Overview

• Second-quarter revenue rose to $46.7 billion with adjusted EPS of $1.05, as data center sales reached $41.1 billion and narrowly missed some forecasts.
• Nvidia projected third-quarter revenue of about $54 billion, plus or minus 2%, and the forecast assumes no H20 shipments to China.
• The company reported zero H20 sales to China in Q2 and redirected $650 million of those chips to a non-restricted customer, releasing a $180 million inventory reserve.
• Shares fell roughly 3% in after-hours trading as sequential data center growth moderated and China demand and licensing remained unclear, even with strong Blackwell uptake.
• The board approved an additional $60 billion in share buybacks as export terms, including a reported 15% U.S. take on China chip revenue, remain unresolved.