Overview

• Nvidia reported record quarterly revenue of $46.7 billion and adjusted EPS of $1.05, beating Wall Street estimates.
• Data center revenue reached $41.1 billion, just below the roughly $41.3 billion consensus, with compute sales down 1% sequentially after a $4 billion decline in H20 shipments.
• The company guided October‑quarter revenue to $54 billion plus or minus 2%, above consensus, and explicitly excluded any H20 sales to China.
• Nvidia said it recorded no H20 revenue from China in Q2 and noted the U.S. plan to take a 15% cut on certain China chip sales has not been codified; management said $2–$5 billion of H20 could ship next quarter if licensing clears.
• Management authorized an additional $60 billion in stock buybacks, shares fell roughly 2%–4% in extended and early trading, and CEO Jensen Huang said demand for Blackwell chips is “extraordinary” as analysts debate signs of moderating growth.