NVDAThe AI money cannon keeps firing
NVIDIA’s second-quarter results landed with the subtlety of a freight train: revenue came in at $96.2 billion, up 18% from last quarter and a whopping 106% from a year ago. That’s not a typo. That’s what happens when the AI buildout keeps chewing through chips like a teenager through a fridge after practice.
Margins that refuse to blink
The other eye-popper? Gross margins. Both GAAP and non-GAAP gross margin were 75.0%, which is the kind of number that says the company still has pricing power for days. In plain English: NVIDIA isn’t just selling a lot more stuff, it’s selling expensive stuff without having to discount like it’s Black Friday at the mall.
Why investors care
For shareholders, this is the big-picture test that matters:
- Revenue is still accelerating, not fading into the usual post-hype slump.
- Margins stayed fat, which helps support the idea that the AI trade isn’t just a volume story.
- EPS also came in strong at $2.46 GAAP and $2.22 non-GAAP per diluted share.
So yes, the bar for NVIDIA is now somewhere in the stratosphere. But when a company keeps printing numbers like this, the market tends to keep showing up for the encore.
Big picture: NVIDIA is still the company that makes the AI boom feel real, not theoretical.