"has been continuously delivering higher and higher gains, and its quarterly earnings reports have exceeded earnings expectations longer than any bull would have imagined two years ago. But today, many think that NVDA stock may be at a crossroads and can plateau and fall due to the perception that AI progress is slowing down, and the ostensible bubble may burst. It's not improbable, though each time Nvidia was supposed to slow down, it doubled in value."
"Q2 Fiscal 2026 delivered $46.7 billion in revenue, up 56% year-over-year. This was the 9th consecutive quarter of 50%+ YOY growth, but it also had the slowest growth rate in that stretch. Data center revenue, the engine of Nvidia, missed expectations and came in at $41.1 billion vs. $43.3 billion expected. The company guided Q3 revenue to $54 billion, implying 54% YOY growth, but explicitly excluded any H20 sales to China from that forecast."
Nvidia reported Q2 Fiscal 2026 revenue of $46.7 billion, up 56% year-over-year, marking the ninth consecutive quarter with 50%+ YOY growth while showing the slowest growth rate in that streak. Data center revenue missed expectations at $41.1 billion versus $43.3 billion expected. The company guided Q3 revenue to $54 billion, implying 54% YOY growth while excluding any H20 sales to China from the forecast. Gross margins remain high at 72.7% (non-GAAP), with expectations to exit FY26 in the mid-70s due to the Blackwell platform ramp. China business collapsed amid export controls and H20 approval conditions.
Read at 24/7 Wall St.
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