Nvidia's revenue beat expectations but outlook remains flat, and it approves a $60 billion buyback.

According to Jinshi Data, Nvidia's revenue for the second quarter of fiscal year 2026 reached $46.7 billion, exceeding market expectations of $46 billion, and announced the approval of an additional $60 billion in share repurchases. However, its third-quarter revenue outlook was $54 billion (with a fluctuation of 2%), slightly higher than the market expectation of $53.46 billion, sparking market concerns about slowing spending growth in the artificial intelligence sector. Nvidia's data center business became its core growth engine, with revenue increasing 56% year-on-year to $41.1 billion in the second quarter. Cloud service providers are purchasing its latest generation of Blackwell chips, and sales of the chip increased by 17% compared to the first quarter. Despite the impressive performance, Nvidia's US stock price fell 5% after the market closed.