Nvidia has reported blockbuster quarterly results, surpassing Wall Street expectations with record revenue of $68.1 billion. This marks a 73 percent increase from the previous year, signaling that the global artificial intelligence boom, largely powered by Nvidia's technology, remains strong.
Net income for the quarter more than doubled year-on-year to $42.96 billion. Nvidia designs the graphics processing units (GPUs) that are fundamental to AI development. Founded in 1993, the Santa Clara, California-based company now holds a market capitalization exceeding $4.7 trillion, making it the world's most valuable publicly traded company.
Major AI builders like Google, Amazon, Meta, and Microsoft are expected to collectively invest nearly $700 billion this year to maintain their competitive edge. Nvidia is the primary supplier of the AI chips and technology required for training and deploying generative AI capabilities.
CEO Jensen Huang stated that Nvidia's growth is propelled by a new phase in AI, where AI agents making decisions on behalf of humans are becoming increasingly prominent. He highlighted that computing demand is growing exponentially and enterprise adoption of agents is skyrocketing.
The company's data center division, responsible for selling high-performance AI chips, was the primary driver of growth. Revenue from this segment reached a record $62.3 billion for the quarter, up 75 percent year-on-year. For the full fiscal year ending January 25, 2026, Nvidia reported revenue of $215.9 billion.
Looking ahead, Nvidia forecasts current quarter revenue at approximately $78 billion, excluding any data center compute revenue from China due to ongoing US export controls. This projection comfortably exceeds Wall Street expectations and suggests sustained durability in AI infrastructure spending.