Overview

• Nvidia posted fiscal Q2 revenue of $46.743 billion, topping a consensus near $46 billion and extending its rapid growth in AI infrastructure sales.
• Net income rose 59% year over year to $26.422 billion for the May–July period.
• For fiscal Q3, the company forecast roughly $54 billion in revenue with a plus-or-minus 2% range, assuming no shipments of H20 chips to China.
• Nvidia said it recorded no advanced H20 sales to China in Q2, and several banks have noted that any resumption could add billions of dollars to future revenue.
• CEO Jensen Huang highlighted extraordinary demand and the ramp of Blackwell Ultra, while investors had positioned cautiously ahead of the release given Nvidia’s outsized market impact.