Business & Markets
Nvidia forecasts $108bn quarter as revenue doubles
Nvidia reported quarterly revenue of $96.2 billion for the quarter ending July 26 and forecast about $108 billion for the current quarter, pointing to continued demand linked to artificial intelligence spending.
Revenue rose 106 percent from a year earlier and 18 percent from the previous three months. Net profit reached $59.7 billion, up 126 percent from a year earlier, with the figure boosted by $7.8 billion in gains from Nvidia's stakes in AI companies.
Nvidia's results are closely tied to large purchases by AI companies and cloud groups, including OpenAI, Anthropic, Meta and Google. The company is widely seen as a bellwether for AI-related spending.
The company again projected no revenue from sales of AI computing chips in China in its forecast. The item said Beijing had only recently begun allowing limited quantities of Nvidia's H200 processors into the country, with ByteDance and Tencent reportedly receiving about 10,000 units each in recent weeks.
Nvidia remains the world's most valuable publicly traded company, ahead of Apple.
Update
Nvidia forecast about $108 billion in revenue for the current quarter.
Net profit reached $59.7 billion, up 126 percent from a year earlier, including $7.8 billion in gains from stakes in AI companies.
Nvidia projected no revenue from sales of AI computing chips in China in its current-quarter forecast.
The item says Amazon, Microsoft, Alphabet and Meta are on track to spend roughly $800 billion on data centers and AI infrastructure this year.
The item says Nvidia has faced increased questions about financing AI expansion through support for AI developer clients.
Source note: AFP news report published on 26 August 2026 at 21:05:02 UTC.
Update
Nvidia reported quarterly revenue of $96.2 billion.
Revenue for the quarter ending July 26 rose 106 percent from a year earlier and 18 percent from the previous three months.
Nvidia forecast stronger sales ahead.
Source note: AFP news report published on 26 August 2026 at 20:37:53 UTC.
Uncertainty notes
The source does not name the analysts behind the cited Wall Street forecasts or industry-wide spending expectations.
The reported H200 processor shipments to ByteDance and Tencent are not independently confirmed in the supplied material.
Source
AFP news report published on .