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.
Saudi Arabia’s air defences have intercepted and destroyed a hostile drone over the Riyadh region, according to the Saudi-led coalition fight...
Police were deployed across Paris on Saturday, as a curfew was set to take effect in the Republique and Chât...
A drone strike hit a power station in northern Sudan early Sunday (1 November), sparking a fire and triggering loud explosions, witnesses said....
The U.S. has approved the sale of 500 Patriot PAC-3 missiles to Ukraine in a deal worth an estimated $2.1 billion, but Kyiv could face years of delays before receiving the weapons it urgently needs to defend against intensifying Russian attacks.
Iranian Supreme Leader Ayatollah Khamenei has ordered Iran's armed forces to respond to any threat immediately and without geographical limits in statements posted to social media platforms on Saturday (31 October).
Demonstrators carrying Iranian flags and placards supporting the hijab gathered outside the Azerbaijani Embassy in London.
A Chinese-made AI chip has matched Nvidia’s H200 in tests conducted by its developer, marking a potential breakthrough in China’s efforts to reduce its dependence on foreign technology.
A hacking group linked to North Korea is widely believed to be behind the theft of $6.3 billion from cryptocurrency giant Binance, a cyberattack that experts describe as the largest cryptocurrency heist on record.
Saudi Aramco's acquisition of a 49 per cent stake in artificial intelligence (AI) company HUMAIN is putting a spotlight on a wider investment question: why are some of the world's biggest energy companies moving deeper into AI, and what do they expect to gain?
A Chinese-made AI chip has matched Nvidia’s H200 in tests conducted by its developer, marking a potential breakthrough in China’s efforts to reduce its dependence on foreign technology.
Two of the United States' largest technology companies reported robust revenue growth in their latest quarterly results, underscoring the continued impact of artificial intelligence and cloud computing on the sector.
NVIDIA CEO Jensen Huang has praised Kazakhstan’s AI ambitions, highlighting its potential to become a global hub for Physical AI, launch startups and transform industries.
Türkiye is preparing to sue Meta, owner of Facebook and Instagram, over age-inappropriate content on social media, Turkish Education Minister Yusuf Tekin has said.
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