Overview

• Nvidia reported record quarterly revenue of $46.7 billion for the period ended July 27, driven largely by AI data center demand.
• An SEC filing says one customer represented 23% of Q2 revenue and another 16%, with four additional customers contributing 14%, 11%, 11% and 10%.
• The disclosed top buyers are classified as direct customers such as OEMs, system integrators or distributors rather than end users.
• CFO Nicole Kress said large cloud service providers accounted for about 50% of data center revenue, and data center sales made up 88% of total revenue.
• For the first half of the fiscal year, the two largest customers represented 20% and 15% of total revenue, and analysts warn the concentration poses risk even as major buyers continue investing in AI infrastructure.