By Matt Frankel, CFP®
Publication Date: 2026-09-23 11:33:00
Nvidia (NVDA +0.66%) recently reported $96.2 billion in revenue for the fiscal second quarter, which was 106% more than in the same period last year. The company also produced a 75% gross margin, and management told investors to expect roughly 70% revenue growth in the next fiscal year.
By most numbers, Nvidia reported a stellar quarter. However, a closer look at the company’s balance sheet shows that Nvidia’s total assets jumped by more than 50% over the past six months. Here’s why that matters, and what I’ll be watching closely over the next few quarters of Nvidia’s AI-driven growth.
Image source: Getty Images.
Nvidia’s spectacular quarter, with one caveat
It’s difficult to overstate how strong Nvidia’s fiscal second quarter was. Revenue and earnings both handily beat expectations, and Nvidia guided to a jaw-dropping $108 billion in revenue for the current quarter, representing 17% sequential growth.
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As mentioned earlier, Nvidia’s total assets grew rapidly. A big part of that is the company’s receivables rising from $38.5 billion in January to $63.1 billion at the end of July.
Of course, some growth in receivables…
