Overview
- Nvidia reported a record fiscal Q2 with $96.2 billion in revenue and $89 billion from its data‑center business after the Aug. 26–27 results, and it guided about $108 billion for Q3 and roughly 70% revenue growth for fiscal 2028.
- Management said the Vera Rubin platform is in production and that AWS plans to deploy an additional two million Nvidia GPUs, supporting near‑term, supply‑constrained demand.
- The company flagged margin pressure from rising DRAM and memory costs and forecast gross margins falling toward 71%–72% before stabilizing next fiscal year.
- Nvidia disclosed roughly $95–96 billion in public and private equity holdings, reported $7.8 billion in portfolio gains for the quarter, returned about $26 billion to shareholders, and revealed large multiyear supply and guarantee commitments.
- Reports show Nvidia has paused parts of a customer‑financing program, and filings reveal concentration risk with one customer at 16% of revenue and five customers making up about 70% of accounts receivable, raising regulatory and balance‑sheet scrutiny.