Nvidia Revenue Growth Doubles

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Nvidia reported record fiscal second-quarter results Wednesday with revenue more than doubling year over year to $96 billion.

During the earnings call with analysts, CFO Colette Kress guided Nvidia's fiscal 2028 revenue to roughly 70% growth.

The forecast implies nearly $700 billion in annual revenue, more than 10% higher than most analysts expected.

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Nvidia reported record fiscal second-quarter results Wednesday with revenue more than doubling year over year to $96 billion. During the earnings call with analysts, CFO Colette Kress guided Nvidia's fiscal 2028 revenue to roughly 70% growth. The forecast implies nearly $700 billion in annual revenue, more than 10% higher than most analysts expected.

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Nvidia spent $26 billion on buybacks and dividends this past quarter, showing the company is returning capital even as it commits hundreds of billions in funding agreements with customers to promote future...
CEO Jensen Huang one-upped her, alluding that demand is much greater than what they can supply.
Even though our demand is much greater than 70%, our supply allows us to confidently deliver 70%...
We've got a huge year coming up next year, and it's going to be pretty extraordinary.
Gross margins held at 75% for a second straight quarter, though Kress warns they will compress to 71-72% by Q4, partly due to memory scarcity driven by the massive AI buildout.

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Also of note and as we discuss in more detail in a section below, its accounts receivable rose by 127%.

Details worth keeping

After initially falling on the news, the stock rose over 8% overnight.

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