Nvidia’s Q2 Results: A Mixed Bag Despite a $46.7B Revenue Surge
Nvidia, the AI chip behemoth, has reported its second-quarter fiscal 2026 revenue at a whopping $46.7 billion. This marks a 6% increase from the previous quarter and a significant 56% growth year-over-year. Despite these impressive figures, the results did not meet certain investor expectations, leading to a dip in shares in after-market trading, even though the earnings estimates were surpassed.
The company’s adjusted earnings per share were reported at $1.05, which is above the average market estimate of $1.01. The revenue also slightly outperformed the projected market consensus of $46.23 billion. A key contributor to this growth was Nvidia’s Data Center revenue, which saw a 17% sequential growth, thanks to the robust demand for its Blackwell AI chips.
As we look towards the future, Nvidia has projected a third-quarter revenue of $54.0 billion, with a margin of error of 2%. In addition, the company has announced a substantial $60 billion share buyback program. Despite these strong fundamentals, investors seem to be apprehensive about the growth rate, given the heightened expectations from the AI market leader.
Source: Nvidia’s official news