Nvidia achieved record revenues and Jensen Huang stated: 'AI has reached its inflection point'

Nvidia closed its second fiscal quarter of 2027 with record revenues of US$ 96.221 million, a 106% year-over-year increase.

The company also projected sales of US$ 108.000 million for the next quarter. Its CEO, Jensen Huang, stated that artificial intelligence has reached a turning point.

Nvidia exceeded Wall Street expectations

The revenues of Nvidia surpassed the US$ 92.170 million that analysts from LSEG expected. The adjusted profit reached US$ 2.22 per share, compared to the expected US$ 2.10.

A year ago, the company had generated US$ 46.743 million. In twelve months, its revenues more than doubled.

Artificial intelligence explains Nvidia's growth

The main driver of Nvidia continues to be its Data Center division, which generated US$ 89.000 million during the quarter.

While presenting the results, Jensen Huang stated: “AI has reached its turning point. It is doing useful work. Its tokens are productive and profitable. Now, computing power generates revenue”.

How much Nvidia earned and what it expects for the next quarter

The company reported a GAAP net income of US$ 59.688 million, a 126% increase from a year ago. In adjusted terms, the profit was US$ 53.954 million.

For the third fiscal quarter of 2027, Nvidia projects revenues of US$ 108.000 million, with a margin of variation of 2%.

The company clarified that this projection does not include revenues from Data Center compute in China. Additionally, it reported that its new platform Vera Rubin is increasing its production.

The business grew by 117% year-over-year and now represents approximately 92% of the company's total revenues.