tech
Nvidia doubles Q2 revenue to $96 billion and crushes estimates, as CEO Jensen Huang says demand is accelerating
Nvidia doubled its revenue and profit year-over-year in its second quarter, and forecast sales in the current quarter that topped analyst estimates, as red-hot demand for its AI chips continues to bolster the company’s fortunes.
TL;DR
- Nvidia's second-quarter revenue reached $96.2 billion, a 106% increase year-over-year.
- The company forecast sales for the current quarter that surpassed analyst estimates.
- Nvidia projected a 70% annual sales growth rate for fiscal 2028.
- Data center revenue, a key driver of the AI business, was $89 billion.
- Non-GAAP earnings per diluted share were $2.22, beating analyst expectations.