Nvidia forecast $108 billion of revenue for the current quarter, a figure that would make it the fourth U.S. company to breach the hundred-billion-dollar quarterly threshold. The guidance arrived Wednesday alongside a second-quarter report that showed revenue of $96.2 billion, up more than $10 billion sequentially, and net income that more than doubled to $59.7 billion.
The data center engine
Data center revenue reached $89 billion, more than double the year-ago period and accounting for nearly 93 percent of the total. The segment has effectively become the entire company; everything else rounds to a footnote. The pace of acceleration suggests the infrastructure build-out is still in its early innings, even after several quarters of triple-digit percentage growth.
Consumer side shows cracks
The edge computing category, which includes gaming GPUs, grew 27 percent year over year to $7.2 billion. Management attributed the modest pace to slower consumer PC sales tempered by elevated memory and systems prices, a polite way of saying component shortages are pushing retail prices above what many buyers will pay. The company also flagged coming price increases for its AI chips.
Guidance implies another step up
The $108 billion midpoint implies roughly $12 billion of sequential growth, a deceleration in absolute terms but one that would still leave revenue up more than 100 percent year over year. No breakdown between GAAP and adjusted earnings was provided in the release, and the company did not update full-year guidance beyond the quarter-ahead figure.
The hundred-billion club
Amazon, Apple, and Alphabet have each crossed the $100 billion quarterly mark multiple times. Nvidia would join them on the strength of a single product line. The milestone is less a celebration than a measure of concentration: one customer class, one architecture, one supplier.