Computer chip producer Nvidia reported its monetary outcomes for the second quarter of its 2026’s fiscal 12 months, beating Wall Street expectations for revenues and earnings per share (EPS).
Nvidia reported Q2 income of $46.7 billion, a 6% rise over the earlier quarter, and over $26.4 billion in internet revenue. The firm’s income was up by 56% from the earlier 12 months, in accordance to Wednesday’s announcement.
The firm disclosed EPS of $1.08, utilizing GAAP accounting, and $1.05 EPS for non-GAAP. Nvidia additionally posted a revenue margin of round 72.4% for the quarter.
Shares of Nvidia sank by about 3.3% in after-hours buying and selling Wednesday.
Nvidia is the world’s largest publicly traded firm, with a market capitalization of over $4.4 trillion at this writing. The firm is the main producer of synthetic intelligence and computing chips, and has additionally grown to have geo-strategic significance for the US authorities.
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Nvidia experiences zero H20 gross sales to China
Nvidia addressed considerations over its China enterprise in its newest earnings report, saying gross sales of its H20 processor had not reached the nation. “There had been no H20 gross sales to China-based prospects within the second quarter,” the corporate stated.
The H20 processor is a weaker model of Nvidia’s H100 chip designed for the Chinese market in compliance with current US rules across the export of high-performance laptop chips utilized in AI purposes.
In January, US President Donald Trump’s administration introduced it was looking for to tighten export controls on Nvidia H20 gross sales to China because of “nationwide safety” considerations.
The Trump administration adopted by means of and imposed strict export controls, which included export licenses and costs totaling about $5.5 billion, bringing H20 chips sure for China to a screeching halt.
However, the administration reversed its stance in August, permitting H20 chip gross sales to China to renew on the situation that Nvidia offers the US authorities 15% of the income from the chips offered to the China.
