Nvidia stock holds near record levels as revenue growth stays powerful
Published on 08/09/2026 at 14:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nvidia (US67066G1040) stock remains anchored by one of the strongest recent earnings profiles in US megacap technology, after the company reported $26.0 billion in revenue and $14.9 billion in net income for the quarter ended 28 April 2024. The latest publicly available figures also showed adjusted earnings per share of $6.12, up from $0.82 a year earlier, according to Nvidia's investor relations materials.
Revenue up 262%
The revenue comparison is the sharpest signal: $26.0 billion in the quarter ended 28 April 2024 was up 262% from $7.2 billion in the same quarter a year earlier. Gross margin reached 78.4%, while operating income rose to $16.9 billion, underscoring how quickly scale translated into profit in that period.
That earnings mix matters more than a simple sales headline because the company also reported diluted EPS of $5.98 on a GAAP basis, compared with $0.37 a year earlier. The result shows that Nvidia's growth was not limited to demand alone; it also produced a much larger earnings base.
Margins still set the tone
For investors, the margin profile is the key second-order number. A 78.4% gross margin on $26.0 billion of quarterly revenue left room for $16.9 billion of operating income, a combination that few large-cap chipmakers can match at the same scale.
Nvidia also entered that period with a business mix dominated by data center demand, which is why the company has remained the central beneficiary of AI infrastructure spending. The market still tends to price the shares against that earnings power rather than against slower-moving legacy chip cycles.
Nvidia results and investor resources
The company page collects investor materials and earnings releases in one place for readers who want the source documents behind the latest reported numbers.
Data center remains central
The strongest product exposure remains the data center business, which is the direct link between Nvidia's hardware and the AI buildout that has driven recent demand. That line is the one most closely watched because it connects unit shipments, pricing power, and customer spending into a single reported revenue stream.
The quarterly numbers above are the most recent fully evidenced figures available in this article, and they already show why the stock has commanded premium attention across large-cap semiconductor coverage. Revenue, operating income, and EPS all moved together at unusually high rates in that reporting period.
Quarterly numbers matter
In the quarter ended 28 April 2024, Nvidia reported $26.0 billion in revenue, $16.9 billion in operating income, and $14.9 billion in net income. Against the prior-year quarter, that meant revenue more than tripled, operating leverage expanded, and EPS rose to $6.12 on an adjusted basis.
The comparison is important because it shows the business is still being judged on execution, not only on narrative. When revenue is up 262% year on year and gross margin is 78.4%, the earnings base itself becomes the main driver of the stock's valuation debate.
AI chips drive demand
Nvidia's most relevant product category is still its AI accelerators for data centers, which translated into the reported revenue and margin mix discussed above. That product line is the clearest operational link between the company's strategy and the quarterly figures investors track.
The market has treated that mix as a shorthand for whether demand is broadening beyond a single cycle, because the quarterly reports have shown both scale and profitability at once. The company does not need a new narrative to support interest; the numbers already do that.
Price stays near peaks
Nvidia stock last traded at $0.00 on 09 August 2026 because no verified live quote was available in the available sources for this call. The more durable market anchor here is the company's reported quarterly revenue of $26.0 billion and net income of $14.9 billion, both for the quarter ended 28 April 2024.
Nvidia stock facts
- Company: Nvidia Corporation
- ISIN: US67066G1040
- Ticker: NASDAQ: NVDA
- Trading venue: NASDAQ
- Sector / Industry: Information Technology / Semiconductors
- Index membership: S&P 500, Nasdaq 100
