Nvidia just saved the world with higher Q2'26 earnings vs consensus

Beat consensus (\~$92B revenue / $2.09 EPS) and Nvidia's own guidance midpoint ($91.0B) across the board. Revenue: $96.22B vs $46.74B up 106% Gross margin: 75.0% vs 72.4% up 2.6 pts Gross profit: \~$72.2B vs \~$33.8B up 113% Operating expenses: $8.41B vs $5.41B up 55% Operating income: $63.73B vs $28.44B up 124% Net income: $59.69B vs $26.42B up 126% Net margin: 62.0% vs 56.5% up 5.5 pts Diluted EPS: $2.46 vs $1.08 up 128% Other key numbers: Data Center revenue: $89.0B, up 117% YoY and 18% QoQ or \~92% of total revenue 13th straight quarter beating its own guidance, though the beat size has been shrinking (from +22.8% in FY24 to single digits now) Free cash flow: $21.3B this quarter vs $13.5B a year ago Guidance: Q3 FY27 guidance: $108.0B revenue (±2%), above the \~$103.8B street consensus; gross margin guided to \~74.0% On the Q2 FY27 earnings call, CFO Colette Kress gave Nvidia's first-ever long-term revenue forecast: 70% revenue growth for fiscal year 2028 (well above the \~44% analysts were expecting) which was a major surprise for Nvidia investors. Acquisitions: Nvidia has reportedly agreed to acquire Hugging Face, the leading open-source AI model hub, for $12.9 billion. New Products: Vera CPU: 88-core Arm chip, Nvidia's most power-efficient CPU yet Rubin GPU: 3.5x training performance vs Blackwell Full Rubin Stack: 7 chips total (Vera CPU, Rubin GPU, NVLink 6, ConnectX-9, BlueField-4, Spectrum-6, plus new Groq 3 LPX Vera Rubin: NVL72 rack 72 GPUs + 36 CPUs, fully liquid-cooled, installs in 5 minutes vs 2 hours for Blackwell Blackwell still growing this year (\~$135B) before Rubin takes over next year Thoughts: Nvidia surprised investors with higher than expected revenue earnings from potential new products and ever rising demand for Nvidia AI chips. The stock rose by 8.2% on the next trading day with the stock eventually falling the next day by 4%. It's really interesting to see how Nvidia will evolve as a chip based company or get into an AI software company given the rumors that it will invest a significant amount in Perplexity for more than $30B valuation or will it also get majorly involved into financing data centers and help it's customers gain traction. Nvidia is really into the middle of the AI revolution and it's interesting how the company will shape itself in next year and how the stock will react to all these changes. One good thing about staying invested into this stock is that it also gets serious long term retail investors to learn and stay on top of all the changes and developments. Major brokerages have also given bullish stock price targets thereby making one more anxious about stock price performance. Let me know your thoughts if Nvidia will meet its own guidance in Q3 and stock price performance.