Nvidia reports record $81.6B quarterly revenue but forecasts slowing growth
By
Russell Brandom
Lightly toasted, lightly seasoned, mostly correct.
Summary
Nvidia reported another record-breaking quarter with $81.6 billion in revenue (up 20% from the previous quarter) and a record $75.2 billion in data center revenue for the period ending April 26. The company also authorized $80 billion in share repurchases. However, despite the strong results, Nvidia forecasted that revenue growth would slow in the following quarter. CFO Colette Kress highlighted that their Blackwell architecture is being adopted by every major hyperscaler, cloud provider, and model maker.
Key quotes
· 1 pulledOur Blackwell architecture is everywhere, adopted and deployed by every major hyperscaler, every cloud provider, and every major model maker.
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