Nvidia Revenue Doubles over Last Year, as Company Forecasts Record Growth
Data-center demand and Blackwell expansion drove the jump, while Colette Kress said Nvidia remains supply constrained and could double revenue again next year.
- Nvidia shares surged nearly 7% on Thursday after the company doubled fiscal Q2 revenue to $96.2 billion from a year earlier, validating accelerating AI infrastructure spending.
- Data center revenue reached $89 billion, a 117% year-over-year increase, as CFO Colette Kress credited growth to Blackwell Ultra infrastructure expansion and capacity additions at partners like Google Cloud and Microsoft Azure.
- Strategic commitments rose to $279 billion from $119 billion sequentially, while adjusted earnings per share surged over 120% to $2.22 and GAAP and non-GAAP gross margins both reached 75%.
- Nvidia projects around $108 billion in fiscal Q3 revenue, though CFO Kress warned the company remains "supply constrained." The firm continues securing data center leases with terms up to twenty years.
- Forrester principal analyst Naveen Chhabra stated "AI infrastructure demand is still accelerating, but supply constraints, ecosystem lock-in, and ROI pressure are becoming the dominant strategic issues," as Nvidia continues supporting customers like OpenAI and SoftBank in Ohio.
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US chipmaker Nvidia's revenue rose 106 percent year-on-year to $96.2 billion in the three-month period, exceeding market expectations.
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Nvidia has calmed investor anxieties regarding the AI surge, forecasting a remarkable seventy percent increase in revenue for the upcoming fiscal year. This optimistic outlook highlights sustained investments in artificial intelligence technology. Following this development, shares of other AI-related chip manufacturers also rose, with Nvidia witnessing a substantial one-day boost in its market capitalization.
Nvidia Stock Soars After Making $96B in Just 3 Months: CFO Says It Could Have Made Twice as Much
Nvidia shares surged by nearly 7% during premarket hours on Thursday after the company doubled its fiscal Q2 revenue to $96.22 billion from $46.74 billion a year earlier. Adjusted earnings per share also surged by over 120% to $2.22 from $1.01 a year earlier. For fiscal Q3, the company expects around $108 billion in revenue with gross margins of 74%. However, Nvidia chief financial officer Colette Kress said during the earnings call that the com…
Nvidia, the manufacturer of chips used to power artificial intelligence, announced on Wednesday quarterly revenues of $96.2 billion, once again far exceeding Wall Street estimates. However, the American company's colossal results have had little impact on the market. How can this be explained?
Thanks to the AI boom, the most valuable company in the world continues to spin profits. With the profit, a billion-dollar takeover can also be easily financed.
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