Nvidia reported Q2 revenue of $96.22 billion, far exceeding the $92.17 billion estimate, with adjusted earnings per share of $2.22 versus the expected $2.10. Revenue more than doubled from $46.7 billion a year ago. The company’s dominance in AI hardware continues, and its new Vera CPU for agentic AI claims to complete tasks 1.8x faster than industry standards. This move threatens AMD and Intel. Elon Musk endorsed Nvidia on a SpaceX earnings call, stating that SpaceX would build exclusively on Nvidia chips. Both AMD and Intel are developing their own AI chips, with AMD claiming some may outperform Nvidia’s offerings.
Nvidia’s Q2 quarterly earnings results showed revenue of $96.22 billion, well above the estimated $92.17 billion. Revenue more than doubled from last year’s $46.7 billion, while adjusted earnings per share came in at $2.22 compared to the expected $2.10.
Nvidia’s market dominance began with the rise of generative AI, which relies on GPU power. AMD and Intel have lagged in GPU development. Elon Musk endorsed Nvidia on a SpaceX earnings call in early August 2026, stating that SpaceX would build exclusively on Nvidia chips, calling them the best hardware in the market currently.
Many experts anticipated that AMD and Intel would gain an edge after the emergence of CPU-focused agentic AI. However, Nvidia introduced the stand-alone Vera CPU last quarter, built specifically for running AI agents. The company says its CPUs can complete agentic tasks 1.8x faster than industry standards.
Nvidia’s entry into the CPU market puts pressure on AMD and Intel. Both companies are making their own AI chips, and AMD has claimed that some of its latest chips can outperform Nvidia’s offerings.
