Q2 2026 NVIDIA Corp Earnings Call Transcript
Key Points
- NVIDIA Corp (NVDA) reported record revenue of $46.7 billion for the second quarter of fiscal 2026, exceeding expectations.
- Data center revenue grew 56% year over year, driven by strong demand for AI infrastructure.
- The company began production shipments of the GB300, with a seamless transition for major cloud service providers.
- NVIDIA's Blackwell Ultra platform generated tens of billions in revenue, setting a new standard for AI inference performance.
- Networking revenue reached a record $7.3 billion, with strong demand for Spectrum-X Ethernet and InfiniBand solutions.
- Geopolitical issues have impacted NVIDIA's ability to ship H20 products to China, affecting potential revenue.
- The company faces challenges with US government regulations regarding sales to China, creating uncertainty in the market.
- Operating expenses increased due to higher compute and infrastructure costs, as well as compensation and benefits.
- NVIDIA's Q3 outlook does not include H20 shipments to China, potentially limiting revenue growth.
- The company is navigating a highly competitive market with several large customers planning ASIC projects, posing a threat to NVIDIA's GPU dominance.
Good afternoon. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to NVIDIA's second-quarter fiscal 2026 financial results conference call. (Operator Instructions)
Toshiya Hari, you may begin your conference.
Thank you. Good afternoon, everyone, and welcome to NVIDIA's conference call for the second quarter of fiscal 2026. With me today from NVIDIA are Jensen Huang, President and Chief Executive Officer; and Colette Kress, Executive Vice President and Chief Financial Officer.
I'd like to remind you that our call is being webcast live on NVIDIA's Investor Relations website. The webcast will be available for replay until the conference call to discuss our financial results for the third quarter of fiscal 2026. The content of today's call is NVIDIA's property. It can't be reproduced or transcribed without our prior written consent.
During this call, we may make forward-looking statements based on current expectations. These are
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