NVIDIA — 2026Q2 财报
公布于 2026-05-20
每股收益 $1.87，预期 $1.77 — 超预期
次一交易日 -1.8%（收盘 2026-05-20 → 2026-05-21）
来源
8-K 文件 ↗综述
A record quarter powered by Data Center, with revenue growth accelerating to 85% and both halves of the segment setting records — networking growing far faster than compute. Guidance steps up to $91.0 billion and deliberately assumes no China data-center compute revenue, even though H200 shipments to China are licensed (they have generated no revenue yet). Jensen Huang attributed the surge to the arrival of agentic AI; Vera Rubin production shipments are on track for the second half beginning in Q3, and capital returns stepped up sharply with an additional $80 billion buyback authorization and a dividend raised from $0.01 to $0.25 per share, alongside a reorganization into two reporting platforms, Data Center and Edge Computing.
财报电话会
财报电话会网络直播 ↗点评
引文为原始文件中的英文原话，未作翻译；其下一行是 TradingPilot 对它的解读。
来自财报
A record quarter powered by Data Center, with guidance stepping higher while assuming no China data-center compute revenue, alongside a sharp step-up in capital returns.
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“NVIDIA (NASDAQ: NVDA) today reported record revenue for the first quarter ended April 26, 2026, of $81.6 billion, up 20% from the previous quarter and up 85% from a year ago.”
Revenue set a company record, with growth accelerating to 85% year over year.
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“Under the previous sub-markets, Data Center compute revenue was a record $60.4 billion, up 77% from a year ago and up 18% sequentially. Data Center networking revenue was a record $14.8 billion, up 199% from a year ago and up 35% sequentially.”
Both halves of Data Center set records, with networking growing far faster than compute.
来源 ↗ -
“Revenue is expected to be $91.0 billion, plus or minus 2%. NVIDIA is not assuming any Data Center compute revenue from China in its outlook.”
Guidance steps up to $91.0 billion next quarter and deliberately assumes no Data Center compute revenue from China.
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“On May 18, 2026, the Board of Directors approved an additional $80.0 billion to the Company’s share repurchase authorization, without expiration. NVIDIA is increasing its quarterly cash dividend from $0.01 per share to $0.25 per share of common stock, which will be paid on June 26, 2026, to all shareholders of record on June 4, 2026.”
Capital returns stepped up sharply: an additional $80.0 billion buyback authorization and a dividend raised from $0.01 to $0.25 per share.
来源 ↗ -
“NVIDIA is transitioning to a new reporting framework that better reflects its current and future growth drivers. NVIDIA will have two market platforms — Data Center and Edge Computing.”
Reporting segments are being reorganized into two platforms, Data Center and Edge Computing.
来源 ↗
来自电话会
Management framed the surge as agentic-AI demand gone parabolic, kept China out of the outlook despite H200 licenses, and put Vera Rubin production shipments on track for the second half.
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“Demand has gone parabolic. The reason is simple. Agentic AI has arrived.”
Jensen Huang attributed the demand surge to the arrival of agentic AI.
来源 ↗ -
“While the US government has approved licenses for H200 to be shipped to China based customers, we have yet to generate any revenue.”
H200 shipments to China are licensed but have generated no revenue yet.
来源 ↗ -
“We are on track to commence production shipments of VeraRubin in the second half of this year starting in Q3.”
Vera Rubin production shipments are on track for the second half, beginning in Q3.
来源 ↗
截至 2026-08-10