still one of the best choices in the field of AI computing at present.
Although some investors have become more cautious about NVIDIA's stock performance recently, based on this financial report and the company's outlook, the market still generally regards it as a key beneficiary of the AI chip and data center sectors.
