NVIDIA reported record revenue of $46.7 billion for Q2, a 56% increase year-over-year, largely fueled by AI data center demand. However, two customers contributed 39% of the total revenue, referred to as Customer A (23%) and Customer B (16%). Four other clients added 46% collectively. These customers are mainly OEMs, system integrators, or distributors, with cloud providers like Google and Amazon buying indirectly. Analysts caution that heavy reliance on few customers poses risks but foresee continued strong spending.
Two customers contributed 39% of NVIDIA’s total revenue for its second quarter (April–June), which ended on July 27. The chipmaker disclosed this information in a filing recently submitted to the U.S. Securities and Exchange Commission (SEC), according to TechCrunch.
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