Nvidia Q2 Revenue Hits $96.2 Billion and Q3 Guidance Tops $108 Billion, Sending Shares Up 6% Premarket

Nvidia reported fiscal second-quarter revenue of $96.2 billion on Wednesday, well ahead of the $92.2 billion Wall Street had expected and representing 106% growth from a year earlier. Adjusted earnings per share came in at $2.22, topping the consensus estimate of around $2.10 and up 120% year-over-year. CEO Jensen Huang declared that artificial intelligence had reached an inflection point, and the company guided third-quarter revenue to $108 billion, plus or minus 2%, again above analyst forecasts.

Despite the beat, shares dipped roughly 1.3% in after-hours trading Wednesday as investors noted that guidance assumes no data center compute revenue from China. By Thursday premarket, however, the stock recovered sharply and was trading up about 6%, lifting broader stock futures and boosting AI sentiment across the market. Nvidia shares remain up approximately 11% year-to-date.

Some analysts urged caution, citing stretched valuations and the possibility of near-term consolidation even as the underlying demand for Nvidia's AI chips continues to surpass expectations.