Nvidia Reports Record Revenue of $96.2 Billion, Shares Rise on Strong Outlook
Nvidia Corporation (NASDAQ: NVDA) reported record fiscal second-quarter revenue of $96.2 billion, a 106% increase year-over-year and an 18% rise from the previous quarter. The company's Data Center segment saw a significant jump in sales to $89 billion, up 117%, while adjusted earnings per share came in at $2.22, exceeding analyst expectations of $2.09. Following initial after-hours volatility, shares rose more than 4% as investors reacted positively to the company's guidance and expansion plans with Amazon Web Services. Nvidia expects third-quarter revenue between $106 billion and $110 billion, well above Wall Street’s estimate of $104.19 billion. The outlook excludes Data Center chip sales to China but allows for potential upside if market conditions improve. CEO Jensen Huang highlighted the inflection point in AI adoption and announced plans to deploy 2 million additional GPUs with AWS over two years. The company also revealed a multiyear commitment of $366 billion toward AI infrastructure, including supply chain investments and phased guarantees. This positions Nvidia for continued growth as demand across various sectors drives further expansion.
Tickers: $NVDA
Topics: AI Data Center revenue semiconductors stock performance