Nvidia Surpasses Expectations with Record Revenue and 70% Growth Forecast

Nvidia's Q2 financial report exceeded expectations across all metrics. Revenue reached $96.2 billion, a 106% increase from the same period last year and surpassing the forecasted $92.1 billion.

The company also announced a significant partnership with Amazon Web Services (AWS), committing to deploy two million additional next-generation GPUs across AWS's global infrastructure between 2027 and 2028.

Nvidia expects Q3 revenue of $108 billion, exceeding the consensus estimate of $103.9 billion. The company forecasts a 70% jump in revenue for fiscal year 2028.