Nvidia’s Q2 fiscal 2027 results exceeded analyst consensus on every headline metric, with revenue of $96.2 billion, up 106% from a year ago and 18% from the prior quarter, against a consensus expectation of $92.2 billion from analysts polled by the London Stock Exchange Group (LSEG). Non-GAAP diluted earnings per share came in at $2.22, while GAAP diluted EPS reached $2.46, both exceeding the $2.09–$2.10 consensus range. Data centre revenue reached $89.0 billion, up 117% year-on-year and representing approximately 92% of total company revenue, with the Blackwell Ultra product mix credited for GAAP gross margin rising to 75.0% from 72.4% in Q2 fiscal 2026, a prior-year period burdened by a $4.5 billion charge associated with H20 excess inventory and purchase obligations; inventory provisions of $985 million still weighed on Q2 fiscal 2027 gross margin by 0.8 percentage points. On the earnings call, chief financial officer Colette Kress said customer forecasts “point to our growth doubling next year,” indicating Nvidia expects fiscal 2028 revenue growth of 70%, versus analysts modelling 44%, reflecting supply constraints rather than demand weakness. Nvidia returned approximately $26.0 billion to shareholders during the quarter, leaving approximately $99.0 billion remaining under its buyback