Nvidia Stock Reaches Previous Record as Quarterly Revenue Rises by 41%
Nvidia (NVDA) stock has returned to its previous record high of $235.74 per share after reaching a peak in May, with the company's quarterly revenue increasing significantly since then. In fiscal Q2 ending July 26, 2026, Nvidia reported revenue of $96.2 billion — up 41% compared to its previous record quarter from mid-2025 (fiscal Q4 2026 at $68.1 billion). The growth has been driven primarily by the data center segment, which now accounts for over 90% of total revenue and saw a jump from $62.3 billion to $89.0 billion in just two quarters. Nvidia's non-GAAP earnings also rose sharply — up around 40% between fiscal Q4 and Q2 — while the company guided for continued growth, forecasting $108 billion in revenue for fiscal Q3 (a potential sequential increase of about 12%). Despite a similar share price to May’s peak, Nvidia's adjusted earnings have increased by roughly 50%, lowering its P/E ratio from around 51 to approximately 34.
Tickers: $NVDA