Nvidia Beats Q2 Estimates

Nvidia reported $96.2 billion in revenue for the quarter ended July 26, up 106% from a year earlier and above the $92.17 billion analysts expected, as data-center sales reached $89 billion. The chipmaker forecast $108 billion in revenue for the current quarter and posted adjusted earnings of $2.22 a share, versus estimates of $2.10. CFO Colette Kress told investors Nvidia expects fiscal 2028 revenue growth of 70%, above the 44% analyst consensus, while CEO Jensen Huang said AI chip demand is accelerating. Nvidia shares rose about 4% in extended trading after the results.