The earnings call reflects a strong quarter marked by record revenue and significant growth in data center, networking, and gaming sectors. However, geopolitical challenges in China and increased operating expenses present some concerns. Overall, the positive aspects significantly outweigh the negative ones.

Company Guidance

During NVIDIA Corporation's Second Quarter Fiscal 2026 Financial Results Conference Call, Colette Kress, the executive vice president and CFO, reported a record quarter with total revenue hitting $46.7 billion, surpassing outlook expectations. The data center segment saw a 56% year-over-year growth, despite a $4 billion decline in H20 revenue. The Blackwell platform achieved record levels with a 17% sequential growth, and production shipments of GB300 commenced in Q2. NVIDIA anticipates $3 to $4 trillion in AI infrastructure spending by the decade's end, presenting significant long-term growth opportunities. The company has achieved a 10x improvement in energy efficiency per token with the GV300 NDL72 AI factories compared to the Hopper generation. The Rubin platform is on schedule for volume production next year, with multiple components, including the Vera CPU and Rubin GPU, in fabrication. For Q3, NVIDIA projects a total revenue of $54 billion, with a plus or minus 2% variance, and expects non-GAAP gross margins to be around 73.5%. The company's focus is on addressing geopolitical issues, particularly regarding H20 sales to China, and it continues to advocate for US government approval to sell the Blackwell platform in China.

Record Revenue Achievement

Total revenue reached $46.7 billion, exceeding outlook with a sequential growth across all market platforms.

Data Center Revenue Growth

Data Center revenue increased by 56% year over year, despite a $4 billion decline in H20 revenue.

Blackwell Platform Success

Blackwell platform achieved record levels, with a sequential growth of 17%.

AI Infrastructure Opportunities

Projected $3 to $4 trillion in AI infrastructure spend by the end of the decade, signaling significant long-term growth opportunities.

Networking Revenue Surge

Networking delivered a record revenue of $7.3 billion, a 46% sequential and 98% year-on-year increase.

Gaming Revenue Growth

Gaming revenue was a record $4.3 billion, a 14% sequential increase and a 49% jump year on year.

Sovereign AI Expansion

Over $20 billion in Sovereign AI revenue anticipated this year, more than double that of last year.

AI Platform Leadership

NVIDIA's AI platforms, including Blackwell and Rubin, are scaling into the global AI factory build-out through the end of the decade.

Nvidia (NVDA) Earnings, Revenues Date & History

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NVDA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 19, 2025	2026 (Q3)	1.24 / -	0.81	―	―	―
Aug 27, 2025	2026 (Q2)	1.01 / 1.05	0.68	54.41% (+0.37)	―
May 29, 2025	2026 (Q1)	0.74 / 0.81	0.612	32.35% (+0.20)
Feb 26, 2025	2025 (Q4)	0.85 / 0.89	0.516	72.48% (+0.37)
Nov 20, 2024	2025 (Q3)	0.75 / 0.81	0.402	101.49% (+0.41)
Aug 28, 2024	2025 (Q2)	0.65 / 0.68	0.27	151.85% (+0.41)
May 22, 2024	2025 (Q1)	0.56 / 0.61	0.109	461.47% (+0.50)
Feb 21, 2024	2024 (Q4)	0.46 / 0.52	0.088	486.36% (+0.43)
Nov 21, 2023	2024 (Q3)	0.34 / 0.40	0.058	593.10% (+0.34)
Aug 23, 2023	2024 (Q2)	0.21 / 0.27	0.051	429.41% (+0.22)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NVDA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 27, 2025	$181.60	$180.17	-0.79%
May 29, 2025	$139.18	$135.12	-2.92%
Feb 26, 2025	$131.26	$120.13	-8.48%
Nov 20, 2024	$145.86	$146.64	+0.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.