Nvidia Crushes Q2 Revenue Expectations with $46.7B—So Why Are Shares Slipping After Hours?
What happens when a tech titan beats earnings expectations by a staggering 56% year-over-year, pulls in a massive $46.7 billion in revenue, yet sees its shares dip 3% after hours? Well, if you guessed Nvidia, you’re right on the money. This powerhouse’s Q2 fiscal results delivered a blockbuster performance, fueled primarily by its booming data center sales. But why the share price drop despite such jaw-dropping numbers? Meanwhile, Bitcoin steadied near $112K, shrugging off a history of riding the Nvidia earnings wave. Curious about how these dynamics play out in the high-stakes world of AI chip demand and market psychology? Let’s dive into the details behind the headlines and unpack what this means for investors and the future of tech. LEARN MORE
Nvidia posted $46.7B revenue and $1.05 EPS in Q2, but shares dropped 3% after hours as Bitcoin stayed flat near $112K.

Photo: GMB Media
Key Takeaways
- Nvidia posted $46.7B in revenue and $1.05 EPS in Q2 FY26, up 56% year-over-year, led by $41.1B in data center sales.
- Shares fell 3% after hours, while Bitcoin traded flat near $112K despite a history of positive correlation with Nvidia earnings.
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Nvidia reported fiscal second-quarter earnings on Wednesday after the bell, delivering revenue of $46.7 billion and adjusted earnings of $1.05 per share. The results, which matched expectations, marked a 56% increase from the same quarter last year.
Despite the strong headline numbers, Nvidia shares fell about 3% after hours, according to Yahoo Finance data. The company guided fiscal third-quarter revenue to $54 billion, plus or minus 2 percent, which represents 51% growth compared to last year.
Nvidia’s data center division continued to drive results, generating $41.1 billion in revenue, up 56% year-over-year. The Blackwell architecture ramped across major customers, with networking revenue nearly doubling from last year. The company also disclosed no H20 chip sales to China in the quarter, underscoring the impact of US export restrictions.
Nvidia also ramped up shareholder returns, repurchasing $9.7 billion of stock in the quarter and distributing $244 million in cash dividends. On August 26, the board authorized an additional $60 billion in share buybacks with no expiration.
Bitcoin held flat near $112,000 after the results, recovering from a brief pre-earnings dip. A CoinDesk report earlier in the day noted BTC has risen in seven of the last ten Nvidia earnings since early 2023. Traders will be watching in the coming days to see if it reacts to Nvidia’s positive call.
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