Blackwell-led growth is accelerating, while China H20 remains excluded from Q3 guidance.
| Quarter | Q2 FY26 |
|---|---|
| Length | 60 minutes |
| EPS | $0.99 |
| EPS consensus | $0.94 |
Nvidia reported Q2 revenue of 46.7 billion, exceeding its outlook, with data center revenue up 56% year over year. Blackwell Ultra generated tens of billions in revenue, while production reached approximately 1,000 racks per week. Nvidia guided Q3 revenue to 54 billion plus or minus 2%, excluding H20 shipments to China. Management cited geopolitical uncertainty, higher operating expenses, and increased Blackwell Ultra inventory as ongoing considerations.
What changed, guidance prior to now, analyst Q&A candor and the case for and against are part of Core.
Other quarters: Q2 FY27 · Q1 FY27 · Q4 FY26 · Q3 FY26 · Q1 FY26 · Q1 FY25
Read the full Q2 FY26 earnings call transcript
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Transcript produced by Signals.AI from the company's own earnings call audio. Not personalized investment advice.