Nvidia (NVDA) Reports $96.2 Billion Revenue in Q2, Sees Asset Surge

Nvidia (NASDAQ:NVDA) reported $96.2 billion in revenue for the fiscal second quarter, a 106% increase from the same period last year. The company achieved a 75% gross margin and anticipates approximately 70% revenue growth for the next fiscal year. However, Nvidia's total assets increased by over 50% in the last six months, largely due to receivables rising from $38.5 billion in January to $63.1 billion in July. The company's 'days sales outstanding' (DSO) increased from 45 to 60 days, indicating customers are taking longer to pay, which could affect future cash flow. This matters as it raises questions about demand strength relative to revenue figures.