Nvidia beat Wall Street's fiscal second-quarter estimates with $96.2 billion in revenue and guided to $108 billion for the current quarter, above the $103.9 billion analysts expected. Data center revenue jumped 117% from a year earlier, yet shares still slipped in after-hours trading.
Nvidia's fiscal second-quarter revenue of $96.2 billion beat consensus forecasts for $92.27 billion, while adjusted earnings per share of $2.22 topped estimates for $2.09. Data center revenue reached $89 billion, above estimates for $85.4 billion.
Data center revenue jumps 117%
Revenue from Nvidia's data center business climbed 117% from a year earlier to $89 billion, up 18% from the previous quarter. Overall company revenue rose 106% year over year, more than doubling from the same period last year.
Nvidia shares still fell 1.45% in after-hours trading on Wednesday despite the growth.
Third-quarter guidance tops estimates
Nvidia guided to $108 billion in third-quarter revenue, above Street forecasts for $103.9 billion. The $100 billion threshold carries some significance, since only nine S&P 500 companies have previously reported quarterly revenue at that level or higher.
Gross margin is expected to ease to about 74% next quarter from 75% in the second quarter. The outlook also assumes no data-center compute revenue from China.
AI infrastructure buildout continues
Nvidia's Vera Rubin platform is ramping into full production, with systems running at partners including CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure and Nebius. According to CoinDesk, Nvidia CEO Jensen Huang said: "AI has reached its inflection point,"
The company also introduced a new Vera CPU for AI agents and said its Groq 3 LPX inference accelerator has entered full production. Nvidia said it is also working with partners including Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilize more than $500 billion in third-party capital for AI infrastructure.
Sources: CoinDesk, Crypto Briefing
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