Nvidia Earnings: Revenue Doubles To $96.2 Billion, Beats Wall Street Estimates

Nvidia reported quarterly revenue of $96.2 billion for the quarter ended 26 July 2026, more than double the figure from a year earlier. Revenue rose 106% year-on-year and 18% from the previous quarter, beating analysts’ estimate of about $92 billion.

The net profit figure included a $7.8 billion gain from Nvidia’s investments in artificial intelligence (AI) companies. Nvidia expects revenue of about $108 billion in the current quarter, well above Wall Street forecasts.

Nvidia Results: Key Highlights

Here are some other highlights from Nvidia’s earnings report:

• Revenue: $96.2 billion, up 106% year-on-year (YoY)

• Net Profit: $59.7 billion, up 126% YoY

• Current-Quarter Revenue Guidance: About $108 billion

• Next Fiscal Year Revenue Growth: About 70%

AI Spending Keeps Nvidia Growth Strong

Nvidia’s earnings remain closely linked to spending by major technology companies building AI infrastructure.

Amazon, Microsoft, Google parent Alphabet and Meta are on track to spend about $800 billion on data centres and AI infrastructure. That is nearly twice last year’s spending, while analysts expect total industry spending to cross $1 trillion.

Nvidia supplies the computing chips used in many of these AI systems. Its major customers also include OpenAI and xAI.

Nvidia Maintains China Caution

Nvidia again forecasts no revenue from AI computing chip sales in China. Beijing has only recently started allowing limited quantities of Nvidia processors into the country.

ByteDance and Tencent have reportedly received around 10,000 units each in recent weeks, a small share of the quantities allowed under US export licences. The China market therefore remains outside Nvidia’s current revenue outlook.

Management Commentary And Market Reaction

Nvidia CEO Jensen Huang said the company’s AI infrastructure buildout is proceeding at full speed. Nvidia shares rose nearly 5% in after-hours trading on Wall Street following the results.

The stock’s recent performance has lagged some other chip companies despite the latest gains. It also remains well below the pace of its extraordinary 2023 rally that followed the launch of ChatGPT.

India Builds Nvidia-Powered AI Capacity

Nvidia’s strong results also come as India steps up spending on AI computing and data centre infrastructure. Yotta Data Services said in February that it would spend more than $2 billion on Nvidia’s latest chips at its Noida hyperscale date centre.

Nvidia is also collaborating with companies, including Larsen & Toubro and E2E Networks, to expand AI infrastructure in the country.

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