Nvidia Posts $96.2 Billion Q2 Revenue, Up 106% as AI Data Center Cost Fears Persist
Updated
Updated · Yahoo Finance · Oct 21
Nvidia Posts $96.2 Billion Q2 Revenue, Up 106% as AI Data Center Cost Fears Persist
3 articles · Updated · Yahoo Finance · Oct 21
Summary
$96.2 billion in fiscal second-quarter revenue marked 106% year-over-year growth for Nvidia, while data center sales rose 117%, underscoring demand that remained strong despite a recent stock sell-off.
108.0 billion dollars is Nvidia's fiscal third-quarter revenue guide, plus or minus 2%, and management said that outlook excludes data center compute sales to China entirely.
75.0% gross margin in the quarter and a 65.21% trailing-12-month operating margin showed Nvidia kept profitability high even as sales more than doubled.
More than $500 billion in planned AI infrastructure financing partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR are meant to ease investor concerns that higher rates could strain customers funding new data centers.
The key risk has shifted from AI chip demand to customer financing capacity, especially after debt worries hit CoreWeave and highlighted how borrowing costs could slow AI infrastructure spending.