AI Cloud Services Bitcoin Mining revenue declined 63% year over year to $66.7M from $180.3M while AI Cloud Services revenue increased 907% to $70.5M from $7.0M. Q4 results reflected the transition from Bitcoin Mining to AI Cloud Services. IREN is targeting $4B of AI Cloud Services ARR to be operational by December 31, 2026.
Identity Resilience Subscription revenue increased 37% year over year to $407.2 million. Within subscription, Management described Identity Resilience, a Rubrik Security Cloud capability, as one of the company’s fastest-growing product lines. Management reported Cloud ARR growth of 39% to $1.48 billion, with RSC included within the company’s Cloud ARR measure.
Elastic Cloud Elastic Cloud revenue increased 20% year over year to $235.2 million, Other Subscription Revenue increased 11% and Services revenue increased 10%. Elastic Cloud was the company’s fastest-growing reported revenue category.
Falcon Flex Subscription revenue increased 27% year over year to $1.4B and Professional Services revenue increased 7% to $70.6M. Module adoption rates for Subscription customers using six or more Falcon modules reached 51%. Falcon Flex ending ARR exceeded $2.29B, up 101% year over year.
Data 360, Headless Platform, and Other Subscription and support revenue increased 11.7% year over year to $10.820B. Within Subscription and support, Agentforce Apps revenue increased 7.7% to $7.193B, Data 360, Headless Platform, and Other revenue increased 20.3% to $3.618B, and Hedging gains was $9M. Professional services and other declined 4% to $525M. Management cited strong momentum in Agentforce Apps and Data 360, bolstered by the acquisition of Informatica.
Data Center Data Center revenue increased 117% to $89.0 billion, representing 92.5% of total revenue. Within Data Center, NVIDIA announced the NVIDIA Vera Rubin platform is ramping into full production, and NVIDIA Blackwell led across every category in the MLPerf Training 6.0 benchmarks. Edge Computing revenue increased 27% to $7.2 billion.
Enterprise Advanced Box revenue increased 9.2% year over year to $321.15M. Management said Box delivered exceptional second quarter results, led by the rapid customer adoption of Enterprise Advanced.
Signal Integrity Signal Integrity revenue increased 64% to $126.2M, the fastest year over year growth among Semtech’s reported operating divisions. Analog Mixed Signal and Wireless revenue increased 27.6% to $117.4M, and IoT Systems and Connectivity revenue increased 10.7% to $98.3M.
Transaction Services Online Marketing Services and Others revenue increased 3.4% year over year to RMB57.6B and rebounded 15.4% sequentially. Transaction Services revenue increased 13% to RMB54.7 billion.
Smart Home & Robot Product PaaS revenue increased 16.9% year over year to $67.9 million in Q2. AI application & others revenue increased 3.9% to $11.5 million. Smart home & robot product revenue increased 23.2% to $13.5 million, primarily due to growing customer demand. Tuya noted revenue performance reflected resilient demand across selected home appliance categories and increasing adoption of differentiated, AI-enabled products and solutions.
