Key Takeaways

• Nvidia reported second-quarter earning and revenue that beat analysts’ estimates, though the pace of its growth slowed. Shares fell in prolonged trading Wednesday following the discharge.

• The chipmaker’s revenue and net income greater than doubled from the year-ago period as data center sales reached a latest record high.

• Nvidia CEO Jensen Huang said Blackwell samples are shipping to partners and customers, but provided no additional information amid reports of delays.

Nvidia (NVDA) reported better-than-expected revenue and earnings for the second quarter of fiscal 2025, though the pace of its growth slowed. Shares fell in prolonged trading Wednesday following the discharge.

The chipmaker reported second-quarter revenue of $30 billion, greater than doubling from the year-ago period. Net income for the fiscal second quarter was $16.6 billion, also greater than double its value the 12 months prior. Each figures exceeded analysts’ expectations compiled by Visible Alpha, though growth slowed from previous quarters.

Data Center Revenue Rises to Record High on AI Demand

Data center revenue for the fiscal second quarter was $26.3 billion, setting a latest record high and greater than doubling from the 12 months prior.

“Hopper demand stays strong, and the anticipation for Blackwell is incredible,” Nvidia CEO Jensen Huang said, adding that the chipmaker “achieved record revenues as global data centers are in full throttle to modernize your entire computing stack with accelerated computing and generative AI.”

Nvidia Says Its Blackwell Plans Are Still on Track

After concerns about reported delays in Nvidia’s Blackwell AI chip sent Nvidia’s stock price tumbling earlier this month, the chipmaker said Wednesday it began shipping some samples of its Blackwell chip within the second quarter, and expects to “ship several billion dollars in Blackwell revenue” throughout the fourth quarter as production ramps up.

The chipmaker gave a stronger-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 latest $50 billion share buyback plan. The corporate said it had $7.5 billion price of previously authorized repurchases as of the tip of the primary half.

Despite Nvidia’s earnings and revenue beat, the chipmaker’s stock was down over 5% at $118.40 in prolonged trading Wednesday following the corporate’s earnings release.

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