NVIDIA (NVDA) Tops Q2 EPS by 3c, Offers Guidance

NVIDIA (NASDAQ: NVDA) reported Q2 EPS of $1.04, $0.03 better than the analyst estimate of $1.01. Revenue for the quarter came in at $46.7 billion versus the consensus estimate of $46.1 billion.

GUIDANCE:

NVIDIA sees Q3 2026 revenue of $54 billion, versus the consensus of $53.46 billion.

• Revenue is expected to be $54.0 billion, plus or minus 2%. The company has not assumed any H20 shipments to China in the outlook.
• GAAP and non-GAAP gross margins are expected to be 73.3% and 73.5%, respectively, plus or minus 50 basis points. The company continues to expect to exit the year with non-GAAP gross margins in the mid-70% range.
• GAAP and non-GAAP operating expenses are expected to be approximately $5.9 billion and $4.2 billion, respectively. Full year fiscal 2026 operating expense growth is expected to be in the high-30% range.
• GAAP and non-GAAP other income and expense are expected to be an income of approximately $500 million, excluding gains and losses from non-marketable and publicly-held equity securities.
• GAAP and non-GAAP tax rates are expected to be 16.5%, plus or minus 1%, excluding any discrete items.

For earnings history and earnings-related data on NVIDIA (NVDA) click here.

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