Nvidia Reports Record Q2 Revenue Amid Strong AI Demand

Nvidia reported a record revenue of $30 billion for the second quarter of fiscal year 2025, marking a 15% increase from the previous quarter and a 122% rise year-over-year. This growth was primarily driven by the data center segment, which saw revenues of $26.3 billion, up 154% from the same period last year, reflecting strong demand for AI technologies.

The company's GAAP earnings per diluted share reached $0.67, a 12% increase from the prior quarter and a 168% rise year-over-year. Gross margins stood at 75.1%, down 3.3 percentage points from the previous quarter but up 5.0 percentage points from the same period last year.

CEO Jensen Huang highlighted the strong demand for Nvidia's Hopper GPUs and the anticipation for the upcoming Blackwell AI platform. The company has begun shipping samples of the Blackwell chips, with production expected to ramp up in the fourth quarter of fiscal year 2025.

In the first half of fiscal 2025, Nvidia returned $15.4 billion to shareholders through share repurchases and cash dividends. The Board of Directors approved an additional $50 billion in share repurchase authorization on August 26, 2024.

Looking ahead, Nvidia provided guidance for the third quarter, projecting total revenue of $32.5 billion, plus or minus 2%, with GAAP and non-GAAP gross margins expected around 74.4% to 75%.