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.
Armenia and Azerbaijan are engaged in discussions about the potential export of various products from Armenia to Azerbaijan, as confirmed by Armenia's...
Turkish Foreign Minister Hakan Fidan has urged the U.S.-backed Syrian Democratic Forces (SDF) to “do its part for national unity” amid ongoing cla...
Iran's Supreme Leader Ayatollah Ali Khamenei on Friday (January 9) accused protesters of acting on behalf of U.S. President Donald Trump....
Türkiye has stepped back from mediating between Pakistan and Afghanistan after repeated efforts failed to narrow deep differences between Islamabad a...
Azerbaijan has dispatched a new rail shipment of petroleum products to Armenia, marking a continued resumption of trade following the lifting of long ...
Armenia and Azerbaijan are engaged in discussions about the potential export of various products from Armenia to Azerbaijan, as confirmed by Armenia's Minister of Economy, Gevorg Papoyan.
Iran's Supreme Leader Ayatollah Ali Khamenei on Friday (January 9) accused protesters of acting on behalf of U.S. President Donald Trump.
Türkiye has stepped back from mediating between Pakistan and Afghanistan after repeated efforts failed to narrow deep differences between Islamabad and Kabul.
Azerbaijan has dispatched a new rail shipment of petroleum products to Armenia, marking a continued resumption of trade following the lifting of long standing transit restrictions.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
U.S. President Donald Trump has warned that Iran could face a strong response from the United States if its authorities kill protesters amid ongoing unrest.
Iran is now facing a near‑total internet blackout as anti-government protests sweep the country. Major cities including Tehran have seen connectivity drop sharply, leaving millions of residents isolated from online communication.
Hungary’s foreign minister on Wednesday criticised European plans to establish military hubs in Ukraine, saying the move risks pushing Europe closer to a direct confrontation with Russia.
Ukrainian President Volodymyr Zelenskyy has called on the United States to target Ramzan Kadyrov, the leader of Russia’s Chechnya region, with an operation similar to the recent U.S. action that captured Venezuelan President Nicolás Maduro.
China has begun exporting a rapid blackout recovery technology designed to restore electricity in just 0.1 seconds, offering power grid protection to 12 countries facing rising risks of outages and instability.
Tesla delivered 1.64 million vehicles in 2025, down 9%, as BYD becomes the top EV maker.
SpaceX will gradually lower 4,400 Starlink satellites this year to improve space safety.
Poland has asked the European Commission to investigate TikTok after artificial intelligence-generated content calling for the country to leave the European Union appeared on the platform, which Warsaw says was likely Russian disinformation.
Tianhui-7 satellite to be used for geographic mapping, land resource surveys, and scientific research.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment