Nvidia reports record sales as the AI boom continues

NVIDIA, the world’s most valuable company, reported a quarter of sustainable revenue growth in its profit statement on Wednesday, with a turnover of $ 46.7 billion, an increase of 56% compared to the same period last year. That growth was largely fed by data center activities dominated by AI, which saw an increase in the turnover of 56% on an annual basis.

Nvidia also saw his net income grow considerably since last year. The company reported a net income of $ 26.4 billion in the second quarter, a peak of 59% since the same period last year.

All in all, in the quarter, the company yielded $ 41.1 billion in income from the turnover of data centers, which suggests that the demand from AI companies for advanced GPUs continues to grow. The most advanced generation of chips from the company, Blackwell, was good for $ 27 billion of that turnover.

“Blackwell is the AI ​​platform that the world has been waiting for,” said CEO Jensen Huang in a statement at the release. “The AI ​​race is on and Blackwell is the platform in the middle.”

The company mainly made its role in the launch of OpenAi’s Open Source GPT-OSS models earlier this month, in which “1.5 million tokens per second on a single Nvidia Blackwell GB200 NVL72 rack scale” were involved.

The income also viewed the constant struggle of Nvidia to sell his chips on the Chinese markets. In the past quarter, the company did not report its sale of its China-oriented H20 chip to Chinese customers; NVIDIA reported $ 650 million to H20 chips sold to a customer outside of China.

The United States has long limited the sale of advanced GPUs to Chinese customers – but the geopolitical situation has changed considerably under President Trump. The company is now permitted to sell chips to China as long as it pays an export tax of 15% percent to the American treasury, as a result of an unconventional arrangement that legal scientists have described as An unconstitutional abuse of power.

With the profit call, Nvidia CFO Colette Kress made it clear that the lack of shipment was the result of uncertainty surrounding the regulation, which was not officially codified in a federal regulation. “Although a select number of our China -based customers has received licenses in recent weeks,” said Kress, “we have not sent H20 devices based on those licenses.”

Yet the Chinese government has officially discouraged The use of NVIDIA chips by local companies, which leads the company to Allegedly the production stops of the H20 chip earlier this month.

Nvidia said it expected $ 54 billion in income in the third quarter. The company noted that its prospects for the third quarter, that 2% could move in both directions, contains no H20 shipments to China.