NVIDIA posted 105.85% year-over-year revenue growth, with non-GAAP gross margin of 75.0%, operating margin of 60.38%, and net margin of 55.60%, while return on equity was 101.5% and return on invested capital 92.2%. Management said it has supply for 70% of demand, a constraint running at least through the end of fiscal year 28. NVIDIA’s data center alone hit $89 billion in one quarter at 117% growth, and Jensen Huang guided Q3 to $108 billion with China revenue excluded entirely, while hyperscaler capex hits $800 billion in 2026. Debt-to-equity sits at 0.073 and interest coverage at 503x; Q2 free cash flow was $21.341 billion, with $26.0 billion returned to shareholders and roughly $99.0 billion left on the repurchase authorization, plus a $0.25 dividend. The author says he bought NVIDIA again last week and will likely do so again next month despite China concerns and tech selloff.