Overview

• Nvidia posted fiscal Q2 revenue of about $46.7 billion, up 56%, with adjusted EPS of $1.05 as data center sales reached $41.1 billion but showed the smallest sequential gain in several quarters.
• Q3 revenue guidance of roughly $54 billion excludes potential China shipments; the company sold no H20 chips to China in the quarter and reported China (including Hong Kong) revenue fell 24% to $2.8 billion.
• The company cited ongoing export and regulatory hurdles, including a U.S. request for a 15% cut of H20 revenue that has not been formalized and Chinese authorities questioning potential product vulnerabilities.
• CEO Jensen Huang reiterated long‑term AI demand, projecting $3 trillion to $4 trillion in infrastructure spending by decade’s end, and signaled openness to revenue‑sharing on future Blackwell sales to access China, as reported.
• Shares slipped after the report and fell about 3% on Friday as analysts flagged softer sequential data center momentum and China risk; Nvidia announced a roughly $60 billion share buyback to bolster investor confidence.