- Nvidia reported fiscal Q2 revenue of $96.2 billion versus $92.27 billion consensus and adjusted EPS of $2.22 versus $2.09 expected.
- Nvidia guided for fiscal Q3 revenue of $108 billion, above Wall Street's $103.9 billion forecast.
- Nvidia said supply remains its primary constraint through the end of fiscal 2028 and expects gross margins to bottom at 71% to 72% in fiscal Q4 as memory costs rise.
- The earnings reaction lifted AI infrastructure names and bitcoin, with IREN up 5%, TeraWulf and Cipher Mining up about 3% each, and bitcoin rising more than 1% toward $80,000.
Quotes
“AI agents require between 15 and 100 times more compute than conventional human-prompted interactions.”