- Nvidia press release (NASDAQ:NVDA): Q2 Non-GAAP EPS of $1.05 beats by $0.04.
- Revenue of $46.74B (+55.6% Y/Y) beats by $610M.
- Data Center revenue of $41.1 billion, up 5% from Q1 and up 56% from a year ago
- Blackwell Data Center revenue grew 17% sequentially.
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NVIDIA’s outlook for the third quarter of fiscal 2026 is as follows:
- Revenue is expected to be $54.0 billion vs. consensus of $52.76B, plus or minus 2%. The company has not assumed any H20 shipments to China in the outlook.
- GAAP and non-GAAP gross margins are expected to be 73.3% and 73.5%, respectively, plus or minus 50 basis points. The company continues to expect to exit the year with non-GAAP gross margins in the mid-70% range.
- GAAP and non-GAAP operating expenses are expected to be approximately $5.9 billion and $4.2 billion, respectively. Full year fiscal 2026 operating expense growth is expected to be in the high-30% range.
- GAAP and non-GAAP other income and expense are expected to be an income of approximately $500 million, excluding gains and losses from non-marketable and publicly-held equity securities.
- GAAP and non-GAAP tax rates are expected to be 16.5%, plus or minus 1%, excluding any discrete items.
- Shares -1.1% AH.
Nvidia Non-GAAP EPS of $1.05 beats by $0.04, revenue of $46.74B beats by $610M
