NVIDIA has posted another extraordinary quarter as spending on artificial intelligence infrastructure continues to accelerate. The chipmaker reported $96.2 billion in revenue for the second quarter ended July 26, 2026, while net income reached $59.7 billion.
Revenue jumped 106% year-over-year and 18% compared with the previous quarter. GAAP operating income climbed 124% to $63.7 billion, showing that NVIDIA is not just benefiting from rising AI demand but is turning that demand into unusually high profits. The company maintained a gross margin of 75% during the quarter.
The numbers put NVIDIA among the most profitable companies in the world. Its operating results are notable because the profit is being generated primarily by its core business rather than large investment gains or other one-time factors.
AI data centers remain the clear source of NVIDIA’s growth. The Data Center business generated $89 billion in revenue during the quarter, up 117% from a year earlier. It accounted for more than 92% of NVIDIA’s total quarterly revenue.
This also shows how heavily NVIDIA’s business has shifted toward AI infrastructure. Gaming, professional visualization and other businesses now make up only a small portion of the company’s overall revenue compared with its Data Center operation.
NVIDIA expects the momentum to continue. The company is forecasting $108 billion in revenue for the next quarter. The forecast does not include any Data Center compute revenue from China, and the latest quarter also saw no meaningful shipments to the Chinese market.
The company is also expanding one of its biggest cloud partnerships. Amazon Web Services plans to deploy another 2 million NVIDIA GPUs across its infrastructure during 2027 and 2028. This comes after AWS earlier announced plans to deploy more than one million NVIDIA GPUs.
The upcoming deployments will include NVIDIA’s Blackwell Ultra, Rubin and Rubin Ultra platforms. The expanded partnership will also cover NVIDIA Vera CPUs and deeper integration with AWS technologies such as Nitro and Elastic Fabric Adapter.
The relationship goes beyond hardware. AWS will expand support for NVIDIA’s Nemotron AI models through Amazon Bedrock and SageMaker. The two companies are also working on AI infrastructure for the US government that is expected to include 100,000 GPUs.
The AWS deal gives NVIDIA another major source of future demand at a time when cloud providers and AI companies are spending heavily on data center capacity. With the next generation of NVIDIA GPUs already part of the deployment plans, the company’s current growth appears to be extending well beyond the Blackwell generation.
For now, NVIDIA’s results show how large the AI infrastructure market has become. More than 92% of its quarterly revenue is coming from Data Center products, and the company is still forecasting more than $100 billion in revenue for a single quarter. The bigger question is no longer whether AI infrastructure spending is large enough to support NVIDIA’s growth, but how long this extraordinary level of spending can continue.
