NVIDIA reported revenue for the second quarter ended July 26, 2026, of $96.2 billion, up 18% from the previous quarter and up 106% from a year ago. GAAP and non-GAAP gross margins were both 75.0%. GAAP and non-GAAP earnings per diluted share were $2.46 and $2.22, respectively.

"AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue," said Jensen Huang, founder and CEO of NVIDIA. "Demand is accelerating. The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment."

During the quarter, NVIDIA returned approximately $26.0 billion to shareholders. The company expects third-quarter revenue of $108.0 billion, plus or minus 2%, and does not assume any Data Center compute revenue from China in its outlook. GAAP and non-GAAP gross margins are expected to be 74.0%.

Data Center revenue was $89.0 billion, up 117% from a year ago. NVIDIA announced partnerships with Apollo, Black Rock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize over $500 billion for AI infrastructure. The Vera Rubin platform is ramping into full production with partners including Core Weave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure and Nebius.