Nvidia Revenue Doubles to $96.2 Billion on AI Chip Demand

Nvidia reported record quarterly revenue of $96.2 billion on Wednesday, August 26, 2026, more than doubling from a year earlier and surpassing Wall Street expectations as demand for its artificial intelligence chips continues to accelerate. The chipmaker also issued a bullish forecast for the current quarter and the next fiscal year, sending its shares higher in after-hours trading. The company's revenue for the quarter ended July 26, 2026, rose 106% year-over-year and 18% sequentially, beating analyst estimates of approximately $92 billion. Net income more than doubled to $53.95 billion, or $2.22 per share, up from $24.76 billion in the same period a year ago.