Nvidia reported fiscal 2026 second-quarter revenue of $46.7 billion, a 56 percent increase, with profits and margins above expectations. The data center division grew 17 percent quarter-on-quarter, aided by new Blackwell chips, and the company guided $54 billion for the current quarter. HP Inc. delivered 3.1 percent revenue growth to $13.9 billion and net profit of $763 million, marking a fifth consecutive quarter of revenue growth driven by Personal Systems and strong growth regions. Snowflake raised its annual product revenue forecast to $4.40 billion, with Q2 product revenue of $1.09 billion and remaining performance obligations up 33 percent. CrowdStrike struggled with the aftermath of a Windows outage.
Nvidia saw revenue in the second quarter of fiscal 2026 increase by 56 percent to $46.7 billion, exceeding market expectations. Profits and margins were also higher than predicted. The data center division, with its new Blackwell chips, posted 17 percent quarter-on-quarter growth. For the current quarter, the company is targeting revenue of $54 billion, slightly above consensus but below the most optimistic estimates. Investors had expected more: the stock fell 3 percent after hours.
Snowflake raised its annual forecast for product revenue from $4.33 billion to $4.40 billion. In the second quarter, product revenue totaled $1.09 billion, in line with expectations, while remaining performance obligations increased 33 percent to $6.9 billion. CEO Sridhar Ramaswamy highlighted the strong growth of Microsoft Azure within the platform, particularly in the EMEA region. Analysts view Snowflake as a logical choice for companies seeking to centralize their AI infrastructure. The stock rose 13 percent in after-hours trading.
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