Nvidia Beats On Revenue And EPS; Guides Above Street, Adds $60B Buyback
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- Q2 FY2026 revenue $46.7B (+56% y/y) and adj. EPS $1.05 vs. ~$46.5B and $1.02 expected.
- Guides Q3 revenue to $54B ±2%, above estimates (~$53.1B–$53.8B).
- Data Center revenue $41.1B; Blackwell data-center sales up 17% q/q; stock fell ~2–3% after hours as investors weighed mix.
- Board approved an additional $60B share-repurchase authorization (no expiration).
- Outlook excludes uncertain China H20 contributions amid export and demand questions.
Nvidia cleared the bar on both the top and bottom lines, posting $46.7B in revenue and $1.05 in adjusted EPS for Q2 FY2026—slightly ahead of consensus—marking another quarterly sales record. The company said Data Center reached $41.1B, and early Blackwell shipments grew sequentially, underscoring demand as hyperscalers keep building AI capacity.
For the October quarter, Nvidia guided revenue to $54B (±2%), topping Street models and signaling continued strength even as growth normalizes from triple-digit levels. Management also emphasized a fortified capital-return plan: the board approved a fresh $60B buyback authorization without expiration, layered on top of repurchases completed year-to-date.
Shares edged lower after hours as traders zeroed in on data-center mix and China visibility. Nvidia noted its outlook does not assume revenue from China-specific H20 chips given regulatory and market uncertainty—one reason investors are parsing near-term upside despite a headline beat and healthy guide.
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