NVDA Q2 2026 Earnings
Reported Aug 27, 2025 at 4:22 PM ET · SEC Source
Q2 26 EPS
$1.05
BEAT +3.96%
Est. $1.01
Q2 26 Revenue
$46.74B
vs S&P Since Q2 26
+1.7%
BEATING MARKET
NVDA +12.8% vs S&P +11.1%
Market Reaction
Did NVDA Beat Earnings? Q2 2026 Results
NVIDIA delivered another strong quarter in Q2 fiscal 2026, reporting earnings per share of $1.05 against a consensus estimate of $1.01, a beat of 3.96%, while revenue surged 55.6% year-over-year to $46.74 billion as insatiable demand for AI infrastru… Read more NVIDIA delivered another strong quarter in Q2 fiscal 2026, reporting earnings per share of $1.05 against a consensus estimate of $1.01, a beat of 3.96%, while revenue surged 55.6% year-over-year to $46.74 billion as insatiable demand for AI infrastructure continued to drive the business forward. The single most consequential engine behind the results was Data Center, which generated $41.10 billion in revenue, up 56% year-over-year, with Blackwell architecture scaling rapidly and networking revenue nearly doubling to $7.25 billion on the strength of NVLink, InfiniBand, and Ethernet for AI deployments. A one-time $180 million release of previously reserved H20 inventory provided a modest tailwind to gross margins, which came in at 72.4% on a GAAP basis. The broader enthusiasm surrounding AI infrastructure spending, underscored by major cloud operators committing to aggressive data center expansion, reinforces the demand backdrop supporting NVIDIA's trajectory. Looking ahead, management guided Q3 revenue to $54.00 billion, a figure that points to continued acceleration as Blackwell Ultra ramps and non-GAAP gross margins are expected to recover toward the mid-70% range by fiscal year-end.
Key Takeaways
- • Strong demand for accelerated computing platforms for large language models, recommendation engines, and generative and agentic AI applications
- • Blackwell architecture revenue grew 17% sequentially including Blackwell Ultra
- • Large cloud service providers represented approximately 50% of Data Center revenue
- • NVLink compute fabric, XDR InfiniBand, and Ethernet for AI drove 98% YoY networking growth
- • Strong adoption of self-driving platforms drove 69% YoY automotive growth
- • GeForce RTX 5060 became NVIDIA's fastest-ramping x60-class GPU ever
- • $180 million release of previously reserved H20 inventory from unrestricted H20 sales outside China
NVDA YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
NVDA Revenue by Segment
With YoY comparisons, source: SEC Filings
“Blackwell is the AI platform the world has been waiting for, delivering an exceptional generational leap — production of Blackwell Ultra is ramping at full speed, and demand is extraordinary.”
— Jensen Huang, Q2 2026 Earnings Press Release
NVDA Earnings Trends
NVDA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
NVDA EPS Trend
Earnings per share: estimate vs actual
NVDA Revenue Trend
Quarterly revenue: estimate vs actual
NVDA Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.52 | $1.62 | +6.58% | $68.13B | — |
| FY Full Year | — | $4.77 | — | $215.94B | — |
| Q3 26 BEAT | $1.24 | $1.30 | +4.84% | $57.01B | — |
| Q2 26 BEAT | $1.01 | $1.05 | +3.96% | $46.74B | — |
| Q1 26 BEAT | $0.75 | $0.81 | +8.00% | $44.06B | — |