NVIDIA said revenue for the second quarter of fiscal 2025 was $30.0 billion, up 122% from a year earlier and up 15% from the prior quarter. Data Center revenue was $26.3 billion, up 154% from a year earlier and up 16% sequentially.

10-QQuarterly reportFiled Aug 28, 2024Period of report Jul 28, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

NVIDIA said revenue for the second quarter of fiscal 2025 was $30.0 billion, up 122% from a year earlier and up 15% from the prior quarter. Data Center revenue was $26.3 billion, up 154% from a year earlier and up 16% sequentially.
The company said its gross margin for Q2 was 75.1%, up from 70.1% a year earlier but down from the prior quarter. It cited inventory provisions for low-yielding Blackwell material and a higher mix of new products within Data Center as factors behind the sequential decline.
The company said it shipped customer samples of its Blackwell architecture in Q2 and changed the Blackwell GPU mask to improve production yield. It said Blackwell production ramp is scheduled to begin in Q4 and that it expects to ship several billion dollars in Blackwell revenue in Q4.
NVIDIA said it repurchased 62.8 million shares for $7.0 billion in Q2, and 162.1 million shares for $15.1 billion in the first half. The company said its board of directors approved an additional $50.0 billion on August 26, 2024, bringing the amount available for repurchase as of that date to $53.9 billion.

Key figures

Quarter ended July 28, 2024

Revenue: $30.0B
Operating income: $18.6B
Net income: $16.6B
EPS: $0.67
Gross profit: $22.6B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

NVIDIA QQ2 revenue $30.0 billion, Data Center $26.3 billion

NVIDIA said revenue for the second quarter of fiscal 2025 was $30.0 billion, up 122% from a year earlier and up 15% from the prior quarter. Data Center revenue was $26.3 billion, up 154% from a year earlier and up 16% sequentially.

Source · Based on the MD&A text of the filing

Gross margin at 75.1% and Blackwell inventory provisions

The company said its gross margin for Q2 was 75.1%, up from 70.1% a year earlier but down from the prior quarter. It cited inventory provisions for low-yielding Blackwell material and a higher mix of new products within Data Center as factors behind the sequential decline.

Source · Based on the MD&A text of the filing

Blackwell production schedule and Q4 shipment outlook

The company said it shipped customer samples of its Blackwell architecture in Q2 and changed the Blackwell GPU mask to improve production yield. It said Blackwell production ramp is scheduled to begin in Q4 and that it expects to ship several billion dollars in Blackwell revenue in Q4.

Source · Based on the MD&A text of the filing

Share repurchases and additional $50.0 billion authorization

NVIDIA said it repurchased 62.8 million shares for $7.0 billion in Q2, and 162.1 million shares for $15.1 billion in the first half. The company said its board of directors approved an additional $50.0 billion on August 26, 2024, bringing the amount available for repurchase as of that date to $53.9 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗