What can be considered one of the most successful companies on the stockmarket today is no longer able to surprise the market. While Nvidia has just released its Q2 2026 results, the stock is down about 2%.
Once again, Nvidia has posted solid results. Revenue was up 57% y-o-y, and net EPS came in at $1.05, above the consensus of $1.01. However, despite these better-than-expected results, NVDA shares fell nearly 2% in after-hours trading.
With this second quarterly report for FY 2026, Nvidia confirms a trend: its publications, impressive as they may seem, no longer surprise investors. As shown by data from MarketScreener (Agenda section of the Nvidia stock sheet), the surprise rate on quarterly revenue is gradually declining. The market now seems to anticipate that Nvidia will consistently deliver results in line with - or slightly above - expectations.
In this context, Jensen Huang's speech takes on almost more importance than the figures themselves. The CEO, known for his enthusiasm and visionary stance, remains a driving force for confidence and innovation at Nvidia. However, he will have to answer several sensitive questions, particularly regarding the recovery of sales of H20 chips for the Chinese market, in an environment marked by persistent trade tensions between Beijing and Washington.
NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (89%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (11%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (88.3%), gaming (8.7%), professional visualization (1.4%), automotive (1.3%) and other (0.3%).
Net sales are distributed geographically as follows: the United States (46.9%), Singapore (18.2%), Taiwan (15.8%), China and Hong Kong (13.1%) and other (6%).
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