tech
February 26, 2026
Nvidia has another record quarter amid record capex spends
"The demand for tokens in the world has gone completely exponential," Nvidia CEO Jensen Huang said about the company's earnings.
TL;DR
- Nvidia achieved record profits and revenue in the most recent quarter, with a 73% increase year-over-year.
- The data center business accounted for $62 billion of the $68 billion revenue, with compute revenue (GPUs) being $51 billion.
- CEO Jensen Huang described the demand for AI compute as "completely exponential," leading to increased pricing.
- Nvidia has not yet generated revenue from chip exports to China, despite government approvals for some products.
- The company is reportedly close to a partnership agreement with OpenAI and is also working with Anthropic, Meta, and xAI.
- Huang stated that in the AI world, "compute is revenue" and that the company is at an inflection point for generating profitable compute.
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