On August 27, NVIDIA rose 4.44% in after-hours trading, trading at $218.20/share, with turnover of $5.28 billion. The stock initially dipped following earnings release before reversing sharply higher.
NVIDIA reported fiscal Q2 revenue of $96.2 billion, up 106% year-over-year, beating the analyst consensus of $92.18 billion. Adjusted EPS came in at $2.22, surpassing estimates of $2.10 by 5.7%. Data Center revenue reached a record $89 billion, up 117% year-over-year, driven by Blackwell Ultra infrastructure ramp. Hyperscale cloud revenue of $48.7 billion exceeded expectations of $43.6 billion.
For Q3, the company guided revenue of $108 billion (plus or minus 2%), above the consensus estimate of $105.2 billion. CEO Jensen Huang stated that computing power is now revenue, declaring AI has reached its inflection point. The company also disclosed future purchase commitments rising to $279 billion, primarily for memory procurement, and announced plans to build an independent financing platform to mobilize over $500 billion in third-party capital.
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