Nvidia $NVDA Q2’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $96.2B (Est. $92.2B) 🟢; +106% YoY 🔹 Adj. EPS: $2.22 (Est. $2.10) 🟢; +120% YoY 🔹 Data Center: $89.0B (Est. $85.8B) 🟢; +117% YoY 🔹 Adj Gross Margin: 75.0% (Est. 75%) 🟡; +250 bps YoY Q3 Guide: 🔹 Revenue: $108.0B +/- 2% (Est. $104.2B) 🟢 🔹 Adj Gross Margin: 74.0% +/- 50 bps 🔹 Adj OpEx: ~$9.0B Segment Revenue: 🔹 Data Center: $89.0B; +117% YoY 🔹 Edge Computing: $7.2B; +27% YoY Financials: 🔹 Adj Operating Income: $64.0B; +124% YoY 🔹 Adj OpEx: $8.2B; +54% YoY 🔹 Adj Net Income: $54.0B; +118% YoY 🔹 Free Cash Flow: $21.3B 🔹 Cash & Cash Equivalents: $22.4B 🔹 Short-Term Debt: $1.0B 🔹 Long-Term Debt: $32.4B Capital Return: 🔹 Shareholder Returns: ~$26.0B in Q2 🔹 Remaining Authorization: ~$99.0B Key Updates: 🔹 GAAP-to-non-GAAP adjustment includes $7.8B of net gains from equity securities 🔹 Outlook assumes no Data Center compute revenue from China 🔹 Vera Rubin is ramping into full production with racks running at partners Comments: 🔸 “AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue.” 🔸 “The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment.”