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Nvidia beats Q2 estimates with $96.22B revenue but warns of margin pressure from memory costs.

Company Fundamentals
11 Sep 2026
Seeking Alpha
View Source
Bearish
Nvidia beats Q2 estimates with $96.22B revenue but warns of margin pressure from memory costs.

Nvidia reported strong Q2 2027 results with revenue of $96.22 billion and earnings per share of $2.22, both surpassing analyst expectations. The company forecasts 70% revenue growth for fiscal year 2028, driven by high demand despite supply constraints. However, Nvidia cautioned that rising memory costs could pressure profit margins, expecting gross margins to bottom at 71-72% in Q4 before a slight recovery next year. Despite the strong results, the analyst maintains a sell rating on Nvidia stock due to limited near-term upside and risks from memory pricing.

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