Nvidia Reveals Two Mystery Clients Made Up 39% of Q2 Revenue

In the second quarter of 2025, Nvidia reported a record-breaking revenue of $46.7 billion, marking a 56% increase from the previous year. However, a surprising detail emerged from the company’s financial filings: two unnamed clients, referred to as “Customer A” and “Customer B,” accounted for nearly 39% of this revenue. Specifically, Customer A contributed 23%, while Customer B added 16%. This concentration is a significant rise from the same quarter in the previous year, when the top two customers represented 14% and 11% of sales, respectively.