Q2 beat; Q3 guide ~$12.3B+ and FY26 near $40B; $13B Blackwell backlog/margin squeeze; prelim Q4/FY25 unaudited

Q2 $12.68-12.7B (+123%YoY)/$0.69 EPS (+41% beat); margins 6.3-6.4% tgt 9-11% (neg FCF -$917M/neg OCF H1/502% liab surge); FY26 $36-41B/~$40B guide/Q3 $12.3-12.34B/$0.60-0.63 EPS; Nvidia 63%/IDC #2 despite probes; rack-scale DCBBS to double-digit profits/63MW power; Gold Series rapid-ship AI servers (25+ configs/3-day delivery) eyes $40B rev/$48.53 fair value; Zacks #3 Hold unchanged EPS ests.