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Nvidia reports $96.2 billion quarterly revenue driven by AI demand
Nvidia has reported record-breaking quarterly revenue of $96.2 billion, representing a 106% increase year-over-year. The company’s Data Center division was the primary driver, generating $89 billion, which accounts for approximately 93% of total revenue.
Looking ahead, Nvidia provided optimistic guidance, projecting approximately $108 billion in revenue for the third quarter. The company also issued a long-term forecast anticipating roughly 70% revenue growth through fiscal 2028, significantly outpacing Wall Street expectations of 45%.
CEO Jensen Huang noted that artificial intelligence has reached an “inflection point” where applications are generating tangible economic value. To support this demand, Nvidia has begun shipping its next-generation Vera Rubin platform and has expanded its partnership with Amazon Web Services to include an additional 2 million GPUs. Despite the rapid growth, executives warned that supply constraints for memory and components may act as a bottleneck through the end of fiscal 2028.
Entities
Amazon Web Services · Colette Kress · Jensen Huang · Nvidia · TSMC
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] The company projects 70% revenue growth through fiscal 2028. www.sharecafe.com.au · cryptobriefing.com · www.techspot.com · petroleoenergia.com · www.atlantico.net
- [● 2 SOURCES] Quarterly revenue increased 106% year-over-year. www.sharecafe.com.au · cryptobriefing.com
- [○ 1 SOURCE] The partnership with Amazon Web Services expanded to include an additional 2 million GPUs. cryptobriefing.com
- [● 3 SOURCES] Nvidia guided for approximately $108 billion in revenue for the third quarter. www.sharecafe.com.au · cryptobriefing.com · www.techspot.com
- [● 2 SOURCES] The Vera Rubin next-generation AI accelerator is in production. cryptobriefing.com · www.techspot.com
- [● 3 SOURCES] Nvidia reported quarterly revenue of $96.2 billion. www.sharecafe.com.au · cryptobriefing.com · www.techspot.com
- [● 2 SOURCES] Data Center revenue reached $89 billion. www.sharecafe.com.au · cryptobriefing.com