Nvidia says two mystery customers accounted for 39% of Q2 revenue
10 days ago
- #AI
- #Revenue
- #Nvidia
- Nvidia's Q2 revenue hit $46.7 billion, a 56% YoY increase, driven by AI data center demand.
- Two major customers, 'Customer A' (23%) and 'Customer B' (16%), contributed nearly 40% of Nvidia's Q2 revenue.
- Four other customers accounted for 14%, 11%, 11%, and 10% of Q2 revenue, respectively.
- These customers are direct buyers like OEMs, system integrators, or distributors, not cloud providers.
- Large cloud service providers indirectly influenced 50% of Nvidia's data center revenue, which made up 88% of total revenue.
- Analysts note revenue concentration risks but highlight customers' strong financial positions and expected data center spending.