Nvidia's quarterly revenue climbs to $96B as it locks in massive memory supply deals
Nvidia reported fiscal Q2 2027 revenue of $96.2 billion, a 106% year-over-year increase, driven by demand for AI hardware. The company also committed to purchasing up to $160 billion in memory, including a pact with SK hynix, raising total commitments to $279 billion. CEO Jensen Huang stated that AI has reached a turning point where compute directly generates revenue.
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Original headline: “Nvidia revenue tops $96 billion as memory commitments soar to $160 billion — CEO Jensen Huang says AI 'has reached its inflection point'.” Browse more stories.