Nvidia posts another record quarter, reveals $43B of holdings in startups
Nvidia reported record revenue of $81.6 billion for the quarter ending April 26, marking a 20% increase from the previous quarter. The company also revealed a significant increase in its stakes in privately held companies, which rose from $22 billion to $43 billion. Despite strong earnings, Nvidia projected a slowdown in revenue growth for the next quarter, forecasting $91 billion in revenue.
- ▪Nvidia's revenue for the quarter reached $81.6 billion, a 20% increase from the previous quarter.
- ▪The company's data center revenue set a record at $75.2 billion.
- ▪Nvidia's stakes in privately held companies nearly doubled, increasing from $22 billion to $43 billion over three months.
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Nvidia announced another record revenue figure after market close on Wednesday, reporting financial results for the quarter ending April 26. Over those three months, the company brought in $81.6 billion in revenue (up 20% from the previous quarter) and a record $75.2 billion in data center revenue. On the strength of that revenue, the company is authorizing $80 billion in share repurchases. “Our Blackwell architecture is everywhere, adopted and deployed by every major hyperscaler, every cloud provider, and every major model maker,” said Nvidia CFO Colette Kress. Notably, Nvidia did project a slowdown in revenue growth, forecasting $91 billion in revenue for the next quarter, which will be 12% growth. Chinese exports did not make any significant impact on the company’s earnings.
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