NVIDIA reported its revenue for the second quarter of 2026, with earnings of $46.7 billion, a 6% increase from the previous quarter and a 56% rise compared to a year earlier.
In other earnings highlights, NVIDIA’s Blackwell Data Center revenue grew by 17%. In May, Nvidia reported that its new product line reached $27 billion in sales, making up about 70% of data center revenue.
Despite the earnings win, NVIDIA reported that no H20 processors were sold to China-based customers during this period. However, the company benefited from releasing $180 million of inventory to a customer outside China.
Jensen Huang, founder and CEO of NVIDIA told investors, “Blackwell is the AI platform the world has been waiting for, delivering an exceptional generational leap — production of Blackwell Ultra is ramping at full speed, and demand is extraordinary. NVIDIA NVLink rack-scale computing is revolutionary, arriving just in time as reasoning AI models drive orders-of-magnitude increases in training and inference performance. The AI race is on, and Blackwell is the platform at its center.”
Nvidia CFO Colette Kress issued a statement with the earnings report, saying, “We returned $10.0 billion to shareholders in the second quarter through $9.7 billion of share repurchases and $244 million of cash dividends. On August 26, 2025, our Board of Directors approved an additional $60.0 billion to our share repurchase authorization, without expiration.”
“If geopolitical issues subside, we should ship $2 (billion) to $5 billion in H20 revenue in Q3 and if we had more orders, we can bill more. Every license sale we make will benefit the U.S. economy and U.S. leadership in highly competitive markets,” Kress stated back in July.
NVIDIA’s guidance for Q3 of fiscal 2026 projects revenue of $54.0 billion, with a possible variation of 2%. The company has not included any H20 shipments to China in its current forecast.
Following the earnings release, NVIDIA shares fell slightly due to mild investor disappointment after a stellar year for the chipmaker.
By CEO NA Editorial Staff
