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NVIDIA's performance exceeded expectations, revenue outlook appears slightly lackluster, and a $60 billion buyback is planned.
Jin10 data reported on August 28, NVIDIA (NVDA.O) recorded a revenue of $46.7 billion for Q2 of fiscal year 2026, with market expectations at $46 billion. In addition, the company approved an additional $60 billion stock buyback. NVIDIA provided a modest outlook for Q3 revenue at $54 billion, with a fluctuation of 2%, while market expectations were at $53.46 billion, raising concerns about the slowing growth of massive spending in the artificial intelligence sector. Additionally, headwinds in H20 added uncertainty to its outlook. The data center business is NVIDIA’s core growth engine, with Q2 data center revenue growing 56% year-on-year to $41.1 billion. Currently, cloud service providers are purchasing the company’s latest generation Blackwell chips, and NVIDIA stated that Q2 sales of Blackwell chips increased by 17% compared to the first quarter. NVIDIA’s U.S. stock briefly fell 5% after hours.