Earnings Call
May 20, 2026
Q2 FY2026
EPS Estimate
1.76
EPS Actual
1.05
Post-Earnings Close
$219.51
Earnings Reaction
-1.8%
Nvidia's fiscal Q2 2026 results landed with another record quarter, but the more consequential story is the scale of what is being built and the pace at which the company is pulling forward its product roadmap. Revenue of $46.7 billion grew 56% year over year, with data center remaining the overwhelming engine of growth despite absorbing a $4 billion sequential headwind from H20 export restrictions to China. The Blackwell platform reached record levels, growing 17% sequentially, and the GB300 transition, a meaningful architectural step, was executed with minimal disruption, with full production now running at approximately 1,000 racks per week and expected to accelerate through Q3. Networking delivered a standout result of $7.3 billion, up 98% year on year, with Spectrum X Ethernet alone now running at an annualized rate exceeding $10 billion, a business that barely existed eighteen months ago.
Report generated on May 19, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
Read the full NVDA analysis
The complete report, with key themes, analyst Q&A summary, notable quotes, and market context — is free with an account. No password, no card.