NVIDIA Corporation Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • Total revenue reached $46.7 billion, exceeding expectations. This represents continued sequential growth across all business platforms.
  • Data Center revenue grew 56% year over year and increased sequentially despite a $4 billion decline in H20 revenue. This growth was primarily driven by strong adoption of Blackwell platform products.
  • The Blackwell platform grew 17% sequentially, reaching record levels, and NVIDIA began production shipments of its next-generation GB300.
  • Gaming revenue hit a record $4.3 billion, up 14% sequentially and 49% year over year, driven by Blackwell GeForce GPU ramp and increased supply.
  • Networking revenue reached a record $7.3 billion, up 46% sequentially and 98% year over year, fueled by high demand for Spectrum X Ethernet, InfiniBand, and NVLink scale-out solutions.

Key Business Drivers & Updates

  • NVIDIA projects $3 to $4 trillion in global AI infrastructure spending by 2030.
  • Blackwell Ultra platform generated tens of billions of dollars in revenue this quarter.
  • GB300 ramp is proceeding smoothly; factories are producing ~1,000 racks per week with capacity expected to grow further in Q3.
  • AI inference market is rapidly expanding, with Blackwell offering up to 50x better energy efficiency per token vs Hopper.

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Sarah: Good afternoon. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to NVIDIA Corporation's Second Quarter Fiscal 2026 Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star 1 again. Thank you. Toshiya Hari, you may begin your conference. Thank you. Toshiya Hari: Good afternoon, everyone, and welcome to NVIDIA Corporation's conference call for 2026. With me today from NVIDIA Corporation are Jensen Huang, president and chief executive officer, and Colette Kress, executive vice president and chief financial officer. I would like to remind you that our call is being webcast live on NVIDIA Corporation's 2026. The content of today's call is NVIDIA Corporation's property. It cannot be reproduced or transcribed without our prior written consent. During this call, we may make forward-looking statements based on current expectations. These are subject to a number of significant risks and uncertainties, and our actual results may differ materially. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release, our most recent forms 10-K an

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