Jimmy Kimmel and wife Molly McNearney expecting baby No. 2

Congrats are in order for Jimmy Kimmel and his wife, producer Molly McNearney, who are expecting their second child together!

The late night host revealed the happy news on Jimmy Kimmel Live! on Monday, the same day it was announced that he would be hosting this year's Academy Awards!

"Congratulations to me. I'm hosting the Oscars and I had sex," Kimmel joked.

NEWS: Jimmy Kimmel to Host the 2017 Academy Awards

See photos of Jimmy Kimmel:

The baby will be the second for the comedian and his wife, who welcomed daughter Jane in 2014. Kimmel also has two children, Kevin and Katherine, from a previous marriage.

The Live! host said that he and McNearney don't yet know if they're having a boy or a girl, joking that the couple plan to "let the child decide for itself."

"We want it to be a surprise, but I have been trying to think of names that would work for either a boy or a girl," he added. "So far I've come up with two. Number one, Dyson, after the vacuum. Or 'Jelatin,' with a J. No? That's exactly what my wife said."

2017 is shaping up to be a big year for Kimmel! Check out some of the highlights from his hosting turn at this year's Emmys in the video below.

WATCH: 2016 Emmy Awards: The Best, Worst and Weirdest Moments