NVDA · Q2 FY2027
NVIDIA CORP Q2 FY2027 earnings analysis
By SageNoodle ResearchBullish
| Metric | Actual | Estimate | Result |
|---|---|---|---|
| Revenue | $96.22B | $46.74B yr ago | Beat |
| EPS | $2.46 | $1.08 yr ago | Beat |
| Free Cash Flow | $24.08B | $15.37B yr ago | Beat |
| Gross Margin | 75.0% | 72.4% yr ago | Beat |
| Operating Margin | 66.2% | 60.8% yr ago | Beat |
What changed
Revenue more than doubled year over year to $96.22B, while EPS increased 127.8% to $2.46 and both gross and operating margins expanded. Free cash flow rose 56.7% year over year to $24.08B but fell 52.2% sequentially, interrupting the otherwise broad acceleration from Q1 FY2027.
Impact on the investment thesis
There was no prior SageNoodle fair value to revise, so this report establishes an initial base-case value of $221.50 per share. The quarter strengthens the operating thesis, but the current price already reflects most of that strength at 27.6x TTM earnings.