10-Q · AUG 28, 2026
Requires reviewData center guidance moved up — again
What changed
NVIDIA raised its forward data center revenue outlook by 11% versus the prior quarter, with demand commentary pointing to continued hyperscaler capacity buildout.
Why it matters
This is a new confirmation of the demand durability you identified in your thesis. The size and language of the change move it beyond a routine guidance update.
Which assumption
AI infrastructure spend stays durable through 2027. Current evidence supports this assumption; no invalidation trigger was detected.
What did not change
- Gross margin outlook remains stable
- No new customer concentration risk
EvidenceNVIDIA Q2 10-Q · page 7