Computer chip manufacturer Nvidia reported its financial results for the second quarter of its 2026’s fiscal 365 days, beating Wall Street expectations for revenues and earnings per share (EPS).
Nvidia reported Q2 earnings of $46.7 billion, a 6% upward thrust over the earlier quarter, and over $26.4 billion in gain profits. The firm’s earnings changed into up by 56% from the earlier 365 days, according to Wednesday’s announcement.
The firm disclosed EPS of $1.08, utilizing GAAP accounting, and $1.05 EPS for non-GAAP. Nvidia additionally posted a profit margin of around 72.4% for the quarter.
Shares of Nvidia sank by about 3.3% in after-hours trading Wednesday.
Nvidia is the enviornment’s largest publicly traded firm, with a market capitalization of over $4.4 trillion at this writing. The firm is the leading manufacturer of man made intelligence and computing chips, and has additionally grown to delight in geo-strategic significance for the US govt.
Nvidia reports zero H20 sales to China
Nvidia addressed concerns over its China exchange in its newest earnings describe, pronouncing sales of its H20 processor had no longer reached the nation. “There had been no H20 sales to China-essentially based prospects in the second quarter,” the firm said.
The H20 processor is a weaker model of Nvidia’s H100 chip designed for the Chinese market in compliance with existing US rules all over the export of excessive-performance computer chips venerable in AI applications.
In January, US President Donald Trump’s administration launched it changed into seeking to tighten export controls on Nvidia H20 sales to China attributable to “nationwide safety” concerns.
The Trump administration adopted thru and imposed strict export controls, which included export licenses and costs totaling about $5.5 billion, bringing H20 chips sure for China to a screeching pause.
Nonetheless, the administration reversed its stance in August, allowing H20 chip sales to China to renew on the condition that Nvidia affords the US govt 15% of the earnings from the chips offered to the China.
