- NVIDIA posted second-quarter 2026 fiscal year revenues and net income that exceeded Wall Street’s forecasts.
- Quarterly revenue reached $46.7 billion, with net income climbing to $26.4 billion.
- Earnings per share were reported at $1.08 under GAAP and $1.05 non-GAAP, with a profit margin of 72.4%.
- No sales of the H20 processor were made to China during the quarter due to export restrictions.
- The U.S. government recently reversed restrictions, allowing H20 sales to China with specific conditions on revenue sharing.
Nvidia, the world’s largest publicly traded semiconductor company, released its financial results for the second quarter of fiscal year 2026. The company’s statement showed it surpassed analysts’ expectations for both revenue and earnings.
For Q2, Nvidia announced revenue of $46.7 billion—a 6% increase over the previous quarter and 56% higher than the same period last year. Net income stood at $26.4 billion, with reported earnings per share of $1.08 based on GAAP accounting, and $1.05 per share on a non-GAAP basis. The tech company also reported a strong profit margin of about 72.4%.
Following the release of these results, Nvidia shares declined around 3.3% during after-hours trading. At the time of the announcement, the company’s market capitalization was over $4.4 trillion, making it the world’s most valuable publicly listed firm according to the company’s report. Nvidia is recognized for producing advanced computing and AI chips, with key significance to U.S. technology strategy.
In its latest report, Nvidia addressed its business operations in China. The company confirmed that there were no sales of its H20 processor to China-based customers during the second quarter. The H20 chip is a version of Nvidia’s popular H100 processor, modified to comply with U.S. export controls on high-performance semiconductors used for Artificial Intelligence. As outlined by Nvidia, export restrictions and license requirements halted all H20 deliveries to China earlier in the year.
U.S. government actions, initiated under President Donald Trump’s administration, first increased export barriers, imposing license fees that totaled about $5.5 billion for shipments to China. In August, this stance was reversed, allowing H20 chip sales to resume on the condition that Nvidia provides the U.S. government with 15% of revenue from chips sold into China.
For more on Nvidia’s Q2 earnings, visit the official financial results announcement. Stock pricing information can be found at TradingView.
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