Nvidia reports no H20 sales to China-based customers in Q2

Nvidia (NVDA) said: “There were no H20 sales to China-based customers in the second quarter. NVIDIA benefited from a $180M release of previously reserved H20 inventory, from approximately $650M in unrestricted H20 sales to a customer outside of China. For the quarter, GAAP and non-GAAP gross margins were 72.4% and 72.7%, respectively. Excluding the $180M release, non-GAAP gross margin for the quarter would have been 72.3%. For the quarter, GAAP and non-GAAP earnings per diluted share were $1.08 and $1.05, respectively. Excluding the $180M release and related tax impact, non-GAAP diluted earnings per share for the quarter would have been $1.04.”