Nvidia Surges 7-8% After Fiscal Q2 Revenue of $96.2 Billion Crushes Estimates and Q3 Guidance Tops $108 Billion

Nvidia shares jumped between 7% and 8% in premarket trading on Thursday after the chipmaker reported fiscal second-quarter revenue of $96.2 billion, well above analyst estimates of roughly $92.2 billion and representing 106% growth year over year. Adjusted earnings per share came in at $2.22, beating the consensus estimate of around $2.10 and up 120% from a year earlier. The company guided for third-quarter revenue of approximately $108 billion, plus or minus 2%, again exceeding Wall Street expectations.

Goldman Sachs and Citigroup both raised their price targets on the stock following the results. The earnings beat rippled across markets, lifting chip stocks broadly, pushing Bitcoin above $80,000, and boosting AI infrastructure companies. The move extended Nvidia's streak of beating estimates on both revenue and earnings across recent quarters.