SAEDNEWS: NVIDIA reported record second-quarter fiscal 2026 revenue of $46.7 billion on Aug. 27, driven by a surge in Data Center demand and a sequential 17% rise in Blackwell Data Center sales; the company set third-quarter guidance at $54.0 billion.
According to SaedNews, NVIDIA delivered another landmark quarter as Blackwell-powered systems continued to dominate customer spending, producing consolidated revenue of $46.7 billion — up 56% year-over-year and 6% sequentially — with Data Center revenue contributing $41.1 billion. GAAP gross margin was 72.4% (non-GAAP 72.7%), and GAAP diluted EPS came in at $1.08. Management noted there were no H20 sales to China in the quarter and recorded a $180 million release of previously reserved H20 inventory.
The company signalled continued momentum, guiding Q3 revenue to $54.0 billion (±2%) and forecasting non-GAAP gross margins in the mid-70% range; the board also approved an additional $60.0 billion share-repurchase authorization. Market reaction was mixed as investors weighed China export controls and longer-term demand cadence.
Metric | Q2 FY26 | Q1 FY26 | Q2 FY25 | Q/Q | Y/Y |
|---|---|---|---|---|---|
Revenue | $46,743 | $44,062 | $30,040 | 6% | 56% |
Gross margin | 72.4% | 60.5% | 75.1% | +11.9 pts | -2.7 pts |
Operating income | $28,440 | $21,638 | $18,642 | 31% | 53% |
Net income | $26,422 | $18,775 | $16,599 | 41% | 59% |
Diluted EPS | $1.08 | $0.76 | $0.67 | 42% | 61% |
(Data source: NVIDIA press release and earnings materials.) |
Metric | Q2 FY26 | Q1 FY26 | Q2 FY25 | Q/Q | Y/Y |
|---|---|---|---|---|---|
Revenue | $46,743 | $44,062 | $30,040 | 6% | 56% |
Gross margin | 72.7% | 61.0% | 75.7% | +11.7 pts | -3.0 pts |
Operating income | $30,165 | $23,275 | $19,937 | 30% | 51% |
Net income | $25,783 | $19,894 | $16,952 | 30% | 52% |
Diluted EPS | $1.05 | $0.81 | $0.68 | 30% | 54% |
(Non-GAAP excludes stock-based comp, acquisition costs, H20 charges/releases and related tax impacts.) |
Item | Guidance |
|---|---|
Revenue | $54.0 billion ±2% |
GAAP gross margin | 73.3% (±50 bps) |
Non-GAAP gross margin | 73.5% (±50 bps) |
GAAP operating expenses | ~$5.9 billion |
Non-GAAP operating expenses | ~$4.2 billion |
