NVIDIA Surges Past Expectations as Revenue Growth Soars

NVIDIA released its second-quarter financial report for fiscal year 2027, which covered the period up to July 2026. The company's revenue reached $89 billion, beating market expectations of $86 billion.

The growth was mainly driven by shipments of the Blackwell series. NVIDIA also announced a plan to develop and support small and medium-sized customers, including government, enterprise, and industrial markets. A 5000-billion-dollar computing power financing platform is planned.

The company highlighted three sets of data in this earnings report: Commitments, Additional Commitments, and Guarantees. Commitments refer to signed but unperformed self-use procurement/lease/investment obligations. This figure previously appeared in the fine print of last quarter's 10-Q report, and the company fully listed it directly this time.

The most obvious change lies in the procurement commitments, which reached 279 billion US dollars as disclosed by the company this quarter. The 119 billion US dollars of procurement commitments disclosed by the company last quarter included 95 billion US dollars for fiscal year 2027, while the supply commitments corresponding to fiscal years 2028 to 2031 were only 24 billion US dollars.

The company expects revenue growth of more than 70% in fiscal year 2028. The after-hours stock price rose from -3% to around +5%. Correspondingly, under the same caliber of Blackwell+Rubin (calendar years 2025 to 2027), the total cumulative revenue was raised from 1 trillion US dollars to 1.2-1.3 trillion US dollars.