Aug. 28 (UPI) -- Revenue at the giant U.S. semiconductor-maker Nvidia jumped 56% to $47.4 billion in the April to June quarter compared with the same period in 2024, despite no shipments whatsoever of its flagship AI chip to China-based customers.
The results reported by the Santa Clara, Calif., firm on Wednesday managed to edge expectations by a $68 million margin with NVIDIA saying sales growth would hold above 50% in the current quarter, reassuring the market that demand for AI infrastructure will remain strong.
However, the performance was the weakest in nine straight quarters of above 50% year-over-year revenue growth, dating back to summer 2023, for the firm whose chips dominate the rapidly expanding data center sector that powers AI.
Nvidia forecast revenue in the July to September quarter to also come in higher than expected at $54 billion, with a margin of error of 2% either way -- but noted that the forecast assumed zero sales of its H20 AI chip to China.
Second-quarter profit surged almost 60% to $26.4 billion, compared with the same period in 2024.
