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Nvidia Shares Surge in After-Hours Trading After Record $96.2 Billion Revenue
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Nvidia shares recovered in after-hours trading Wednesday after a brief post-earnings dip, following a fiscal second-quarter report that shattered revenue records. The chipmaker's stock fell 1.59% in the regular session to $209.66 before rebounding to approximately $217, about 3.5% above its closing price. This movement came despite the company posting quarterly revenue of $96.2 billion, more than doubling the $46.8 billion from the same quarter last year.
The results highlighted the explosive demand for AI infrastructure. Data Center revenue, the company's primary growth engine, surged 117% year-over-year to reach $89 billion. This performance significantly beat the average analyst estimate of $92.27 billion for total revenue. Adjusted earnings per share came in at $2.22, surpassing the $2.09 forecast.
CEO Jensen Huang framed the results as a pivotal moment for the industry, stating that AI has reached an "inflection point" where it is now "productive and profitable." He described the current environment as a "golden age" driven by multiple frontier labs, a thriving open-model ecosystem, and global momentum. This broad-based demand has fueled Nvidia's sustained growth.
The company also disclosed massive future commitments to meet this demand. CFO Colette Kress revealed $366 billion in multiyear AI infrastructure commitments, including $279 billion specifically for supply and capacity. This represents a significant jump from $119 billion in commitments last quarter, with the increase primarily tied to securing memory components for years to come.
Kress detailed specific large-scale projects, such as the PORTS-Pike campus in Ohio supported by Nvidia and expected to host its infrastructure under long-term leases to OpenAI. Each deployment cycle at the site could represent roughly 1.5 million GPUs, translating to $150 billion to $200 billion in potential Nvidia revenue. The company has disclosed up to $108.5 billion in maximum gross exposure from these phased guarantees.
Looking ahead, Nvidia provided a strong forecast for the next quarter. It expects fiscal third-quarter revenue of $108 billion, plus or minus 2%. Gross margins are projected to be approximately 74%. The company confirmed that its next-generation Vera Rubin platform is in full production to power the ongoing infrastructure buildout.
The quarterly report underscores Nvidia's dominant position in the AI chip market. With data center demand accelerating globally, the company's financial commitments and forward guidance signal its confidence in sustained, long-term growth despite geopolitical considerations, as shipments to China represented less than 1% of Data Center revenue.
