Nvidia (NVDA) has once again surpassed expectations, reporting record-breaking revenue of $46.7 billion for Q2 2026, a 56% increase from the previous year. The results were driven by the demand for its AI platforms, with the new Blackwell architecture showing strong early momentum. Citing exceptional demand, CEO Jensen Huang declared, "The AI race is on and Blackwell is the platform at its centre." The company also announced a massive $60 billion addition to its share repurchase authorisation, highlighting its strong financial position and commitment to shareholder returns.
Key Financial Metrics (Q2 FY2026):
● Total Revenue: $46.7 billion, up 56% year-over-year (YoY).
● Data Centre Revenue: $41.1 billion, up 56% YoY, remaining its dominant primary growth engine.
● Earnings Per Share (EPS): $1.05, a 54% YoY increase.
● Shareholder Returns: Returned $24.3 billion to shareholders in the first half of the year through repurchases and dividends.
● Dividend: Declared a quarterly cash dividend of $0.01 per share.
Analysis & Outlook:
Nvidia's recent performance provides a clear justification for its stock's 28% year-to-date surge, demonstrating that the global AI infrastructure build-out is not only continuing but accelerating with Nvidia at its epicentre. This operational strength allowed Nvidia to achieve a remarkable 56% YoY revenue increase, a figure made even more impressive by the fact that it was accomplished with zero H20 chip sales to China, proving the immense global demand for its technology.
The outlook remains strong, with a Q3 revenue forecast of $54 billion, indicating that demand for AI model training and inference is not slowing down. Key developments for investors to watch include:
● Rapid Blackwell Adoption: The platform is already being adopted by industry leaders like Disney, SAP, and TSMC, indicating strong future revenue.
● Diversification: Beyond the data centre, the gaming segment remains strong with 49% year-over-year growth, showcasing health in its consumer business.
● Shareholder Returns: A new $60 billion share repurchase authorisation signals immense confidence from the board in the company's long-term cash-generating power
Ultimately, Nvidia's strategy of providing a full-stack computing solution, from chips to software to networking, creates a deep competitive trend. As AI models grow more complex, the need for this integrated platform will only increase, cementing Nvidia's position as a foundational company for the future of computing.
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** This article was prepared by BROKSTOCK analyst Maboko Seabi
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