NVIDIA Posts $46.7 Billion Q2 Revenue, Greenlights $60B Share Buyback

Details

• NVIDIA reported Q2 fiscal 2026 revenue of $46.7 billion, representing a 6% increase quarter-over-quarter and a 56% jump year-over-year, fueled by robust performance in the Data Center segment and rapid adoption of Blackwell systems.
• No H20 chips were sold to China this quarter due to ongoing U.S. export controls, but NVIDIA recognized $180 million from releasing previously reserved H20 inventory through sales outside of China.
• Blackwell Data Center revenue surged 17% sequentially, with CEO Jensen Huang noting that Blackwell Ultra production is ramping rapidly to meet strong demand for next-generation AI platforms focused on reasoning models.
• Gaming revenue climbed to $4.3 billion, up 49% year-over-year, driven by the successful launch of the GeForce RTX 5060—NVIDIA's fastest-ramping x60-class GPU to date—while Professional Visualization and Automotive segments expanded by 32% and 69%, respectively.
• The board authorized an additional $60 billion for share repurchases on August 26, 2025, lifting NVIDIA’s total buyback capacity to $74.7 billion; the company has already returned $24.3 billion to shareholders in the first half of fiscal 2026.

Impact

NVIDIA’s stellar results underscore ongoing global demand for AI infrastructure, with Blackwell driving its leadership into the next era of compute-intensive reasoning models. The record $60 billion buyback underscores conviction in sustained growth and financial strength. Yet the absence of H20 sales to China highlights escalating geopolitical and trade complexities that may limit expansion in key international markets.