Nvidia Reports Record $96.2 Billion Quarter With Revenue Up 106% as AI Chip Demand Surges

Nvidia posted fiscal second-quarter revenue of $96.2 billion, a 106% increase from the same period a year earlier, surpassing Wall Street expectations and extending a streak of blowout results fueled by relentless demand for its AI chips. The company also disclosed $366 billion in future commitments and up to $108.5 billion in guarantee exposure. Nvidia guided third-quarter revenue above analyst estimates, though the outlook assumes no data center compute revenue from China, a caveat that weighed on investor sentiment.

Stock moves were conflicting across reports, with one account showing shares down roughly 1.3% in after-hours trading while another indicated a post-earnings surge, reflecting tension between the record results and the China exclusion baked into forward guidance.