Nvidia reported better-than-expected earnings and revenue on Wednesday, and said sales growth this quarter will remain above 50%, signaling to Wall Street that demand for artificial intelligence infrastructure shows no sign of fading.
The stock slipped in extended trading as data center revenue came up short of estimates for the second quarter in a row.
Here's how the company did, compared with estimates from analysts polled by LSEG:
Earnings per share : $1.05 adjusted vs. $1.01 estimated
: $1.05 adjusted vs. $1.01 estimated Revenue: $46.74 billion vs. $46.06 billion estimated
The company said it expects revenue this quarter to be $54 billion, plus or minus 2%, though that number does not assume any H20 shipments to China. Analysts were expecting revenue of $53.1 billion, according to LSEG.
The company's 2026 second quarter results confirmed that Nvidia's data center business remains entrenched in the unprecedented buildout of infrastructure for artificial intelligence.
Overall company revenue rose 56% in the quarter, Nvidia said. Year-over-year revenue has now exceeded 50% for nine straight quarters, dating back to mid-2023, when the generative AI boom started to show up in Nvidia's results. However, the second quarter marked Nvidia's slowest period of growth during that stretch.
During the quarter, after meeting with President Donald Trump, Nvidia signaled that it expected to get U.S. licenses to ship the H20 chip to China, a product that it said cost the company $4.5 billion in write downs and which could have added $8 billion in sales to the second quarter if it had been commercially available during the period.
Nvidia said it sold no H20 chips to China during the quarter, but the company said it benefited from the release of $180 million worth of H20 inventory to a customer outside of China.
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