Nvidia CFO Says Half of Data Center Revenue Comes From Non-Hyperscalers
· Technology · Fortune, Bloomberg
Nvidia reported fiscal second-quarter revenue of $96.2 billion, a 106% increase year-over-year that exceeded analyst expectations. Data Center revenue reached $89.0 billion, with CFO Colette Kress stating that approximately half of this segment now comes from customers outside of major hyperscalers like Microsoft, Google, and Meta. This non-hyperscaler growth includes sovereign AI programs, regional cloud providers, and enterprise edge systems. The company also issued a strong third-quarter guidance of $105.8–$110.1 billion. Nvidia's growth is supported by a significant increase in global venture capital funding for AI, which exceeded $400 billion in the first half of 2026.
Why it matters
Nvidia's diversified revenue stream suggests that AI demand is broadening beyond a few Big Tech giants, potentially easing concerns about the sustainability of the AI sector.
Read the original report — Fortune
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