Nvidia posts record $81.6 bil. quarterly revenue on AI spending boom
Nvidia reported a record quarterly revenue of $81.6 billion, driven by strong demand for its AI hardware. The company's net profit surged to $58.3 billion, marking a significant increase from the previous year. Despite geopolitical tensions affecting its market in China, Nvidia continues to project robust growth for the upcoming quarter.
- ▪Nvidia's quarterly revenue reached $81.6 billion, an 85 percent increase from the previous year.
- ▪The company's net profit more than tripled to $58.3 billion compared to $18.8 billion a year earlier.
- ▪Data center revenue hit a record $75.2 billion, up 92 percent year-over-year.
Opening excerpt (first ~120 words) tap to expand
Nvidia logo and rising stock graph are seen in this illustration created on Aug. 27, 2025. Reuters-YonhapSAN FRANCISCO — Chip giant Nvidia on Wednesday posted record quarterly revenue of $81.6 billion, blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware powered another blockbuster quarter.The results for the first quarter of fiscal 2027, ending April 26, marked an 85 percent jump from the same period a year ago and a 20 percent rise from the prior quarter, underscoring Nvidia's status as the primary beneficiary of a global AI infrastructure buildout.Net profit surged to $58.3 billion, more than tripling from $18.8 billion in the year-earlier period.Nvidia's data center business, which sells the processors powering AI systems at tech giants and…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Korea Times.
Discussion
0 commentsMore from Korea Times
