Nvidia has reported its fiscal second-quarter revenue, with investors looking to the world’s most valuable company for signals about whether the massive buildout of artificial intelligence (AI) infrastructure can keep its rapid pace.
The California-based chipmaker on Wednesday posted revenue of $96.2 billion for the quarter ended July 26, up 106 percent from a year earlier and 18 percent from the previous quarter.
Net income came in at $59.7 billion, compared with $26.4 billion a year earlier—a 126 percent jump.
Nvidia entered its fiscal second quarter of 2027 with official guidance of $91.0 billion in revenue, give or take 2 percent. Wall Street analysts had expected about $92 billion. Wednesday’s figures comfortably beat both forecasts. …