Tech giant Nvidia reported its fiscal second quarter earnings on Wednesday, with revenue of $96.2 billion, up 106% year over year and above analyst estimates. Non-GAAP EPS came in at $2.22, while Data Center revenue reached $89.0 billion, up 117% year over year.
The company also issued Q3 guidance of $105.8–$110.1 billion and forecast fiscal 2028 annual sales to increase 70% from the prior year.
“Demand is accelerating,” Jensen Huang, founder and CEO of Nvidia, said in a statement.
The results reignited debate over whether AI spending is sustainable and gave both bulls and Nvidia itself new evidence for continued growth.
“This was a masterpiece quarter with stunning guidance that speaks to the massive demand Nvidia is seeing in the AI Revolution,” Dan Ives, partner and senior managing director at Yorkville Ives, told me. “The guidance for next quarter was well ahead of whisper numbers, and this will be a spark that is a boost for tech stocks and the broader sector.”
