Nvidia has managed to overcome by a narrow margin the forecasts of analysts with their results of the second fiscal quarter of 2026.
The artificial intelligence giant has put income for the second quarter, ended on July 27, 2025, of 46,743 million dollars, 6% more than the previous quarter and 56% more than in the same period last year. Analysts had waited 46,000 million dollars.
As Nvidia has broken down, the income of the Nvidia Blackwell Data Center grew by 17%. No sales from H20 were recorded to China’s headquarters during the second quarter. However, the company benefited from the release of 180 million dollars of previously reserved chip inventory, from approximately 650 million dollars in H20 sales without restrictions on a customer outside China.
For the quarter, the gross margins GAAP (accounting principles generally accepted by its acronym in English) and not Gaap were 72.4% and 72.7%, respectively. Excluding the release of 180 million dollars, the gross margin no gaap for the quarter would have been 72.3%.
In this way, the gains per diluted Gaap and non -gaap action were 1.08 and $ 1.05, respectively, compared to $ 1.01 expected by analysts. Excluding the release of 180 million dollars and the related fiscal impact, the gains per share diluted non -gaap of the quarter would have been $ 1.04.
“Blackwell is the AI platform that the world has been waiting, offering an exceptional generational leap: Blackwell Ultra production is booming and demand is extraordinary, ”he said Jensen Huang, founder and CEO of Nvidia. «Rack Nvlink Rack Computing is revolutionary and comes just in time, since reasoning models drive increases in magnitude orders in training and inference performance. The AI race has begun, and Blackwell is the central platform.»
Regarding forecasts For the third quarter, Nvidia that revenues reach 54,000 million dollarswith a variation of 2%. The company has not planned H2O shipments to China in its prospects for this period.
It also provides that the gross margins, both Gaap and Non -Gaap, be 73.3% and 73.5%, respectively, with a variation of 50 basic points. The company is still waiting to close the year with gross margins no gaap around 70%.
Nvidia shares move with decreases of 2.4% in the market after hours After broken down these accounts.
Dividend in October
During the first semester of fiscal year 2026, NVIDIA returned 24.3 billion dollars to shareholders in the form of repurchased shares and cash dividends. At the end of the second quarter, the company had $ 14.7 billion under its authorization to repurchase shares. On August 26, 2025, the Board of Directors approved an additional authorization from company shares for an amount of 60,000 million dollarswithout expiration.
Nvidia will pay your next quarterly cash of $ 0.01 per share on October 2, 2025 to all shareholders registered on September 11, 2025.