Summary
Bloomberg Tech Europe anchor Tom Mackenzie contextualizes Nvidia’s Q2 fiscal 2026 earnings, which showed revenue more than doubling year-over-year to approximately $96 billion USD — nearly $100 billion in a single quarter — with earnings per share of $2.22 well above street estimates. CFO Colette Kress’s forward guidance of 70% revenue growth in fiscal 2028 is described as potentially even conservative, given that Nvidia is supply-constrained across its semiconductor supply chain and could deliver more if TSMC, Samsung, and memory suppliers keep pace with demand.
The main note of caution is margin compression: gross margins are expected to decline from around 75% to approximately 71-72% in coming months, driven by rising memory and wafer input costs that are prompting Nvidia to raise server prices by up to 15% starting January 2027. Mackenzie frames this as the only visible weakness in an otherwise exceptionally strong print.
The video also covers Nvidia’s re-entry into the Chinese market following Trump administration approval to ship H20 chips — two generations behind Blackwell — to Chinese buyers. China revenue has reached approximately $7 billion, less than 1% of data center revenues, but represents a strategic toehold that Jensen Huang has lobbied hard to secure. Full adoption depends on Chinese government authorization for large-scale enterprise purchases, which has not yet materialized.
📺 Source: Bloomberg Tech · Published August 27, 2026
🏷️ Format: News Analysis
