NVIDIA reported fiscal second-quarter 2027 revenue of $96.2 billion on August 26, 2026. This figure marks an 18% increase from the previous quarter and a 106% jump year-over-year, beating Visible Alpha analyst estimates of $92.2 billion. The Data Center segment was the primary driver, generating $89 billion, up 117% from the previous year and topping market forecasts of $85.7 billion.
Behind these record numbers, export control policies have forced the company to adjust its addressable market.
Heading Toward $108 Billion Without China
NVIDIA’s third-quarter guidance targets $108 billion in revenue, surpassing analyst consensus of $104.2 billion. This projection assumes zero Data Center compute revenue from China amid ongoing export restrictions on advanced AI chips.
Despite factoring out compute revenue from China, the company’s GAAP and non-GAAP gross margins remained solid at 75%. During the same quarter, NVIDIA returned $26 billion to shareholders through share buybacks and dividend payments. The company’s shares fluctuated briefly following the earnings release before climbing 4.1% in extended trading after the earnings call concluded.
Why Supply Outweighs Demand
CFO Colette Kress noted that customer projections indicate NVIDIA’s potential growth could double over the next year. However, management is only projecting a 70% increase because supply capacity will likely be unable to meet total demand. NVIDIA’s supply and capacity commitments rose from $119 billion to $279 billion as of July 26, 2026, with allocations focused on memory and manufacturing.
The latest Vera Rubin platform has entered full production to service orders from CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud, and Nebius. To support these operations, NVIDIA announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR. This consortium is preparing to mobilize over $500 billion for AI infrastructure, though execution remains subject to definitive agreements.
Crypto Miners Join the Queue
Surging demand for AI infrastructure is directly impacting the crypto mining sector. Nine publicly traded crypto mining companies spent $5.11 billion on capital expenditures in the first half of 2026, generating $341.2 million in revenue from high-performance computing and AI services. Mining firm IREN has already secured a $3.4 billion procurement deal with NVIDIA.
For these crypto miners, the battlefield has shifted. The competition is no longer just about who can mine new blocks on the network fastest, but how effectively they can secure chip supply allocations alongside mainstream tech giants.
Reported by crypto.news.
Read also: Nvidia Posts $96.2 Billion Revenue in Q2 - Earnings Report Now Signals Direction of Crypto Capital
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
