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Nvidia reports second quarter fiscal 2027 revenue of $96.2 billion, guiding for 70% growth in fiscal 2028

Nvidia reported second quarter fiscal 2027 revenue of $96.2 billion, a 106% year-over-year increase. The company's data center revenue reached $89 billion, exceeding analyst expectations. Adjusted earnings per share were $2.22, beating the consensus estimate of $2.09. Nvidia provided a long-term outlook, guiding for 70% revenue growth in fiscal year 2028. This figure exceeded the average analyst forecast of 63% growth. The administration announced that the growth outlook is supported by broad-based improvements in demand and visibility, though Jensen Huang noted that growth could have exceeded 100% if not for memory chip shortages. The company also highlighted its expansion into the server CPU market. Nvidia introduced the Vera server CPU as a stand-alone product, aiming to capture a larger share of the market currently dominated by Intel and AMD. Nvidia expects its server CPU revenue to more than double in fiscal 2028. For the third quarter, Nvidia projected revenue between $105.8 billion and $110.1 billion.

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