What Do We Know About Nvidia’s Q2 Earnings?
Nvidia reported its earnings for the second quarter of 2026 on Wednesday. The company reported $96.2 billion in revenue for the second quarter, up 106% from the previous year, beating Wall Street’s forecasts of $92.2 billion. Net income rose to $59.7 billion from $26.4 billion last year, and the company projected $108 billion in revenue for the current quarter—again beating analyst expectations of around $104.2 billion.
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What Did The Chipmaker Say In Its Earnings Call?
In its earnings call, the company said it expects a 70% jump in sales in the next fiscal year. The company’s billionaire CEO, Jensen Huang, suggested that the 70% projection was conservative and largely due to supply chain constraints. He said: “Even though our demand is much greater than 70%, our supply allows us to confidently deliver 70%. We are going to continue to work with our supply chain to increase on that.”
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further reading
Nvidia Posts $96 Billion Quarter As AI Boom Powers 106% Growth In A Year (Forbes)
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