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.
A woman whose husband was sucked out of the window of a plane during a Ryanair flight has recounted pulling her husband to safety. Serbian couple Svet...
Keir Starmer has reaffirmed that the UK's "unwavering" support for Ukraine will continue, during his final visit to the country as Prime Minister....
Pakistan is set to become a founding member of the China-led World Artificial Intelligence Cooperation Organisation (WAICO), with Deputy Prime Ministe...
A woman whose husband was sucked out of the window of a plane during a Ryanair flight has recounted pulling her husband to safety. Serbian couple Svetlana Maksimovic and Ljubisa Karovic had just settled into a flight with the airline last week, when a loud bang pierced the hum of engines.
Keir Starmer has reaffirmed that the UK's "unwavering" support for Ukraine will continue, during his final visit to the country as Prime Minister.
Pakistan is set to become a founding member of the China-led World Artificial Intelligence Cooperation Organisation (WAICO), with Deputy Prime Minister and Foreign Minister Ishaq Dar travelling to Shanghai on Thursday to sign the founding agreement during a two-day visit.
Space exploration just got sweeter as scientists say they have discovered a type of sugar called erythrulose in outer space.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. The operation targeted command centres, air defence systems, missile and drone facilities, and coastal surveillance sites across multiple locations.
The death toll from the fire at a live music pub in Bangkok has climbed to 32 after two more victims died from their injuries, according to Thailand's Police Hospital.
Ukraine and Russia exchanged fresh attacks on Tuesday, with Kyiv targeting shipping and energy infrastructure inside Russia while Moscow launched another large-scale missile and drone assault on Ukrainian cities.
Space exploration just got sweeter as scientists say they have discovered a type of sugar called erythrulose in outer space.
Pakistan is set to become a founding member of the China-led World Artificial Intelligence Cooperation Organisation (WAICO), with Deputy Prime Minister and Foreign Minister Ishaq Dar travelling to Shanghai on Thursday to sign the founding agreement during a two-day visit.
Beijing is using Shanghai’s artificial intelligence (AI) forum to promote its governance agenda and showcase domestic alternatives to U.S. technology.
Australia will establish an Office of AI to coordinate artificial intelligence standards and oversee major data centres as the government prepares new laws on their energy and water use, Prime Minister Anthony Albanese said on Wednesday (15 July).
IBM has warned that a surge in spending on artificial intelligence infrastructure is weighing on its core business, in one of the clearest signs yet of how the AI boom is reshaping the technology sector.
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