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. The results were driven overwhelmingly by the data center segment, which generated $89 billion in revenue, up 117% year-over-year and accounting for 92% of total sales.

CEO Jensen Huang declared that "AI has reached its inflection point," stating that the technology is now doing productive and profitable work. He noted that the AI infrastructure buildout is "at full steam," with demand accelerating from a broader base of customers. "This time last year, one lab alone was driving the buildout. Today, we have a golden age...