27 Aug 2026

Nvidia Q2 earnings double beat & raise

Adj. EPS: $2.22 (vs $2.10 est) ✅ Revenue: $96.2B (Est. $92.2B) p; +106% YoY Adj. EPS: $2.22 (Est. $2.10) r; +120% YoY Data Center: $89.0B (Est. $85.8B) t; +117% YoY Adj Gross Margin: 75.0% (Est. 75%) n; +250 bps YoY Q3 Guide: Revenue: $108.0B +/- 2% (Est. $104.2B) Adj Gross Margin: 74.0% +/- 50 bps Adj OpEx: ~$9.0B Segment Revenue: Data Center: $89.0B; +117% YoY Edge Computing: $7.2B; +27% YoY Financials: Adj Operating Income: $64.0B; +124% YoY Adj OpEx: $8.2B; +54% YoY Adj Net Income: $54.0B; +118% YoY Free Cash Flow: $21.3B Cash & Cash Equivalents: $22.4B Short-Term Debt: $1.0B Long-Term Debt: $32.4B Capital Return: ( Shareholder Returns: ~$26.0B in Q2 + Remaining Authorization: ~$99.0B Key Updates: GAAP-to-non-GAAP adjustment includes $7.8B of net gains from equity securities Outlook assumes no Data Center compute revenue from China Vera Rubin is ramping into full production with racks running at partners 🟢 Comments: “AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue.” “The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment.” Source: App Economy Insights, Wall St Engine

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