Overview
- Nvidia reported a record fiscal second quarter on Thursday with $96.2 billion in revenue and $2.22 in adjusted earnings per share, driven by $89 billion from its data‑center business.
- The company guided roughly $108 billion for the current quarter and unusually issued a multi‑year outlook that implies about 70% revenue growth next fiscal year.
- Nvidia said demand still exceeds supply and warned that shortages of high‑bandwidth memory will press gross margins down from about 75% to the mid‑70s in the near term.
- Executives disclosed large balance‑sheet activity: roughly $99 billion in public and private equity stakes and up to about $108 billion of guarantees, most linked to an OpenAI/SB Energy data‑center project.
- Markets reacted positively with the stock rising about 6–8% in early trading and at least ten brokerages raising targets, while the results lift chip and software peers and raise new questions about concentration and financing risk for investors.