SAN FRANCISCO - US chip giant Nvidia reported Wednesday its revenue of $46.7 billion for the second quarter of fiscal year 2026 ended July 27, 2025, marking a 6-percent increase from the previous quarter and a 56-percent rise compared to the same period last year.

Nvidia's quarterly net income jumped to  $26.4 billion, up 59 percent year-over-year. The revenue of its Blackwell Data Center grew 17 percent sequentially, the company said.

Generally accepted accounting principles (GAAP) earnings per diluted share for the quarter were 1.08 dollars, up 42 percent from the previous quarter and 61 percent from a year ago. Non-GAAP earnings per diluted share were 1.05 dollars, up 30 percent from the prior quarter and 54 percent from a year ago, said Nvidia.

For the quarter, GAAP and non-GAAP gross margins were 72.4 percent and 72.7 percent, respectively, according to Nvidia.

"Blackwell is the AI platform the world has been waiting for, delivering an exceptional generational leap -- production of Blackwell Ultra is ramping at full speed, and demand is extraordinary," said Jensen Huang, founder and CEO of Nvidia. "The AI race is on, and Blackwell is the platform at its center."

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During the first half of fiscal year 2026, NVIDIA returned $24.3 billion to shareholders in the form of shares repurchased and cash dividends. As of the end of the second quarter, the company had 14.7 billion dollars remaining under its share repurchase authorization.

On Aug 26, 2025, the company's board approved an additional $60 billion to the share repurchase authorization, without expiration.

Nvidia will pay its next quarterly cash dividend of 0.01 dollars per share on Oct 2, to all shareholders of record on Sept 11.