Overview
- Nvidia reported $96.2 billion in fiscal Q2 revenue with $89.0 billion from its Data Center unit, beating analyst estimates and underscoring heavy AI demand.
- CFO Colette Kress gave an unusually long‑range view that fiscal 2028 revenue could rise roughly 70 percent, a signal management says reflects durable customer spending on AI infrastructure.
- Executives said demand outstrips capacity because of chip foundry constraints at TSMC and a tight memory market, and warned that higher memory costs could push gross margins down toward 71–74 percent in the coming quarters.
- The company is using its balance sheet to support customers through equity stakes, guarantees and financing, with public and private holdings near $95–99 billion and disclosed guarantees up to roughly $108.5 billion tied to large projects.
- Markets cheered the results and guidance with the stock up about 6–8 percent in premarket/after‑hours trading, and separate media reports of a roughly $12.9 billion Hugging Face deal remain unconfirmed by either company.