The post Nvidia results: Stocks surge on $108bn outlook appeared on BitcoinEthereumNews.com.
Nvidia’s results are nothing short of stunning for last quarter. The company reported revenues of $96.22bn, easily beating expectations of $92.17bn and doubling what was reported in Q2 2025. If anyone was concerned that the pace of growth in recent years would start to fade, there are no signs of that. Net income also doubled compared to a year ago, and came in at $53.95bn, or $2.22 per share, up from $1.87 a year ago. The company also provided a strong forecast for future revenues, it expects sales for this quarter to cross the $100bn mark, and top $108bn, $4bn more than analysts had expected. This comes even though the company is not expecting any data centre sales to China. Shareholders were given some sweeteners in the form of an extra $26bn share buyback programme, and a dividend. The share price has surged on this report and is higher by more than 4% in post-market trading, which is a break from recent history. In the last 4 quarters, Nvidia’s share price has fallen after the last four earnings reports. However, if the pre-market rally continues into Thursday, this would suggest that the cycle has been broken, and we could embark on a new bullish phase for Nvidia’s share price. So, what is driving these massive revenues? Firstly, there has been an explosion in its customer base. Nvidia doesn’t publish customer numbers with its earnings report, but Jensen Huang said that last year one lab was driving the AI buildout, now there are multiple lab buildouts at once. Huang called it a golden age for AI, in the US and around the world. A broader customer base will keep revenue growth buoyant, it also means that Nvidia is less reliant on hyperscaler capex spend to continue to grow its own revenues. …
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