NVIDIA delivers massive growth and robust margins, with management guiding Q3 revenue to $108 billion as the company navigates supply constraints and expanding AI demand.
NVIDIA posts triple-digit revenue growth, 75% gross margin, and supply constraints through fiscal 2028, with Q3 guidance of $108B excluding China.
AMD is mentioned as a competitor to NVIDIA in data center AI chips, but no specific financials are discussed.
Broadcom is mentioned as a competitor to NVIDIA in AI networking and data center chips.
NVIDIA disclosed custom co-developed products via NVLink with Intel, marking a partnership rather than pure competition.
NVIDIA reports triple-digit revenue growth and a 75% gross margin, signaling sustained momentum in AI infrastructure. Despite supply constraints expected through 2028, management projects Q3 revenue of $108 billion, excluding China, as hyperscaler capital expenditure continues to accelerate.
Management notes that supply is currently meeting 70% of demand and expects these constraints to persist through fiscal 2028, while maintaining that compute inventory remains fungible and redeployable.
While AMD and Broadcom remain competitors, NVIDIA has shifted its relationship with Intel to a partnership, disclosing custom co-developed products utilizing NVLink technology.