U.S. chipmaker Nvidia posted revenue of $46.7 billion for the second quarter of fiscal 2026, up 56% from the same period last year and surpassing market expectations, the company announced Wednesday.
The company’s net profit also jumped 59% to $26.4 billion, compared with $16.6 billion in the same quarter last year. Earnings per share rose from $0.67 to $1.08.
Revenue from Nvidia’s data centre segment climbed 56% year-on-year to $41.1 billion, slightly below analysts’ forecasts. The company noted that no H20 chips were sold to China-based customers during the quarter.
Looking ahead, Nvidia expects revenue of $54 billion for the current quarter.
In a separate move, the company’s board approved an additional $60 billion for its share buyback programme, effective indefinitely.
CEO Jensen Huang highlighted the company’s role in the artificial intelligence sector, stating that the Artificial Intelligence (AI) race has begun and Nvidia’s newest Blackwell AI chip is at the centre of this competition.
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U.S. President Donald Trump said on Monday that there is a good chance” of reaching a deal with Iran, but warned that Washington would resume military operation if negotiations fail.
Iran will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior Iranian source told on Sunday.
The Russia-Ukraine war is increasingly reshaping the Caspian region. From threats to energy infrastructure to renewed diplomatic efforts, countries across the region are adapting to the wider consequences of a conflict that continues to disrupt trade, transport and security.
A New York school district has put plans to introduce a humanoid robot into classrooms on hold after fierce criticism from teachers, Indigenous community members and state education officials over the use of artificial intelligence in schools.
A known Islamist suspected of driving a minivan into a crowd near a major LGBTQ Pride gathering in Berlin was shot dead during a police operation at an allotment garden complex, broadcaster RBB reported on Sunday.
A New York school district has put plans to introduce a humanoid robot into classrooms on hold after fierce criticism from teachers, Indigenous community members and state education officials over the use of artificial intelligence in schools.
SpaceX successfully launched its Starship megarocket on its 13th flight test Friday, deploying 20 next-generation Starlink V3 satellites and completing a soft splashdown of the spacecraft in the Indian Ocean.
Britain's new Prime Minister Andy Burnham has appointed Kanishka Narayan as Minister for Artificial Intelligence, making it the first time the role has held cabinet-level status. The move signals a stronger government focus on AI as the UK seeks to strengthen its position in the sector.
Scientists have identified a planetary system in the Milky Way unlike anything seen before, leaving astronomers debating how to classify one of its unusual worlds. The discovery challenges long-held definitions of planets, moons and stars.
A U.S. federal judge has approved Anthropic's $1.5 billion settlement with authors and publishers over the company's acquisition and use of pirated books to train its Claude artificial intelligence chatbot, marking the first major resolution in the growing wave of AI copyright litigation.
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