Nvidia on Wednesday published its financial results for the second quarter of its fiscal year 2026, posting record revenue of $46.743 billion and marking its best quarter ever. During the quarter the company managed to tangibly increase sales across all product categories both sequentially and year-over-year. Yet, AI GPUs accounted for nearly 88% of its revenue, asserting Nvidia's dominance in the AI hardware segment. But perhaps the biggest thing that will please Nvidia's investors is its outlook for the third quarter.
For the second quarter of fiscal year 2026, Nvidia posted GAAP revenue of $46.7 billion, up 56% year-over-year (YoY) and 6% quarter-over-quarter (QoQ). The company's net income surged to $26.4 billion, a 59% increase from the same period last year, despite the fact that the company's gross margin dropped 72.4% from 75.1% a year ago, to some degree due to a $180 million charge related to banned sales of its H20 AI accelerators to Chinese entities. However, Nvidia's gross margin increased sharply from 60.5% in the prior quarter.
