A brief recap of Nvidia's incredible results
Nvidia grew revenue 106% year-over-year from $46.7 billion to $96.2 billion in fiscal Q2 2027 (ended July 26, 2026).
That’s unprecedented. No company in history has ever organically doubled quarterly revenue from such a large base.
The closest I could find was Exxon Mobil in Q2 2021. It increased revenue by about 108% year-over-year that quarter. But that was a rebound from the COVID oil-price collapse. And the year-earlier quarter’s revenue was only about $32 billion because crude had crashed.
It’s practically a law of business physics that a company the size of Nvidia can’t double revenue as fast as it just did. Because the bigger the base, the harder it is to grow on top of it.
Nvidia’s “Data Center” revenue, which is the AI business, grew 117% year-over-year in Q2 to $89 billion. The company guided for total revenue of $108 billion this quarter, which would be its first $100 billion quarter. And it guided for 70% revenue growth in fiscal 2028, which is basically calendar year 2027.
As amazing as these numbers are, they don’t help us see where the company is going beyond about a year from now. What does help us start to paint the picture of where Nvidia could be several years down the road is four specific takeaways from the quarterly call .
