Nvidia shares dip 1% despite record revenue and raised outlook

Nvidia shares fell over 1% in after-hours trading despite the company reporting record revenue of $96.2 billion for fiscal Q2 2027, beating analyst estimates and raising its outlook. Revenue rose 18% sequentially and 106% year-over-year, driven by accelerating AI infrastructure demand. Net income more than doubled to $53.95 billion, with GAAP earnings of $2.46 per diluted share and non-GAAP earnings of $2.22. Data Center revenue grew 117% to $89 billion. Nvidia forecast Q3 revenue of $108 billion, excluding China compute sales, with gross margins expected around 74%. CEO Jensen Huang said AI has reached an inflection point, with the Vera Rubin platform entering full production.