● Covered by 2 sources · 2 reportsHigh impact1 neutral1 positive
Nvidia Reports $96.2 Billion in Revenue, Projects $108 Billion Next Quarter
Key points
- Nvidia reported $96.2 billion in revenue last quarter.
- Data center revenue reached $89 billion, up 117% year-over-year.
- Profits more than doubled to $59.7 billion.
- Company projects $108 billion in revenue for the next quarter.
- Consumer gaming revenue was $7.2 billion, a 27% increase.
Record Revenue and Future Projections
Nvidia reported a record $96.2 billion in overall revenue for the past quarter, an increase of over $10 billion from the previous quarter. The company's profits more than doubled to $59.7 billion. Nvidia anticipates generating $108 billion in revenue in the upcoming quarter, a milestone previously achieved by companies like Amazon, Apple, and Alphabet.
Data Center Business Drives Growth
The primary driver of Nvidia's revenue growth was its data center division, which generated $89 billion last quarter. This represents a 117% increase year-over-year. CEO Jensen Huang stated that "AI has reached its inflection point," with infrastructure buildout proceeding "at full steam."
Impact on the AI Industry
The strong performance of Nvidia's data center business underscores its central role in the artificial intelligence industry. Major tech companies, including Amazon, Meta, Google, and Microsoft, utilize Nvidia chips for their AI tools and infrastructure. Financial analysts noted that these results highlight Nvidia's ongoing momentum and exceeded Wall Street expectations.
Consumer Gaming Segment Performance
Nvidia's "edge computing" category, which includes its consumer gaming business, contributed $7.2 billion to its revenue last quarter. This marks a 27% increase year-over-year. However, the company acknowledged that this segment experienced "slower consumer PC sales that were tempered by elevated memory and systems prices," with component shortages contributing to higher prices.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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How outlets covered it
Nvidia announced its second-quarter revenue reached $96 billion, more than double from the previous year, with its data center division contributing $89 billion. This growth is attributed to the ongoing demand for AI infrastructure, solidifying Nvidia's central role in the AI industry.
Nvidia announced a record $96.2 billion in revenue for the past quarter, with projections to reach $108 billion in the coming months. This growth is primarily fueled by its data center business, which more than doubled year-over-year, indicating a significant shift in the company's revenue streams and its increasing dominance in the AI hardware market.