Two Nvidia customers made up 39% of Nvidia’s revenue in its July quarter, the company revealed in a financial filing on Wednesday, raising concerns about the concentration of the chipmaker’s clientele.
“Customer A” made up 23% of total revenue, and “Customer B” comprised 16% of total revenue, according to the company’s second-quarter filing with the Securities and Exchange Commission.
That’s higher than the same quarter a year ago when Nvidia’s top two customers made up 14% and 11% of sales, according to the filing.
The company regularly publishes information on a quarterly basis about its top customers, but the disclosure this week is fueling a renewed debate about whether Nvidia’s explosive growth is being driven by a handful of large cloud providers such as Microsoft, Amazon, Google and Oracle.
Nvidia finance chief Colette Kress said in a Wednesday statement that “large cloud service providers” made up about 50% of the company’s data center revenue. That’s important as the data center business made up 88% of Nvidia’s overall revenue in the second quarter.
