NVIDIA (NASDAQ: NVDA) reported second-quarter revenue of $96.2 billion, up 18% sequentially and 106% year-over-year, driven by surging AI demand. GAAP and non-GAAP gross margins were both 75.0%, with earnings per diluted share of $2.46 and $2.22 respectively.

"AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue," said Jensen Huang, founder and CEO of NVIDIA. "And demand is accelerating. This time last year, one lab alone was driving the buildout; today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online—with strong momentum across the U.S. and around the world. The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment."

During the quarter, NVIDIA returned approximately $26.0 billion to shareholders through share repurchases and cash dividends. The company has $99.0 billion remaining under its share repurchase authorization and will pay a quarterly dividend of $0.25 per share on October 1, 2026.

For the third quarter of fiscal 2027, NVIDIA expects revenue of $108.0 billion, plus or minus 2%, with gross margins of 74.0%. The outlook excludes Data Center compute revenue from China. The company also announced partnerships with Apollo, Black Rock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize over $500 billion of third-party capital for AI infrastructure.