Nvidia Crushes Earnings Expectations with $96 Billion Quarterly Revenue

Nvidia's revenue has skyrocketed to $303 billion on a trailing-12-month basis, an increase of over 11-fold since 2022.

In its fiscal Q2, which ended July 26, Nvidia posted $96 billion in revenue, up 106% year-over-year.

The company is guiding for roughly 70% revenue growth in fiscal 2028, driven by its new Vera Rubin computing platform, which began shipping in early August and is expected to total 20% of Nvidia's data center revenue in fiscal Q3.

Nvidia's non-hyperscaler business is growing rapidly, with revenue from neocloud (specialized AI clouds), industrial, and enterprise customers rising 138% year-over-year to $40 billion.