Two Mystery Clients Now Account for 39% of Nvidia Revenue
- Nvidia disclosed in its August 27 Q2 filing that two direct customers, Customer A and Customer B, accounted for 39% of its $46.74 billion revenue.
- This concentration reflects a significant increase from last year, when the top two customers made up only 14%, raising concerns about potential revenue risks.
- The company's dominant data center business, responsible for 88% of revenue, relies heavily on cloud providers and other large customers with continued high AI demand.
- CFO Colette Kress highlighted that at times, a large portion of the company’s revenue comes from a small group of clients, and this pattern is likely to persist.
- Analysts warn that Nvidia's growth could falter if these buyers reduce spending, making diversification vital amid AI sector volatility despite Nvidia's strong market position.
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Nvidia Leans Heavily on Two Undisclosed Customers for Revenue Boom - NVIDIA (NASDAQ:NVDA)
Last week, Nvidia Corp. (NASDAQ:NVDA) reported second quarter earnings that exceeded analysts' forecasts. However, the focus shifted to two undisclosed customers who made up a substantial 39% of the company’s revenue. Referred to as “Customer A” and “Customer B” in Nvidia’s SEC filing, these clients were responsible for 23% and 16% of Nvidia’s Q2 revenue, respectively. This marks a significant rise from the prior year, where they accounted for 1…
NVIDIA Reveals Two Customers Accounted for 39% of Quarterly Revenue
NVIDIA disclosed on August 28, 2025, that two unnamed customers contributed 39% of its revenue in the July quarter, raising questions about the chipmaker’s dependence on a small group of clients. The company posted record quarterly revenue of $46.7 billion, up 56% from a year ago, driven by insatiable demand for its data centre products. In a filing with the U.S. Securities and Exchange Commission (SEC), NVIDIA said “Customer A” accounted for 23…
TechCrunch
Nvidia says two mystery customers accounted for 39% of Q2 revenue
Nearly 40% of Nvidia’s second quarter revenue came from just two companies, identified in a filing as "Customer A" and "Customer B."
Nvidia News: If a company gets a large part of its revenue from just a few clients, then a debate starts about its business growth and something similar is happening with Nvidia. In the second quarter, it got 39% revenue from just two customers. Know who these two customers are and what does the company have to say? - Nvidia top two mystery customers made up 39 percent of the chipmaker's Q2 revenue
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