Laptop chip producer Nvidia reported its monetary outcomes for the second quarter of its 2026’s fiscal yr, beating Wall Avenue expectations for revenues and earnings per share (EPS).
Nvidia reported Q2 income of $46.7 billion, a 6% rise over the previous quarter, and over $26.4 billion in web revenue. The corporate’s income was up by 56% from the earlier yr, according to Wednesday’s announcement.
The corporate 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 corporate 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 reviews zero H20 gross sales to China
Nvidia addressed issues over its China enterprise in its newest earnings report, saying gross sales of its H20 processor had not reached the nation. “There have been no H20 gross sales to China-based prospects within the second quarter,” the corporate mentioned.
The H20 processor is a weaker model of Nvidia’s H100 chip designed for the Chinese language market in compliance with present US laws across the export of high-performance laptop chips utilized in AI purposes.
In January, US President Donald Trump’s administration introduced it was in search of to tighten export controls on Nvidia H20 gross sales to China on account of “nationwide safety” issues.
The Trump administration adopted by and imposed strict export controls, which included export licenses and charges totaling about $5.5 billion, bringing H20 chips sure for China to a screeching halt.
Nevertheless, 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.
