Against the backdrop of a sustained surge in demand for AI computing power, the latest quarterly results announced by $NVIDIA (NVDA.US)$ once again demonstrate—through numbers far exceeding market expectations—its unshakable dominant position in the AI chip arena. Even more shocking to Wall Street is the company’s 2028 fiscal-year full-year revenue guidance, which is nearly $200 billion above market consensus. This directly drove the stock price up more than 7% in early trading today, prompting multiple analysts to raise their target share prices.
Financial performance
- Second-quarter revenue hit a record high of $96 billion, up more than double year over year, with growth accelerating for the fourth consecutive quarter
- Data center revenue increased 18% quarter over quarter to $89 billion, mainly driven by the hyperscale and ACINE business segments
- GAAP and non-GAAP gross margin remained at 75%, essentially flat versus the previous quarter
- Returned a record $26 billion to shareholders via $20 billion in share repurchases and $6 billion in dividends