Nvidia’s Earnings Pull Just Ahead of Estimates

Nvidia (NVDA) reported quarterly earnings just slightly ahead of Wall Street analysts’ expectations, as its sales climbed to a record high. 

The AI chipmaker posted adjusted earnings of $1.05 per share on revenue that soared 56% year-over-year to a record $46.74 billion in the second quarter. Nvidia’s quarterly sales and earnings were just above analysts’ estimates compiled by Visible Alpha. (Investopedia’s live coverage of the results is here.)

The company’s data center sales, which comprise the bulk of its revenue, climbed to a record $41.1 billion, though that figure slightly missed Street projections.

Nvidia said its results were boosted by the release of $180 million tied to sales of inventory of its H20 chips, which were prohibited in China during the quarter by the Trump administration’s export controls, to a customer outside China. CEO Jensen Huang had warned ahead of the results that it could take a hit to the tune $8 billion from H20 curbs. The chipmaker said that without its sales of previously reserved H20 chips outside of China, it would have reported EPS of $1.04.

Nvidia projected third-quarter revenue of $54 billion, plus or minus 2%, which would be a another record high. However, that doesn’t take into account potential H20 sales to China, which are allowed to resume, thanks to a recent 15% revenue-sharing agreement with the Trump administration. Wall Street analysts had called for revenue of $53.8 billion.

The chipmaker said its board also approved an additional $60 billion in stock buybacks.

Nvidia shares declined about 3% in after-hours trading. The stock added more than a third of its value in 2025 through Wednesday’s close.