Nvidia profit doubles to $59.7B, AI spending boom continues
pstAsiatech · x · 2026-08-27
Nvidia reported quarterly profit doubling year-over-year to $59.69 billion, with revenue also doubling to $96.22 billion, beating Wall Street expectations. The company projects current quarter revenue to grow 90% YoY to $108 billion, and anticipates 70% growth next year despite being "supply-constrained". CEO Jensen Huang stated AI has reached an inflection point, with supply bottlenecks expected to last through at least January 2028.
More from Infra
- How Microsoft optimized Windows for Nvidia's Arm-based RTX Spark AI laptops — tomwarren · 2026-10-15
- How Microsoft optimized Windows for Nvidia's Arm-based RTX Spark laptops — The Verge AI · 2026-10-15
- Global smartphone shipments plunge 22% in worst quarterly decline on record as AI demand fuels memory costs — Polymarket · 2026-10-15
- SK Hynix drops 11% again, now below 3x FY2027 earnings as AI memory selloff deepens — JOBhakdi · 2026-10-15
- ASML Sells Zero Lithography Machines into Europe as US Hosts 75%+ of AI Compute — NinaDSchick · 2026-10-15
- Nvidia quietly reclassified SPCX as 'Hyperscale', signaling deeper neocloud reliance — RihardJarc · 2026-10-15