Nvidia reported revenue of $96.2 billion for its fiscal second quarter, the company reported on Wednesday, up 18% over last quarter and crushing analyst estimates of $92.2 billion and the $91 billion plus or minus 2% that Nvidia guided. A year ago, Nvidia posted $46.7 billion.
“AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue,” said Jensen Huang, founder and CEO of Nvidia in a statement.
Data center revenue, the overwhelming majority of Nvidia’s AI business, clocked in at $89 billion, compared to analyst estimates of $85.7 billion. Last quarter, the data center segment produced $75.2 billion in revenue, up 92% from the year prior when revenue was $39.1 billion. Within the data center business, Nvidia reported $48.7 billion in hyperscale revenue and $40.3 billion in AI clouds, industrial, and enterprise (ACIE) revenue, a breakdown the company adopted to make large cloud customers distinct from AI-native clouds, sovereign AI, and on-premises enterprise.
Nvidia reported non-GAAP earnings of $2.22 per diluted share. Analysts had expected $2.06 to $2.09. Last quarter, Nvidia earned $1.87 per share as a non-GAAP figure and $2.39 on a GAAP basis. The company began including stock-based compensation in its non-GAAP results, which makes direct comparisons to previous fiscal years less of an apples-to-apples distinction.
