Nvidia Corporation has posted revenue of $46.7 billion for the second quarter (Q2) of its fiscal year ending July 27.
The figure represents a 6 percent increase from the previous quarter and 56 percent higher than the same period last year.
In a statement, the chipmaker firm said revenue growth was largely driven by demand for its Blackwell Data Centre platform, which rose 17 percent sequentially.
Nvidia said there were no H20 chip sales to China-based customers during the quarter, but the company recorded a $180 million release of previously reserved H20 inventory from approximately $650 million in unrestricted sales to a customer outside China.
On August 10, Nvidia and AMD agreed to give the United States government 15 percent of their revenue from advanced chips sold to China in return for export licences to the key market.
The H20 chip was developed specifically for the Chinese market after US export restrictions were imposed by the Biden administration in 2023.
Sales of the chip were effectively banned by Donald Trump’s government in April 2025.
However, Trump’s response to the move has been uncertain.
The chipmaker’s financial statement further showed that net income surged 59 percent year-on-year to $26.4 billion, compared to $16.6 billion in the same quarter of 2024, while diluted earnings per share rose 61 percent to $1.08.
Jensen Huang, founder and chief executive officer (CEO) of Nvidia, said demand for Blackwell has been extraordinary.
“Blackwell is the AI platform the world has been waiting for, delivering an exceptional generational leap,” he said.
“The AI race is on, and Blackwell is the platform at its centre.”
