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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The U.S. has banned government employees working in Saudi Arabia from using airports in the country without special authorisation. It comes after a deadly Houthi strike on Riyadh's King Khalid International Airport killed at least 13 people last week.
U.S. President Donald Trump has called it “a disgrace” that Ukraine has resumed attacks on Russian oil refineries. Attacks are continuing from Russia and Ukraine as media reports say Ukraine has almost run out of Patriot interceptor missiles.
An unknown projectile struck a tanker 68 nautical miles northeast of Saudi Arabia on Friday according to a report released by the United Kingdom Maritime Trade Operations (UKMTO) on Saturday.
France is preparing for a fresh wave of nationwide demonstrations this weekend as rising living costs, education concerns and growing political tensions converge into one of the most significant protest movements seen in the country in recent years.
British Defence Secretary Wes Streeting has called for closer cooperation between the United Kingdom and the United States, arguing that the transatlantic partnership remains essential to addressing modern security challenges and maintaining stability across Europe.
Satellite restrictions affecting Ukraine's military have put SpaceX's Starshield network under scrutiny, raising questions about who controls the technology and who can restrict its use during wartime.
More than three centuries after the dodo disappeared from Mauritius, efforts to bring the iconic bird back from extinction are taking a new step forward.
Hackers forced the temperature of fridges and freezers in hundreds of French supermarkets up to 50 degrees Celsius overnight, causing fires and food losses in what the Paris Prosecutor’s Office described as a “large-scale” attack.
A software engineer employed by OpenAI has been arrested and charged by U.S. authorities after investigators alleged he secretly placed a concealed recording device inside an executive conference room at the artificial intelligence company.
NASA's Perseverance rover has set a new driving record on Mars, travelling 45.2 kilometres since landing in 2021 and surpassing every other robotic vehicle to explore a world beyond Earth, the U.S. space agency said on Tuesday.
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