Nvidia reported second-quarter revenue of $46.74 billion, up 56% year-over-year, topping estimates of $46.02 billion, according to data from Benzinga Pro. Adjusted earnings came in at $1.05 per share, ahead of expectations of $1.01. Non-GAAP gross margins reached 72.7%. The company reported no H20 sales to China but released $180 million in H20 inventory to a customer outside the country. Blackwell Data Center revenue rose 17% quarter-over-quarter. CEO Jensen Huang said demand for Blackwell is “extraordinary” and called Nvidia NVLink rack-scale computing “revolutionary.” The company guided third-quarter revenue between $52.92 billion and $55.08 billion, versus estimates of $52.96 billion, with non-GAAP gross margins expected around 73.5%. Shares fell 3.4% in after-hours trading on Wednesday.
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