Nvidia Beats Second-Quarter Demand Expectations for AI Chips

Nvidia NVDA once again beat expectations with highly anticipated second-quarter earnings results, reporting record revenue of $30 billion for fiscal 2025 – up 122% from a year ago.

The chipmaker’s revenue for the quarter ended in July rose 15 percent from last quarter’s revenue of $26 billion, which also beat expectations, and rose 262 percent from a year ago.

Nvidia was is expected to report revenue of $28.7 billion for the second quarter — more than double its revenue of $13.5 billion a year ago, according to analyst estimates compiled by FactSet.

The company’s quarterly data center revenue was a record $26.27 billion for the second quarter, up 16% from the prior quarter and a year-over-year increase of 154%.

Ahead of its earnings report, Nvidia shares were down about 2% at the close on Wednesday. The company’s shares are up 160.76% this year.

This is a developing story.