Leading American artificial intelligence chip maker Nvidia reported a net profit of $59.688 billion (51.2 billion euros) for the second quarter of fiscal 2027 on Wednesday, marking a 126 percent increase compared to the same period last year.
The company generated quarterly revenue of $96.221 billion (82.561 billion euros), representing a 106 percent rise year-on-year. Data center infrastructure accounted for the vast majority of those sales, contributing more than $89 billion during the three-month period.
In statements published alongside the financial documents, Nvidia founder and chief executive officer Jensen Huang said artificial intelligence had reached its inflection point and was now performing useful work. He noted that AI tokens were both productive and profitable, adding that computing capacity had directly transformed into business revenue as market demand accelerated.
Huang highlighted that demand was building rapidly amid what he described as a golden age for new artificial intelligence laboratories and technology startups. He stated that multiple cutting-edge research facilities were expanding simultaneously, backed by a thriving ecosystem of open-source models and the commercial rollout of physical artificial intelligence systems across the United States and international markets.
First-half financial results
For the first six months of its fiscal year, Nvidia recorded a net profit of $118.11 billion (101.227 billion euros), representing a 161.3 percent increase over the previous year. Total revenue for the six-month period reached $177.837 billion (152.417 billion euros), up 95.8 percent year-on-year.
The financial figures mean that Nvidia, which operates as the world's most valuable company, earned almost as much net profit in the first half of its current fiscal year as it did during the entire preceding fiscal period. Over the full prior year, the semiconductor firm registered a net profit of $120.067 billion (102.905 billion euros).
Headquartered in Santa Clara, California, Nvidia designs high-performance graphics processing units and specialized computer hardware that power modern artificial intelligence models. The company's data center chips have become essential components for cloud providers, technology enterprises, and research organizations constructing large-scale machine learning systems.
Third-quarter revenue outlook
Looking ahead to the third quarter of its fiscal year, Nvidia expects revenue to reach approximately $108 billion (92.563 billion euros), plus or minus 2 percent.
The company also projected third-quarter gross profit margins of 74 percent, subject to an upward or downward variation of 50 basis points. Operating expenses for the upcoming period are anticipated to be approximately $9.2 billion (7.885 billion euros).
Gross margin measures the percentage of revenue remaining after accounting for direct manufacturing costs, while basis points represent hundredths of a percentage point in financial calculations. Operating expenses cover day-to-day business costs, including research and development investments and administrative overhead.
