NVIDIA announced its second-quarter results. Revenue was $96.2 billion, up 106% year on year, while its data center business posted strong growth to $75.2 billion. The outlook for the next three quarters was also above market expectations.
NVIDIA's second-quarter results, announced on 26 August U.S. time, showed revenue of $96.2 billion (approximately ¥15.39 trillion), up 106% year on year and above market expectations. Net income reached $59.7 billion, while adjusted EPS was $2.22.
Revenue from the data center business was $75.2 billion, an increase of 92% year on year. This strengthened the company's earnings base supporting growing demand for AI infrastructure.
The company forecast third-quarter revenue of $108.0 billion, above the market consensus of approximately $104.2 billion. The stock moved around the results announcement, falling approximately 1.6% in regular trading before continuing to decline in after-hours trading.
On the funding front, NVIDIA launched a platform with major investment companies to invest more than $500 billion in AI infrastructure. The company also disclosed that three specific top customers accounted for a certain percentage of total revenue, while 64% of accounts receivable was concentrated among these three companies.
CEO Huang's wealth was valued at approximately ¥28.99 trillion, placing him near the top of global billionaire rankings.