NVDA Fiscal 2026 Q2 Earnings

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NVDA Fiscal 2026 Q2 Earnings

Earnings per share (EPS): $1.05 vs. $1.01 expected
Net income increased 59% to $26.42 billion, or $1.05 per share, from $16.6 billion, or 67 cents per share, in the year-ago period

Revenue: $46.74 billion vs. $46.06 billion expected 56% y/y

Others:

Data center revenue: $41.1 billion vs. $41.34 billion expected 56% y/y, short of estimates for the second straight period. $33.8 billion for “compute,” or Nvidia’s GPU chips, which declined 1% from the first quarter because of $4.0 billion less in H20 sales. $7.3 billion of data center sales were from networking parts needed to build Nvidia’s more complicated systems, which was nearly double the amount from the year-ago period.

Blackwell sales rose 17% from the first quarter. In May, Nvidia said its new product line reached $27 billion in sales, accounting for about 70% of data center revenue.

H20 chip to China. The processor, which was custom built for sales to China, cost Nvidia $4.5 billion in writedowns and could have added $8 billion in second-quarter sales if it had been commercially available during the period, benefited from the release of $180 million worth of H20 inventory to a customer outside of China.

Nvidia’s gaming division reported $4.3 billion in sales, up 49% from the year-ago period.

The company’s robotics division, which management has highlighted as a growth opportunity, remains a small part of Nvidia’s business, with $586 million in sales, representing 69% year over year.

Nvidia repurchased $9.7 billion in its stock during the quarter, an additional $60 billion in share repurchases approved, with no expiration date.

Q3 Earnings Forecast

Sales: $54 billion, plus or minus 2% vs $53.1 billion expected (not assume H20 to China)