NVIDIA Reports Massive Profits

<p align&equals;"justify">NVIDIA &&num;8212&semi; the world&&num;8217&semi;s most valuable company based on stock market capitalization &&num;8212&semi; reported record revenues of &dollar;96&period;2 billion for the second quarter ended July 26&comma; 2026&comma; up 18&percnt; from the previous quarter and up 106&percnt; from a year ago&period;<&sol;p>&NewLine;<p align&equals;"justify">Demand for the company&&num;8217&semi;s AI chips led to enormous profits in the quarter with &dollar;59&period;688 billion in net income&period;<&sol;p>&NewLine;<p align&equals;"justify">Data center revenue was &dollar;89&period;0 billion&comma; up 18&percnt; from the previous quarter and up 117&percnt; from a year ago&period; Second-quarter Edge Computing revenue was &dollar;7&period;2 billion&comma; up 13&percnt; from the previous quarter and up 27&percnt; from a year ago&period;<&sol;p>&NewLine;<p align&equals;"justify">&OpenCurlyDoubleQuote;AI has reached its inflection point&period; It’s doing useful work&period; Its tokens are productive and profitable&period; Now&comma; compute is revenue&comma;” said Jensen Huang&comma; founder and CEO of NVIDIA&period; &OpenCurlyDoubleQuote;And demand is accelerating&period; This time last year&comma; one lab alone was driving the buildout&semi; today&comma; we have a golden age of new AI labs and startups&comma; multiple frontier labs scaling in parallel&comma; a thriving open-model ecosystem and physical AI coming online — with strong momentum across the U&period;S&period; and around the world&period; The AI infrastructure buildout is at full steam&period; Vera Rubin&comma; now in full production&comma; was built to power exactly this moment&period;”<&sol;p>&NewLine;<p align&equals;"justify">During the second quarter of fiscal 2027&comma; NVIDIA returned approximately &dollar;26&period;0 billion to shareholders in the form of shares repurchased and cash dividends&period; As of the end of the second quarter&comma; the company had approximately &dollar;99&period;0 billion remaining under its share repurchase authorization&period;<&sol;p>&NewLine;<p align&equals;"justify">NVIDIA said it will pay its next quarterly cash dividend of &dollar;0&period;25 per share on October 1&comma; 2026&comma; to all shareholders of record on September 10&comma; 2026&period;<&sol;p>&NewLine;<p align&equals;"justify">The company had &dollar;22&period;4 billion in cash at the end of the quarter along with &dollar;34&period;1 billion in marketable debt securities and &dollar;42&period;7 billion in marketable equity securities&period;<&sol;p>&NewLine;