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.
Related event: Nvidia Posts $96.2B Quarter, Doubling Revenue, Guides 70% Growth Next Year(18 posts)→
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