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Key Points
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Nvidia reported second-quarter profit and revenue that beat analysts’ estimates, though the pace of growth slowed. Shares fell in extended trading Wednesday following the release.
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The chipmaker’s revenue and net profit more than doubled from the same period last year as data center sales hit a new record.
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Nvidia CEO Jensen Huang said Blackwell samples are being shipped to partners and customers, but did not provide additional information amid reports of delays.
Nvidia (NVDA) reported better-than-expected revenue and profit for the second quarter of fiscal 2025, though the pace of growth slowed. Shares fell in extended trading Wednesday after the release.
The chipmaker reported second-quarter revenue of $30 billion, more than double the same period last year. Net income for the fiscal second quarter was $16.6 billion, also more than double the figure from a year earlier. Both figures beat analysts’ expectations, compiled by Visible Alpha, though growth slowed from previous quarters.
Data center revenues surge to record high on AI demand
Data center revenues in the second fiscal quarter were $26.3 billion, a new record and more than double the year-ago level.
“Demand for Hoppers remains strong and expectations for Blackwell are tremendous,” said Nvidia CEO Jensen Huang, adding that the chipmaker “has achieved record revenues as data centers around the world are working at full speed to modernize the full computing stack with accelerated computing and generative AI.”
Nvidia says its Blackwell plans are still on track
After concerns over reported delays to Nvidia’s Blackwell AI chip sent Nvidia’s stock plummeting earlier this month, the chipmaker said on Wednesday that it began shipping some samples of its Blackwell chip in the second quarter and expects to deliver “several billion dollars in Blackwell revenue” in the fourth quarter as production ramps up.
The chipmaker gave a better-than-expected outlook for the third quarter of fiscal 2025, with revenue expected to be around $32.5 billion.
Nvidia’s board also approved a new $50 billion share buyback plan. The company said it had $7.5 billion in previously authorized buybacks at the end of the first half.
Despite Nvidia’s profit and revenue coming in higher, shares of the chipmaker fell more than 5% to $118.40 in extended trading Wednesday after the company released its earnings results.
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