Nvidia reported $81.6 billion in quarterly revenue for the quarter ended April 2026, with management forecasting $91 billion next quarter, reflecting sustained growth in AI semiconductor demand.
Navitas Semiconductor, which exited its China mobile and consumer business last year to focus on AI, has reversed a steep 2025 sales decline and posted $10.5 million in Q2 2026 revenue, with management forecasting $13.5 million for Q3—positioning the company's AI pivot as strategically sound for investors watching semiconductor exposure to artificial intelligence.
What happened
Nvidia reported $81.6 billion in quarterly revenue for the period ended April 2026, with management forecasting $91 billion for the next quarter. Navitas Semiconductor, after a strategic pivot away from its mobile and consumer business in China last year, posted $10.5 million in Q2 2026 revenue—an upward trend reversing the 2025 decline—and forecasts $13.5 million for Q3 2026.
Why it matters
Nvidia's consistent quarter-over-quarter growth reflects strong customer demand for AI semiconductors, while Navitas's turnaround validates its decision to exit the China market (which had accounted for 60% of sales in 2024) and refocus on AI products. For investors, these trends signal which companies are capturing AI market opportunity and which are successfully repositioning.
What to watch
Navitas's Q3 2026 forecast of $13.5 million in revenue—if achieved, it would mark three consecutive quarters of growth and confirm the success of its AI strategy shift. Nvidia's $91 billion next-quarter guidance will indicate whether AI chip demand continues accelerating.
Nvidia and Navitas Semiconductor represent two divergent paths within the AI semiconductor market. Nvidia has maintained consistent upward momentum, with quarterly revenue growing from $30.0 billion in Q3 2024 to $81.6 billion in Q2 2026—a trajectory that reflects the company's success in capturing enterprise demand for graphics processing units and accelerated computing hardware. Management's forecast of $91 billion for the next quarter suggests this acceleration is expected to continue. Navitas Semiconductor, by contrast, faced a strategic inflection point. The company's decision to exit its mobile and consumer business in China—historically its largest revenue source at 60% of 2024 sales—triggered a sharp decline through 2025, bottoming in Q4 of that year. However, the body's data shows a reversal beginning in Q1 2026 ($8.6 million) and continuing into Q2 2026 ($10.5 million). This recovery, combined with management's Q3 forecast of $13.5 million, suggests the pivot toward artificial intelligence products is validating the company's strategic shift. For investors, these trends illustrate how companies positioned squarely in AI infrastructure (Nvidia) are scaling rapidly, while those transitioning from legacy markets to AI (Navitas) face near-term pain but may be positioning themselves for longer-term opportunity.
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