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Nvidia (Q2 Results): broad beat

NVIDIA delivered a broad beat, with revenue, profit and guidance all ahead of expectations as AI infrastructure demand remains strong.
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Second-quarter revenue rose 106% to $96.2bn ($92.2bn expected). Growth was driven by the Data Centre platform rising 117% to $89.0bn, with Edge Computing up 27% to $7.2bn.

Underlying operating profit rose 124% to $64.0bn ($60.9bn expected).

Free cash flow rose 59% to $21.3bn, while net cash, including leases, stood at $61.0bn at the end of the period.

The group returned $26.0bn to shareholders in share buybacks and dividends, with $99.0bn remaining in the current share repurchase programme.

Third-quarter revenue guidance is around $108.0bn ($105.1bn expected), with gross margins expected to be around 74%.

The shares were up 4.7% in after-hours trading.

Our view

HL view to follow.

Nvidia key facts

All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.

This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.

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Written by
Matt-Britzman
Matt Britzman
Senior Equity Analyst

Matt is a Senior Equity Analyst on the share research team, providing up-to-date research and analysis on individual companies and wider sectors. He is a CFA Charterholder and also holds the Investment Management Certificate.

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Article history
Published: 27th August 2026