Computer chip maker Nvidia reported its second quarter financial results for the 2026 fiscal year, beating Wall Street’s expectations for earnings per share and earnings (EPS).
Nvidia reported net profit of over $26.4 billion in the second quarter, up 6% in the previous quarter. The company’s revenues rose 56% from the previous year, according to a announcement on Wednesday.
The company has disclosed an EPS of $1.05 to GAAP using GAAP accounting. Nvidia also recorded a profit margin of around 72.4% in the quarter.
Nvidia’s shares sank about 3.3% in after-hours trading on Wednesday.
Nvidia is the world’s largest publicly traded company, with a market capitalization of over $4.4 trillion at the time of writing. The company is a leading manufacturer of artificial intelligence and computing chips, and is becoming geo-strategic importance to the US government.
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Nvidia reports H20 Zero sales to China
Nvidia said sales of its H20 processors have not reached the country and addressed concerns about its Chinese business in its latest revenue report. “In the second quarter, there were no H20 sales to Chinese-based customers,” the company said.
The H20 processor is a weak version of NVIDIA’s H100 chip designed for the Chinese market, complying with existing US regulations regarding the export of high-performance computer chips used in AI applications.
In January, US President Donald Trump announced that he was trying to strengthen export controls for NVIDIA H20 sales to China due to concerns about “national security.”
The Trump administration has passed and imposed strict export restrictions, including export licenses and fees totaling around $5.5 billion, and has halted H20 chips on China.
However, the administration overturned that stance in August, allowing H20 chip sales to China to resume, provided that Nvidia gives the US government 15% of the revenue from chips sold to China.
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