Rubbish Check
Forbes Business · 26 August 2026
source“Nvidia Posts $96 Billion Quarter As AI Boom Powers 106% Growth In A Year”
R2/ 10
Lightly altered
Rubbish Rating — 1 = base fact, 10 = pure rubbish
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In short
Rubbish Talk rates Forbes' claim that Nvidia posted a "$96 billion quarter" with "106% growth" a 2/10 because both figures match Nvidia's reported $96.2 billion revenue and 106% year-over-year increase exactly, with only the stock's post-earnings drop left out of the headline.
The Verdict
Lightly altered. The two numbers in the headline are the base fact, not a spin on it: Nvidia's reported revenue and growth rate match the primary figures precisely. The single omission, that shares still fell despite the beat, is a minor one since the headline is about the earnings print, not the market reaction, and that reaction is covered further down in the piece.
What actually happened
Nvidia reported fiscal second-quarter revenue that beat Wall Street's forecast and roughly doubled year over year, and guided to another sequential increase for the current quarter. The company also beat on earnings per share, while its data center segment, the core of the AI infrastructure story, grew more slowly than overall revenue.
Key facts
- Revenue: $96.2 billion, up 106% from $46.7 billion a year earlier, beating the ~$92.2 billion analyst forecast.
- Net income: $59.7 billion, up from $26.4 billion a year earlier; adjusted EPS $2.22 vs. $1.05, beating the $2.09 estimate.
- Guidance: $108 billion for the current quarter (±2%), above the ~$104.2 billion consensus.
- Data center revenue: $75.2 billion, up 92% year over year, a slower growth rate than the 106% headline figure.
- Shares fell ~1.6% ahead of the report and a further 1% after hours.
- Three customers accounted for 21%, 17% and 16% of revenue and 64% of accounts receivable.
What to watch for
Watch whether data center growth continues to lag the headline revenue growth rate, a gap that points to other segments (or one-off items) doing more of the work. Also watch the customer concentration figures and Nvidia's expanding role financing AI infrastructure deals for the companies buying its chips, a dynamic that could resurface if any major customer pulls back.
About this scoreThe R-Score is Rubbish Talk's editorial opinion on how far a headline's framing sits from what the underlying facts support. It is a judgement about presentation and emphasis, not an allegation that any outlet has acted dishonestly. Every figure we rely on is linked under Receipts so you can check it yourself.
