Overview
- Nvidia reported $96.2 billion in revenue for the quarter with GAAP net income of $59.7 billion and gross margins near 75 percent.
- The data-center business drove the result, contributing about $89.0 billion or roughly 93 percent of total revenue while Blackwell Ultra is deployed and Vera Rubin has begun shipping.
- Nvidia guided roughly $108 billion for the next quarter and projected about 70 percent revenue growth for fiscal 2028, a forecast well above analyst models and expectations.
- Markets reacted sharply to the outlook, adding about $442 billion to Nvidia’s market value in a single trading session and lifting its valuation to roughly $5.5 trillion.
- The company says a customer-commitment backlog of more than $279 billion and high-bandwidth memory shortages will constrain deliveries, creating delays for cloud customers and concentrating execution and valuation risk in a small set of GPU suppliers.