Business

Check Out This Crazy Chart Showing Nvidia’s Warp-Speed Rise In Revenue

NVIDIA Taiwan/Wikimedia Commons

Nvidia’s revenue exploded over the past three years as the artificial intelligence (AI) boom transformed the chipmaker into one of the most valuable companies in the world.

A Wall Street Journal chart tracking Nvidia’s quarterly revenue and net income showed just how dramatic that transformation was. Quarterly revenue climbed from only a few billion dollars in fiscal 2023 to nearly $100 billion in the latest quarter, while net income surged from less than $1 billion to nearly $60 billion.

The latest results showed that Nvidia’s growth was still accelerating. The chipmaker reported $96.2 billion in revenue for the quarter ended July 26, up 106% from a year earlier and roughly 4% above Wall Street’s expectations. Nvidia also reported $59.7 billion in net income, and earnings per share of $2.46, according to the company’s financial disclosures.

Nvidia’s data-center business, which includes the chips and systems powering much of the AI infrastructure buildout, generated $89 billion in revenue, up 117% from a year earlier, according to the company.

The chart puts those numbers into perspective. Nvidia’s quarterly revenue was still measured in the single-digit billions at the beginning of fiscal 2023. By fiscal 2025, quarterly revenue had climbed into the tens of billions. Now, the company is approaching $100 billion in sales every three months.

Nvidia became one of the biggest beneficiaries of the enormous sums being spent by technology companies to build AI data centers. Its processors are used to train and run many of the increasingly sophisticated AI models being developed by companies around the world.

The company was increasingly financing the infrastructure needed to support that demand. Nvidia partnered with major Wall Street firms on plans designed to mobilize more than $500 billion in financing for AI computing infrastructure.

Nvidia agreed to provide financial backing for a massive OpenAI data-center project in Ohio, potentially exposing the company to significant obligations if the project does not meet expectations.

The stock had fallen for seven consecutive trading sessions before recovering Tuesday and fell roughly 1% in after-hours trading following Wednesday’s earnings report, despite another major earnings beat.