NVIDIA Q2 results — strong growth despite H20 China limits
NVIDIA Q2 results: $46.7B revenue, $26.4B net income NVIDIA reported strong second-quarter results (quarter ending July 27): revenue of $46.7 billion — up 56% year‑over‑year — and net income of $26.4 billion. This marks the ninth consecutive quarter since the AI boom in 2023 where NVIDIA's year‑on‑year revenue growth has exceeded 50%. Key details Revenue: $46.7B (+56% YoY) Net income: $26.4B H20 for China: shipments were blocked earlier this year on national security grounds; NVIDIA said those shipments could have added roughly $8B to Q2 sales, but only $180M of H20 chips were shipped to a customer outside China. Blackwell-based chips: Sales rose ~17% from Q1 to reach $27B, representing about 50% of NVIDIA's data-center revenue. NVIDIA is reportedly developing a more advanced Blackwell-based chip aimed at China, which —…
