Nvidia says 40% of Q2 FY26 revenue came from just 2 customers: Who are the mystery buyers?

Nvidia says 40% of Q2 FY26 revenue came from just 2 customers: Who are the mystery buyers?

These figures underline that Nvidia appears to be heavily dependent on sales from a small group of customers even as concerns of an AI spending bubble grow.

Nvidia sounds alarm as investor concerns persist despite strong Q2

It looks like chipmaking giant Nvidia may be in trouble. Nvidia’s latest earnings report for the second quarter of fiscal year 2026, ending July 27, 2025, reinforces its dominant position in the AI and data center markets, while also highlighting several underlying risks. The company posted record revenue of $46.7 billion, marking a 6% increase quarter-over-quarter and a 56% surge year-over-year. This growth continues to be driven primarily by i…

Nvidia says two customers represented 39% of revenue in Q2

For the first half of its fiscal year, Nvidia reported that these two unnamed customers contributed 20% and 15% of total revenue In sum – what to know: Two buyers drive 39% of Q2 revenue – Nvidia’s filing shows that two customers accounted for nearly two-fifths of its record-breaking second-quarter sales. Heavy reliance on a […]

40% of NVIDIA's Revenue Comes From Just Two Mysterious Customers

Microsoft? Google? The military?

Nvidia Says Two Buyers Drove 39% of Q2 Sales

Just two customers drove 39% of chipmaker Nvidia’s second-quarter revenue, TechCrunch reported Saturday (Aug. 30), citing a securities filing. The filing came in the wake of Nvidia’s earnings report last week, in which the firm, the most valuable company in the world, logged record revenue of $46.7 billion during the quarter, a 55% jump fueled largely by the artificial intelligence data center boom. However, the filing underscored how …