Nvidia’s Q2 2025 Earnings Skyrocket, Yet Two Unnamed Customers Dominate Sales
Nvidia recently announced its Q2 2025 earnings, reporting a substantial revenue of $46.74 billion. This represents a remarkable 56% increase from the previous year. However, the chipmaker’s disclosure that a mere two unnamed customers accounted for a significant 39% of its quarterly revenue has sparked concerns about customer concentration risks.
The company cryptically identified these clients as “Customer A” and “Customer B”. The former was responsible for 23% and the latter for 16% of the total Q2 sales. Despite this, the earnings exceeded Wall Street expectations, with adjusted earnings per share standing at $1.05 against the anticipated $1.01.
Nvidia’s data center business, a key player in AI infrastructure, generated a whopping $41.1 billion in revenue. However, it fell slightly short of analyst expectations, which were set at $41.29 billion. CEO Jensen Huang stressed that the demand for AI infrastructure remains robust, with the company projecting an impressive $54 billion in revenue for the upcoming quarter.