Nvidia posts $96.2 billion quarter as AI demand more than doubles revenue

Revenue jumped 106% year over year, and the chipmaker is guiding for roughly $108 billion next quarter Nvidia just reported $96.2 billion in quarterly revenue, a 106% increase from the same period a year ago. For context, that single quarter equals nearly half of what the company earned across its entire previous fiscal year. The company isn’t easing off, either. Nvidia expects next quarter to land at approximately $108 billion, which suggests the appetite for AI computing still hasn’t been satisfied. The numbers behind the quarter The results cover the second quarter of Nvidia’s fiscal 2027, which closed on July 26, 2026. Revenue grew 18% from the prior quarter on top of the 106% annual gain. The engine, once again, was the Data Center segment. It brought in $89.0 billion, up 117% from a year earlier. Put plainly, the business that sells chips and systems for training and running AI models now makes up the overwhelming majority of the company. More than nine of every ten revenue dollars came from that one division this quarter. Profitability held up as well. Non-GAAP diluted earnings per share came in at $2.22, up 120% year over year, while gross margin stayed at 75%. Guidance and...