CoinDesk
Nvidia reported fiscal second-quarter revenue of $96.2 billion, beating the $92.27 billion consensus estimate, while adjusted EPS came in at $2.22 versus $2.09 expected. Its $108 billion third-quarter revenue guide topped Wall Street’s $103.9 billion forecast and sent shares 8% higher in pre-market trading. Bitcoin climbed more than 1% over 24 hours to challenge $80,000. Nvidia also agreed to acquire open-source AI platform Hugging Face for $12.9 billion, The Information reported.
Why it matters
The print reinforces Nvidia’s role at the center of the AI infrastructure trade, while the Hugging Face deal would extend its reach into software. Hugging Face is one of the largest platforms for sharing and deploying open-source models, taking Nvidia beyond chips and infrastructure.
Jensen Huang said AI agents require 15 to 100 times more compute than conventional human-prompted interactions. Nvidia expects revenue to grow approximately 70% in fiscal 2028, while customer forecasts point to demand potentially doubling. Supply remains the primary constraint through that fiscal year.
Market impact
The reaction spread beyond Nvidia. Invesco QQQ gained more than 1%, AI infrastructure companies advanced, and Bitcoin rose more than 1% as the equity AI trade spilled into broader risk appetite.
The next test is execution against the guide. Nvidia expects fourth-quarter gross margins to bottom at 71% to 72% as memory costs rise, and its outlook includes no China data-center compute revenue amid continuing geopolitical uncertainty.
Frequently asked questions
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What were Nvidia’s fiscal second-quarter revenue and EPS results?
Nvidia reported $96.2 billion in fiscal second-quarter revenue and adjusted EPS of $2.22. Consensus estimates were $92.27 billion and $2.09, respectively.
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How did Nvidia’s third-quarter revenue guide compare with Wall Street’s forecast?
Nvidia guided for $108 billion in third-quarter revenue, above Wall Street’s $103.9 billion forecast.
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What would the Hugging Face acquisition add to Nvidia’s business?
Hugging Face is one of the largest platforms for sharing and deploying open-source models. The reported acquisition would extend Nvidia beyond chips and infrastructure into software.
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Why does AI-agent usage matter for Nvidia’s compute outlook?
Jensen Huang said AI agents require 15 to 100 times more compute than conventional human-prompted interactions. Customer forecasts also point to demand potentially doubling.
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What constraints are in Nvidia’s outlook?
Supply is expected to remain the primary constraint through fiscal 2028. Nvidia also expects fourth-quarter gross margins to bottom at 71% to 72% as memory costs rise, with no China data-center compute revenue in its outlook.
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