NVIDIA reported Q2 FY2025 revenue of $30.0 billion, up 122% year-over-year, with Data Center revenue of $26.3 billion up 154% YoY. The company generated $14.5 billion in operating cash flow and $13.5 billion in free cash flow during the quarter, with a non-GAAP net income of $16.95 billion (EPS $0.68). Gross margin contracted 3.3 percentage points sequentially to 75.1% despite revenue growth, consistent with a mix shift toward lower-margin products and the early maturation of the Hopper product cycle ahead of Blackwell ramp. For financial institutions holding AI-infrastructure equity, the sequential margin compression amid record revenue and the management guidance of further compression (Q3 gross margin expected at 74.4%) tests whether scale economics offset manufacturing and supply-chain cost dynamics in the AI infrastructure cycle.
300 other tracked developments touching the same claims.