Business & Finance
Nvidia projects $108 billion in quarterly revenue following record earnings
Strong demand for data center chips propelled the company's quarterly revenue to $96.2 billion and profits to $59.7 billion.
The short version
- Nvidia reported record quarterly revenue of $96.2 billion, driven by $89 billion in data center revenue.
- The chipmaker forecasts its upcoming quarterly revenue will reach $108 billion.
- If achieved, Nvidia would join Amazon, Apple, and Alphabet as companies surpassing $100 billion in a single quarter.
Key facts
- Nvidia reported quarterly revenue of $96.2 billion, an increase of over $10 billion from the prior quarter.[The Verge]
- The company's quarterly profits more than doubled year-over-year to $59.7 billion.[The Verge]
- Data center revenue reached a record $89 billion, more than doubling over the previous year.[The Verge]
- Nvidia projected its revenue for the upcoming quarter will reach $108 billion.[The Verge]
What remains uncertain
- Whether Nvidia will meet its $108 billion projection in the coming quarter remains to be seen.[The Verge]