Nvidia reported second-quarter fiscal 2026 revenue of $46.7 billion, surpassing market expectations of $46 billion. The company also announced a $60 billion share repurchase program. Despite these strong results, Nvidia's third-quarter revenue outlook of $54 billion, slightly above the $53.46 billion forecast, raised concerns about potential slowing growth in AI spending. The data center business emerged as a key growth driver, with revenue up 56% year-over-year to $41.1 billion, fueled by increased sales of Blackwell chips to cloud service providers. Nvidia's stock fell 5% in after-hours trading.
Nvidia Exceeds Revenue Expectations, Approves $60 Billion Buyback
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