Nvidia surpasses revenue and EPS expectations for Q2 of fiscal year 2026, reporting $46.7 billion in revenue, a 6% increase from the previous quarter, and $1.08 EPS using GAAP accounting. The company’s profit margin for the quarter was around 72.4%, with a net income of over $26.4 billion.

Nvidia’s stock price drops by 3.3% in after-hours trading, despite the company maintaining its position as the world’s largest publicly traded company with a market capitalization exceeding $4.4 trillion. The company’s importance to the US government due to its AI and computing chip manufacturing capabilities is highlighted.

Nvidia confirms no sales of its H20 processor to China in Q2, addressing concerns over potential export restrictions imposed by the Trump administration earlier in the year. The administration had sought to tighten controls on H20 chip sales to China citing national security implications, but later reversed its stance, allowing sales to resume with conditions.

Read more at Cointelegraph: Nvidia Revenue Surges 56%, Despite Zero H20 Processor Sales to China