Overview

• Nvidia reported Q2 revenue of about $46.7 billion, up roughly 56% year on year, and net profit of around $26.4 billion, reflecting continued AI chip demand.
• The company forecast approximately $54 billion in revenue for the current quarter and said it still expects zero H20 shipments to China, keeping any potential sales there out of guidance.
• Data-center revenue was about $41.4 billion, slightly below some expectations, and the stock fell roughly 2% to 4% after hours as investors digested the results.
• Nvidia disclosed no H20 sales to Chinese customers last quarter and expects none this quarter, redirecting roughly $650 million of H20 systems to a non‑China buyer as Chinese authorities caution against its chips.
• Management cited strong uptake of Blackwell products, while analysts point to hyperscaler capital spending, clarity on China, and progress on the Rubin/Vera roadmap as the key near-term stock drivers.