NVIDIA Q2 FY2026 revenue reaches $46.7B, +56% YoY; Blackwell Data Center revenue $41.1B with 5% QoQ growth, 17% Blackwell sequential growth

NVIDIA reported Q2 FY2026 revenue of $46.7 billion, up 56% year-over-year and 6% sequentially, with Data Center revenue at $41.1 billion (89% of total). Blackwell Data Center revenue grew 17% sequentially, signaling ramp acceleration. The company benefited from a $180 million H20 inventory release and approximately $650 million in unrestricted H20 sales outside China, which boosted reported gross margins to 72.7% non-GAAP (72.3% excluding H20 benefits). Non-GAAP diluted EPS was $1.05 for the quarter. For financial institutions, the sequential slowdown in overall revenue growth (6% QoQ) and non-Blackwell platform maturity now become material monitoring points against the claimed Blackwell ramp.