NVIDIA has announced a record-breaking quarterly revenue of $30 billion, a 15% increase from the previous quarter and a 122% increase from the same period last year. The data center segment also saw record revenues, reaching $26.3 billion, a 16% increase from the previous quarter and a 154% increase year-over-year.
The company reported GAAP diluted earnings per share (EPS) of $0.67, marking a 12% increase from the previous quarter and a 168% increase from last year. Non-GAAP diluted EPS was $0.68, up 11% from the previous quarter and 152% year-over-year. NVIDIA also announced a $50 billion stock buyback program.
Looking ahead to the third quarter of fiscal year 2025, NVIDIA expects revenue of approximately $32.5 billion, with a margin of error of 2%. GAAP and non-GAAP gross margins are projected to be around 74.4% and 75.0%, respectively, with an annual gross margin estimate of about 70%.
Founder and CEO Jensen Huang stated that demand for their Hopper architecture remains strong, and the expectations for Blackwell are incredible. "As data centers worldwide fully embrace accelerated computing and generative AI to modernize their entire computing stack, NVIDIA has achieved record revenues," Huang said.