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Nvidia Reports $30 Billion Q2 Revenue, Exceeding Expectations

Record earnings driven by soaring demand for AI chips.

1 min 05 secAugust 28, 2024

Highlights:

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Revenue Surge: Q2 revenue up 122% year-over-year.

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Strong Future Outlook:* Anticipating $32.5 billion next quarter.

Nvidia Reports $30 Billion Q2 Revenue, Exceeding Expectations

Nvidia Corporation (NASDAQ: NVDA) has reported a record-breaking revenue of $30 billion for the second quarter of fiscal 2025, surpassing analysts' expectations by 3.8%. This figure marks a remarkable 122% increase compared to the same quarter last year and a 15% rise from the previous quarter's earnings of $26 billion. The company's strong performance is largely attributed to soaring demand for its AI chips, particularly within the data center segment, which generated $26.3 billion—up 154% year-over-year.

 

 

CEO Jensen Huang expressed optimism about the future, stating, "Hopper demand remains strong, and the anticipation for Blackwell is incredible." He noted that the company's innovations in AI technology are driving significant growth across various sectors, positioning Nvidia as a cornerstone of the AI revolution.

 

 

In addition to impressive revenue figures, Nvidia reported earnings per share of $0.67, a 168% increase from the previous year. The company has also returned $15.4 billion to shareholders through share repurchases and dividends in the first half of the fiscal year. Looking ahead, Nvidia anticipates revenues of approximately $32.5 billion for the next quarter.

 

Despite a slight dip in stock prices leading up to the earnings report, Nvidia's shares have surged by over 160% year-to-date, reflecting investor confidence in its growth potential amid the ongoing AI boom. The results not only underscore Nvidia's dominance in the tech sector but also signal a robust future for AI-related investments.

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