Nvidia just printed a $96 billion AI quarter

Nvidia reported fiscal second-quarter results on Aug. 26, 2026, and the print is what markets had been waiting for: proof that the AI buildout is still converting into cash.

Revenue hit $96.2 billion, up 106% from a year earlier. Data-center sales were $89.0 billion, up 117%, and now make up about 92% of the company. Adjusted EPS came in at $2.22. 12

Demand is no longer only the hyperscalers. Those buyers still posted $48.7 billion, more than double a year ago. AI clouds, industrial, and enterprise (ACIE) customers added $40.3 billion, up 138%. 3

The forward guide is what pushed the story into the next day. Nvidia guided third-quarter revenue to $108 billion ±2%, above the street, and said sales should grow about 70% in the next fiscal year — against analyst expectations near 44%. The Q3 outlook assumes no data-center compute revenue from China. CEO Jensen Huang put the frame in one line: AI has reached an inflection point, and “compute is revenue.” 12

What stays tight: memory shortages, a planned margin trough toward 71–72% in fiscal Q4, and China sales still outside the official outlook. 23