NVIDIA beats Q2 2026 estimates as AI demand stays strong

NVIDIA reported fiscal Q2 2026 revenue of $96.2 billion, more than doubling year-over-year, with adjusted earnings per share of $2.22 beating Wall Street estimates of $2.08. The chipmaker's stock rose 3.98% in after-hours trading to $218. Data center revenue reached $89 billion, or 92.7% of total sales, driven by strong AI demand. The company forecast Q3 revenue of $108 billion, exceeding consensus estimates, and noted demand is expanding beyond hyperscalers to sovereign AI, NeoClouds, and enterprises. Gross margin held at 75%, though management warned of near-term pressure from memory pricing. CEO Jensen Huang highlighted a shift toward agentic AI requiring 15 to 100 times more computing power per agent than human use. The company began shipping its Vera Rubin platform in August, expected to represent about 20% of data center revenue this quarter, with fiscal 2028 growth projected around 70%.