Nvidia reported Q2 fiscal 2026 revenue of $46.7 billion and net income of roughly $26.4 billion, beating Wall Street estimates. The quarter included a 56% year-over-year revenue increase and confirmed no H20 sales to China during the period, amid evolving US export controls.
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$46.7B Q2 revenue; 56% YoY growth
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Net income about $26.4B and GAAP EPS $1.08 (non-GAAP $1.05)
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Company confirmed zero H20 sales to China in Q2; export policy updates impacted cross-border shipments
Meta description: Nvidia Q2 revenue hits $46.7B, beating estimates; read concise analysis, H20 China sales update, and key takeaways. Stay informed with COINOTAG.
The company has posted $46.7 billion in revenue for the quarter, despite restrictive export controls from the US-China trade war.
Computer chip manufacturer Nvidia reported its financial results for the second quarter of its 2026 fiscal year, beating Wall Street expectations for revenues and earnings per share (EPS).
Nvidia reported Q2 revenue of $46.7 billion, a 6% rise over the previous quarter, and over $26.4 billion in net income. The company’s revenue was up by 56% from the previous year, according to Wednesday’s announcement.
The company disclosed EPS of $1.08, using GAAP accounting, and $1.05 EPS for non-GAAP. Nvidia also posted a profit margin of around 72.4% for the quarter.
Shares of Nvidia sank by about 3.3% in after-hours trading Wednesday.

Nvidia’s stock price slides modestly in after-hours trading. Source: TradingView
Nvidia is the world’s largest publicly traded company, with a market capitalization of over $4.4 trillion at this writing. The company is the leading manufacturer of artificial intelligence and computing chips, and has also grown to have geo-strategic importance for the US government.
What are the headline figures for Nvidia Q2 revenue and earnings?
Nvidia Q2 revenue was $46.7 billion, marking a 56% year-over-year increase and a 6% sequential rise. Net income ran about $26.4 billion, with GAAP EPS of $1.08 and non-GAAP EPS of $1.05, producing a reported profit margin near 72.4% for the quarter.
How did export controls influence H20 sales to China?
Nvidia confirmed there were no H20 sales to China-based customers in Q2. US export restrictions and licensing requirements paused shipments earlier in the year. Reported export-related fees and licensing measures affected the flow of H20-class chips, and subsequent policy revisions introduced revenue-sharing conditions for resumed sales.
In recent months, policy adjustments allowed conditional resumption of H20 shipments with requirements including a revenue-share provision of around 15% for qualifying sales, following an earlier period when export licenses and fees disrupted deliveries.
Frequently Asked Questions
Why did Nvidia shares fall after the earnings beat?
Shares fell about 3.3% in after-hours trading despite the beat, driven by investor focus on near-term guidance, policy uncertainty around H20 sales to China, and profit-taking after strong prior gains.
How significant is the H20 to H100 product differentiation?
The H20 is a throttled variant of the H100 aimed at compliance with export rules. It carries lower performance limits, designed to address national security concerns while enabling limited commercial deployment.
Key Takeaways
- Revenue strength: $46.7B in Q2 with 56% YoY growth indicates robust demand for AI chips.
- Profitability: Net income ~ $26.4B and strong margins reflect high-margin AI product mix.
- Geopolitical risk: Zero H20 sales to China in Q2 and conditional export rules remain a material factor for future revenue.
Conclusion
COINOTAG reporting: Nvidia’s Q2 fiscal 2026 results show continued dominance in AI hardware with $46.7 billion in revenue and strong profitability. Export policy and H20 licensing remain key variables to monitor. Follow COINOTAG for updates and in-depth analysis as policies and market reactions evolve.