Nvidia Q2 Profit Jumps 200% with Revenue Up 85%
NVDA•Nvidia's profit in the February–April quarter rocketed over 200% year-on-year, while revenue climbed 85%. Shares initially rose 1.3% ahead of the report but slipped 1.3% in after-hours trading following the announcement.
1. Nvidia Reports Stellar Q2 Earnings
Nvidia delivered a standout February–April quarter with net income soaring over 200% year-on-year and revenue climbing 85%, marking one of the strongest growth spurts in its history driven by surging AI chip sales.
2. Stock Reaction To Earnings
The stock rose 1.3% during regular trading as investors anticipated the results, but it declined 1.3% in after-hours trading as the market digested the record margins and looked ahead to upcoming guidance.
3. AI Chip Demand Drives Growth
The surge in profitability and revenue stemmed from robust demand for Nvidia’s high-end AI accelerators, with hyperscale cloud providers and enterprise customers placing large orders for next-generation GPUs.
4. Impact On Asian Markets
The upbeat results fed into broader tech rallies in Asia, with South Korea’s Kospi jumping 6.7%, SK Hynix surging 9.5%, Taiwan’s Taiex up 3.3% and Japan’s Nikkei climbing 3.5% on renewed appetite for chipmakers.
