Nvidia Revenues Jump 106 Percent to $96.2 Billion

Nvidia reported that it earned a net income of $59.7 billion on revenues of $96.2 billion in the quarter ending July 26, 2026. Those figures represent gains of 126 percent and 106 percent, respectively, year-over-year (YOY).

“AI has reached its inflection point,” Nvidia founder and CEO Jensen Huang said. “It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue. And demand is accelerating. This time last year, one lab alone was driving the buildout; today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online, with strong momentum across the U.S. and around the world. The AI infrastructure buildout is at full steam.”

Nvidia’s Data Center segment delivered $89 billion of those revenues, up 117 percent from the same quarter a year ago. And Edge Computing added $7.2 billion in revenues, a gain of 27 percent YOY.

Looking ahead, Nvidia said it expects to report revenues of $108 billion, plus or minus 2 percent, in the current quarter. But Wall Street, finally, is not impressed: Morgan Stanley referred to Nvidia’s business as “balance sheet-as-a-service” because of the concentration of revenue from just a few big customers, some of which Nvidia is funding. And the company’s stock price is down by a single-digit percentage in after-hours trading.