Nvidia’s second fiscal quarter brought in $96.2B in revenue, up 106% from a year earlier, with net income of $59.7B. Data center sales reached $89B, a 117% jump, and the edge computing segment added $7.2B.
Chief executive Jensen Huang said AI has reached its inflection point, where compute is revenue, citing new AI labs, frontier labs scaling in parallel, and physical AI systems coming online. Vera Rubin is in full production, along with the Groq 3 LPX inference accelerator built on the platform.
Third-quarter guidance calls for $108B in revenue, with no data center compute revenue assumed from China. Gross margins held at 75%.
Nvidia is also financing the buildout. Partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR target more than $500B in third-party capital for AI infrastructure, subject to definitive agreements. The company secured land, power, and shell capacity at an Ohio campus with SB Energy and took a minority stake in Cloverleaf Infrastructure.
Free cash flow hit $21.3B in the quarter, and Nvidia returned about $26B to shareholders through buybacks and dividends.
