Nvidia Q2 net income more than doubles to $59.7 billion on robust AI chip demand

Nvidia returned $26.0 billion to shareholders via buybacks and dividends during the quarter, with $99.0 billion remaining under its current authorisation.Nvidia has reported a 126 per cent year-on-year jump in its consolidated net income to $59.69 billion for the second quarter ended July 26, 2026, driven by global demand for AI infrastructure.Total revenue for the quarter rose 106 per cent YoY to $96.22 billion, surpassing Wall Street expectations.

On a sequential basis, top-line growth stood at 18 per cent.The American tech company follows a February-January calendar for reporting its financial results.Operating margins remained firm, with gross margin at 75 per cent, up from 72.4 per cent in the corresponding period of the previous fiscal year.According to the company, the flagship Data Center division continued its stellar run, accounting for over 92 per cent of top-line revenue.

The segment generated $89.0 billion, marking a 117 per cent YoY and 18 per cent sequential surge, propelled by scaling enterprise deployments and hyperscaler demand.The Edge Computing segment logged revenue of $7.2 billion, reflecting a 27 per cent YoY expansion as on-device AI integration gained traction across client hardware ecosystems."AI has reached its inflection point.

It's doing useful work.

Its tokens are productive and profitable," said Jensen Huang, founder and CEO of Nvidia."The AI infrastructure buildout is at full steam.