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.
- On Thursday, Nvidia shares surged nearly 7% after the company doubled fiscal Q2 revenue to $96.2 billion from a year earlier.
- CFO Colette Kress credited the 117% year-over-year growth in data center revenue to $89 billion to Blackwell Ultra infrastructure expansion and capacity additions at partners including Google Cloud and Microsoft Azure.
- Strategic commitments surged to $279 billion from $119 billion sequentially, driven by memory procurement, while adjusted earnings per share jumped 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 Kress warned the company remains "supply constrained," while securing long-term data center leases with terms reaching twenty years.
- Forrester principal analyst Naveen Chhabra told IBTimes UK that "AI infrastructure demand is still accelerating, but supply constraints, ecosystem lock-in, and ROI pressure are becoming the dominant strategic issues," as Nvidia backs major customers including OpenAI's SoftBank data center project in Ohio.
14 Articles
14 Articles
After Nvidia Confirms the AI Boom Is Alive, Cybersecurity Stocks Are Ripping Higher
Nvidia just shattered revenue records, and now a wave of cybersecurity stocks is surging in its wake. The connection between these two sectors runs deeper than a simple momentum trade, and understanding it could reshape how you think about playing the AI boom.
Nvidia ignites chip stock rally as forecast shows AI boom is intact
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.
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
