Nvidia will report second-quarter earnings after market close, with revenue guidance of approximately $91 billion. The company, the world’s largest by market value, derives most of its revenue from GPUs used for AI training and inference. Three customers account for 54% of total revenue and 64% of accounts receivable, highlighting significant customer concentration risk. Hyperscaler revenue grew 12% sequentially, while revenue from other data center customers jumped 31%. Nvidia signed a financing agreement with six Wall Street firms including Goldman Sachs and BlackRock to support over $500 billion in AI infrastructure, making it harder to distinguish organic demand from vendor-funded deals.
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