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The takeaway: Nvidia this week reported blockbuster results for the quarter ending in July 2026 and issued ambitious revenue guidance that topped Wall Street consensus estimates. The company's stock jumped more than 7% in early trading on Thursday after Nvidia confirmed that it expects demand for high-end AI accelerators to remain strong in the near future.
According to Nvidia's official filing with the SEC, quarterly revenue for the three-month period ending in July 2026 reached $96.22 billion, beating the $91.90 billion expected by Wall Street. Net income more than doubled to $53.95 billion, up from $24.76 billion in the previous quarter. Adjusted earnings came in at $2.22 per share, higher than the $2.08 expected by analysts.
In the current quarter, Nvidia expects revenue to reach around $108 billion. The projection is largely in line with analyst estimates, with most banks and brokerage firms forecasting sales between $105.2 billion and $110 billion. In fiscal 2028, the company expects revenue to grow by around 70%, significantly higher than the 45% projected by analysts.
