Nvidia Q2 Revenue Hits $81.6B with 72% Margin, AMD Trails at $10.3B
NVDA•Nvidia posted Q2 2026 revenue of $81.6 billion with a 72% net income margin, compared to AMD’s Q1 2026 revenue of $10.3 billion and 14% margin. Nvidia’s leadership in AI data-center chips drives consistent quarter-over-quarter growth, while AMD’s 38% year-over-year gain trails behind.
1. Revenue and Margin Comparison
In Q2 2026, Nvidia reported revenue of $81.6 billion and a net income margin of 72%, while AMD’s Q1 2026 revenue reached $10.3 billion with a 14% margin. Nvidia’s top line more than octupled AMD’s and generated over five times higher profitability.
2. Growth Drivers and Profitability
Nvidia’s dominant position in AI data-center chips fueled its strong quarter-over-quarter expansion, capturing high-margin contracts with cloud and enterprise clients. AMD achieved 38% year-over-year revenue growth driven by diversified CPU and GPU sales, but at significantly lower profit margins.
3. Competitive Implications
The widening revenue and margin gap underscores Nvidia’s clear leadership in the AI semiconductor market, likely reinforcing its premium valuation. AMD’s solid growth indicates a viable competitor, but its lower profitability may limit its ability to invest at the same scale in next-generation AI products.
