{"id":6112,"date":"2026-08-27T09:08:48","date_gmt":"2026-08-27T09:08:48","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=6112"},"modified":"2026-08-27T09:08:48","modified_gmt":"2026-08-27T09:08:48","slug":"nvidia-doubles-quarterly-revenue-to-96-billion-and-crushes-wall-street-growth-targets-as-ceo-jensen-huang-says-demand-is-accelerating","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=6112","title":{"rendered":"Nvidia doubles quarterly revenue to $96 billion and crushes Wall Street growth targets as CEO Jensen Huang says demand is accelerating"},"content":{"rendered":"
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Revenue in the three months ended July 26 totaled $96.2 billion, up 18% over last quarter and 106% from the year-ago period, the company reported Wednesday\u2014crushing analyst estimates of $92.2 billion. <\/p>\n

Read more Nvidia gave its first-ever year-ahead forecast\u2014a 70% growth bombshell meant to silence AI bubble critics and \u2018circular financing\u2019 doomsayers<\/a><\/p>\n

In a rare move, the chipmaker provided a revenue growth outlook for fiscal 2028 that forecast annual sales to increase 70% from the prior year. While Nvidia did not provide a specific revenue figure for fiscal 2028, the 70% growth rate is well above the 44% growth expected by analysts. <\/p>\n

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Shares of Nvidia which had initially declined slightly after the earnings report, reversed course and increased by more than 5% in after hours trading as company executives discussed the results on the conference call.<\/p>\n

\u201cAI has reached its inflection point. It\u2019s doing useful work. Its tokens are productive and profitable. Now, compute is revenue,\u201d said Jensen Huang, founder and CEO of Nvidia in a statement. \u201cAnd demand is accelerating,\u201d he said. <\/p>\n

Read more Political powerbroker George Norcross is giving $100 million to the hospital where he was born\u2014which will now carry his name<\/a><\/p>\n

For the quarter currently underway, Nvidia guided to revenue of $91 billion plus or minus 2%, outpacing the average analyst expectation of $103.9 billion.<\/p>\n

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Data center revenue, the overwhelming majority of Nvidia\u2019s AI business, clocked in at $89 billion, compared to analyst estimates of $85.7 billion. Last quarter, the data center segment produced $75.2 billion in revenue, up 92% from the year prior when revenue was $39.1 billion. Within the data center business, Nvidia reported $48.7 billion in hyperscale revenue and $40.3 billion in AI clouds, industrial, and enterprise (ACIE) revenue, a breakdown the company adopted to make large cloud customers distinct from AI-native clouds, sovereign AI, and on-premises enterprise.\u00a0<\/p>\n

Nvidia reported non-GAAP earnings of $2.22 per diluted share. Analysts had expected $2.06 to $2.09. Last quarter, Nvidia earned $1.87 per share as a non-GAAP figure and $2.39 on a GAAP basis. The company began including stock-based compensation in its non-GAAP results, which makes direct comparisons to previous fiscal years less of an apples-to-apples distinction.<\/p>\n

Read more Crypto traders turn Dolly Parton\u2019s death into a memecoin frenzy<\/a><\/p>\n

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Nvidia’s second quarter fiscal 2027 earnings results were released after the market closed on Wednesday. <\/p>\n","protected":false},"author":1,"featured_media":6111,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[124],"tags":[],"class_list":["post-6112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nvidia"],"yoast_head":"\nNvidia doubles quarterly revenue to $96 billion and crushes Wall Street growth targets as CEO Jensen Huang says demand is accelerating - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=6112\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nvidia doubles quarterly revenue to $96 billion and crushes Wall Street growth targets as CEO Jensen Huang says demand is accelerating - 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