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Nvidia reports record sales as the AI boom continues

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Nvidia reports record sales as the AI boom continues Russell Brandom PM PDT · August 27, 2025 Nvidia, the world’s most valuable company, reported another quarter of sustained sales growth in its earnings statement Wednesday, with $46.7 billion in revenue, a 56% increase compared to the same period last year. That growth was largely fueled

Nvidia also saw its net income grow substantially since last year. The company reported a net income of $26.4 billion in the second quarter, a 59% spike since the same period last year.

All told, the company brought in $41.1 billion in revenue from data center sales in the quarter, suggesting that AI companies’ demand for cutting-edge GPUs continues to grow. The company’s most advanced generation of chips, Blackwell, accounted for $27 billion of those sales.

“Blackwell is the AI platform the world has been waiting for,” said CEO Jensen Huang in a statement accompanying the release. “The AI race is on, and Blackwell is the platform at its center.”

The company made particular note of its role in the launch of OpenAI’s open

The earnings also gave a look at Nvidia’s ongoing struggle to sell its chips in Chinese markets. The company reported no sales of its China-focused H20 chip to Chinese customers in the past quarter; Nvidia did report $650 million worth of H20 chips had been sold to a customer outside China.

The United States has long restricted sales of advanced GPUs to Chinese customers – but the geopolitical situation has changed significantly under President Trump. The company is now permitted to sell chips to China as long as it pays a 15% percent export tax to the U.S. Treasury, as a result of an unconventional arrangement that legal scholars have described as an unconstitutional abuse of power.

Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They’re here to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $600+ before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They’re here to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | October 27-29, 2025 REGISTER NOW On the earnings call, Nvidia CFO Colette Kress made clear that the lack of shipment was a result of uncertainty around the arrangement, which has not been officially codified into a federal regulation. “While a select number of our China based customers have received licenses over the past few weeks,” Kress said, “we have not shipped any H20 devices based on those licenses.”

Still, the Chinese government has officially discouraged the use of Nvidia chips

Nvidia said it expects $54 billion in revenue in the third quarter. The company noted that its outlook for the third quarter, which could shift 2% in either direction, doesn’t include any H20 shipments to China.

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Russell Brandom AI Editor

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