Nvidia stock climbs after $96.2 billion quarter and 70% forecast

Nvidia stock jumps after a $96.2 billion second quarter and a new outlook for 70% revenue growth in fiscal 2028. The shares also traded at $227.98, close to the upper end of their 52-week range.

Nvidia Corporation (US67066G1040) stock climbed after the company said revenue reached $96.2 billion in the second quarter ended July 26, 2026, while non-GAAP earnings per share came in at $2.22 and data center revenue hit $89.0 billion. The shares were last quoted at $227.98 on August 28, 2026, with a 52-week range of $164.07 to $236.54 and market cap of $5.51 trillion.

Quarterly numbers

The latest press release said second-quarter revenue rose 106% from a year earlier and 18% from the prior quarter, which puts the scale of the business move into sharp relief. Gross margin held at 75.0%, operating income reached $63.7 billion, and net income rose to $59.7 billion, all for the quarter ended July 26, 2026.

Management also guided third-quarter revenue to $108.0 billion, plus or minus 2%, and said gross margin should be 74.0%, plus or minus 50 basis points. That guidance matters because it follows a quarter in which revenue beat the year-earlier $46.7 billion base by $49.5 billion.

AI demand stays strong

The same release said Vera Rubin is now in full production, with racks running at partners including CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure and Nebius. It also said NVIDIA plans to pay a quarterly cash dividend of $0.25 per share on October 1, 2026, to holders of record on September 10, 2026.

Analysts and traders are also reacting to the company’s outlook for fiscal 2028, where management said revenue should grow 70%, well above the 45% market view cited in same-day reporting. A 70% growth guide from a company already at $96.2 billion in quarterly sales is the number investors are likely to keep comparing against.

Product line

Vera Rubin is the current product name doing the most work in the story. NVIDIA says the platform is already in full production, and the release ties it directly to data center demand, next-generation networking and AI factory deployments.

Stock level

As of August 28, 2026, Nvidia stock traded at $227.98, after a prior close of $209.66 and a day range of $220.90 to $230.47. The stock also showed volume of 298.91 million shares, well above its 3-month average volume of 141.59 million.

Fact box

Company: NVIDIA Corporation
ISIN: US67066G1040
Ticker: NVDA
Exchange: Nasdaq
Sector / Industry: Technology / Semiconductors & Semiconductor Equipment
Index membership: Nasdaq-100
Market cap: $5.51 trillion (as of August 28, 2026)
Price (as of August 28, 2026): $227.98 USD
Next earnings date: November 25, 2026