Nvidia, the world's largest artificial intelligence (AI) semiconductor company, has once again announced record-breaking results. Quarterly revenue exceeded approximately 133 trillion won in Korean currency, with the core data center business alone generating about 123 trillion won in revenue.

Quarterly Revenue of $96.2 Billion... More Than Doubled in One Year

Nvidia announced on the 26th (local time) that its revenue for the second quarter of fiscal year 2027 reached $96.221 billion. Applying the current exchange rate of approximately 1,385.52 won per dollar, this amounts to about 133.3161 trillion won. Revenue rose 18% from the previous quarter's $81.615 billion and 106% from $46.743 billion in the same period last year, meaning quarterly revenue more than doubled in a year.

Operating Profit Up 124%... Profitability Also Improving Sharply

Profitability improved as well. Operating profit under U.S. GAAP was $63.734 billion, up 124% year-on-year, equivalent to approximately 88.3047 trillion won. GAAP net income was $59.688 billion, up 126%, or about 82.6989 trillion won at current exchange rates. Diluted earnings per share (EPS) of $2.46 jumped 128% from $1.08 a year earlier.

Non-GAAP net income was $53.954 billion, or roughly 74.7543 trillion won, up 118% year-on-year. Non-GAAP diluted EPS was $2.22, up 120%.

Growth Led by AI Data Centers

The data center business drove the earnings growth. Second-quarter data center revenue was $89 billion, up 18% from the previous quarter and 117% year-on-year, equivalent to approximately 123.3113 trillion won. Most of Nvidia's total quarterly revenue came from the AI data center segment, suggesting that large-scale computing infrastructure investments by global big tech and AI companies are flowing directly into Nvidia's results.

Nvidia CEO Jensen Huang said AI has reached a genuine inflection point. He explained that as AI is deployed in real work and industrial settings, computing demand is translating into revenue, with demand expanding to new AI research labs, startups, the open model ecosystem, and physical AI.

The next-generation AI platform, Vera Rubin, has also entered full-scale production. Nvidia said related systems are being built with major partners including CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and Nebius.

Q3 Revenue Outlook Around 150 Trillion Won... China Revenue Excluded

Nvidia expects revenue well above 100 trillion won again next quarter. The company guided third-quarter fiscal 2027 revenue of $108 billion, about 149.6362 trillion won at current exchange rates, with a guidance range of ±2%. Notably, this Q3 outlook does not include revenue related to China data center computing. Both GAAP and non-GAAP gross margins are expected to be around 74.0%.

$26 Billion in Shareholder Returns... $99 Billion Remaining in Buyback Authorization

Shareholder returns were also substantial. In the second quarter, Nvidia returned about $26 billion (roughly 36.0235 trillion won) to shareholders through share buybacks and cash dividends. As of the end of the second quarter, the remaining share buyback authorization stood at about $99 billion (approximately 137.1665 trillion won). The next quarterly cash dividend of $0.25 per share will be paid on October 1 to shareholders of record as of September 10.

Revenue Scale Beyond the Category of a Semiconductor Company

The most notable aspect of these results is that the revenue scale has transcended that of an ordinary semiconductor company. Revenue reached about 133 trillion won in a single quarter, with data center revenue alone at roughly 123 trillion won. With next quarter's revenue outlook approaching 150 trillion won, the trend of expanding AI infrastructure investment translating into Nvidia's earnings growth is likely to continue for the time being.

However, with China-related data center revenue excluded from the outlook, future policy changes in the Chinese market, the pace of Vera Rubin supply expansion, and whether global big tech sustains AI capital investment are expected to be key variables for further growth.

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