Nvidia Doubles Its Revenue to $96.2 Billion

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Nvidia reported record quarterly revenue of $96.2 billion, up 106% year-over-year, beating Wall Street’s consensus of $92.3 billion. Net income reached $59.7 billion, or $2.46 per share, while the data center division posted 117% year-over-year growth, totaling $75.2 billion in the previous quarter. CFO Colette Kress estimated that sales growth should remain strong through fiscal year 2028. For the third quarter, Nvidia forecasts over $100 billion in revenue, and the stock surged 4.71% in after-hours trading.

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