Nvidia Beats Estimates and Raises Guidance, Stock Rises

Nvidia reported fiscal 2027 second-quarter earnings that surpassed analyst expectations, with revenue of $96.22 billion and adjusted earnings per share of $2.22. The company also provided stronger-than-expected revenue guidance for the third quarter, and shares rose about 3.8% in after-hours trading. The results marked a 106% year-over-year revenue increase and a 120% jump in earnings per share. Nvidia forecast third-quarter revenue of approximately $108 billion, above the $104.2 billion consensus, and repurchased $26 billion of its stock during the quarter. CEO Jensen Huang stated AI has reached an "inflection point," citing accelerating demand from new labs and startups. The company projects 70% annual revenue growth in fiscal 2028, though long-term concerns about margin pressure and competition persist.