Overview

• Revenue rose to $46.7 billion, up 56% year over year, with net income about $26.4 billion and adjusted EPS of $1.05 beating forecasts.
• Data‑center sales reached $41.1 billion, a hair below estimates, with roughly half from major cloud providers as compute revenue slipped 1% sequentially on a $4 billion H20 decline.
• Nvidia guided third‑quarter revenue to about $54 billion, plus or minus 2%, and the forecast assumes no shipments of H20 chips to China.
• The company recorded no H20 sales to China in Q2 and said $2 billion to $5 billion could ship next quarter depending on U.S. export licenses.
• Nvidia announced a new $60 billion buyback as shares fell roughly 2%–3% after the report, with strong Blackwell demand balanced by uncertainty over a U.S. plan to take 15% of certain China AI chip sales that has not yet been codified.