# Nvidia Reports $96.2B Q2; Rubin Forecast at One-Fifth of Q3 Data Center Revenue

Times of AI Desk · 2026-08-26 · Work

[https://timesof.ai/2026/08/nvidia-q2-fy2027-96-billion](https://timesof.ai/2026/08/nvidia-q2-fy2027-96-billion)

> Nvidia reported fiscal Q2 2027 revenue of $96.221 billion, up 106% year over year. It guided Q3 to $108 billion ±2%, excluding China data-center compute, and forecast Vera Rubin at about 20% of Q3 Data Center revenue. Management also projected roughly 70% FY28 growth.

Nvidia’s **$96.2 billion** quarter comes with a **$108 billion** next-quarter revenue outlook. Management expects Vera Rubin to account for about **20% of Data Center revenue in Q3**; that is a forecast, not the reported Q2 mix.

**NVIDIA** posted fiscal **Q2 2027** (ended July): revenue **$96.221 billion** (**+18%** Q/Q, **+106%** Y/Y). **Data Center $89.0 billion** (**+117%** Y/Y). GAAP net income **$59.688 billion** / **$2.46** per share; non-GAAP EPS **$2.22**; gross margin **75.0%**. **Q3** outlook **$108.0 billion ±2%**, with **no China Data Center compute**. On the call, **Colette Kress** pointed to ~**70%** FY28 revenue growth and a supply bottleneck **through at least the end of fiscal 2028**. **Vera Rubin** was forecast to represent ~**one-fifth** of Data Center revenue in **Q3**. **Edge Computing $7.2 billion**. Buybacks plus dividends ~**$26 billion**; **$99 billion** remaining authorization. Jensen Huang: **“AI has reached its inflection point… Now, compute is revenue.”**

## The print

| Item | NVIDIA release and earnings-call transcript, Aug 26 |
|------|------------------------|
| **Revenue** | **$96.221B** |
| **Data Center** | **$89.0B** |
| **Q3 guide** | **$108.0B ±2%**; **no China DC compute** |
| **Rubin mix** | ~**20%** of Data Center revenue forecast for **Q3** |
| **FY28 color** | ~**70%** growth (Kress) |

The same-day **AWS +2 million GPUs** announcement is a separate infrastructure development.

## Limits

- **70% FY28** growth is a forward-looking management expectation on the call, not a reported result.
- Whether that number survives a Rubin yield miss is open.
- **$99 billion** remaining buyback authorization is capacity, not a spend schedule.

**Correction (October 14, 2026):** The earnings-call transcript places Rubin’s approximately 20% Data Center share in the Q3 outlook, not Q2 results. Corrected all headline and summary fields, clarified China exclusion as an outlook assumption and removed the unverified Street comparison.

## Sources

- [Nvidia: Q2 FY2027 results](https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2027)
- [Nvidia-hosted August 26 earnings-call transcript](https://investor.nvidia.com/files/content_files/TRANSCRIPT_-NVIDIA-Corp-NVDA-US-Q2-2027-Earnings-Call-26-August-2026-5_00-PM-ET.pdf)