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Oct 27, 2024

NVIDIA Q3 2025 Earnings Report

NVIDIA Reports Record Quarterly Revenue and Strong Growth in Data Center Segment

Key Takeaways

NVIDIA reported record quarterly revenue of $35.1 billion, driven by exceptional growth in its Data Center segment. The company's earnings per share also saw significant increases, reflecting strong demand for its AI-related products and services.

Record quarterly revenue of $35.1 billion, up 94% year-over-year.

Record Data Center revenue of $30.8 billion, up 112% year-over-year.

GAAP earnings per diluted share of $0.78, up 111% year-over-year.

Non-GAAP earnings per diluted share of $0.81, up 103% year-over-year.

Total Revenue
$35.1B
Previous year: $18.1B
+93.6%
EPS
$0.81
Previous year: $0.402
+101.5%
Gross Profit
$26.2B
Previous year: $13.4B
+95.2%
Cash and Equivalents
$38.5B
Previous year: $5.52B
+597.4%
Free Cash Flow
$16.8B
Previous year: $7.05B
+138.0%
Total Assets
$96B
Previous year: $54.1B
+77.3%

NVIDIA

NVIDIA

Forward Guidance

NVIDIA expects revenue of $37.5 billion, plus or minus 2%, for the fourth quarter of fiscal 2025.

Positive Outlook

  • Revenue expected to be $37.5 billion, plus or minus 2%.
  • GAAP gross margins expected to be 73.0%, plus or minus 50 basis points.
  • Non-GAAP gross margins expected to be 73.5%, plus or minus 50 basis points.
  • Other income and expense expected to be an income of approximately $400 million.
  • GAAP and non-GAAP tax rates expected to be 16.5%, plus or minus 1%.

Challenges Ahead

  • GAAP operating expenses expected to be approximately $4.8 billion.
  • Non-GAAP operating expenses expected to be approximately $3.4 billion.
  • Potential fluctuations in global economic conditions.
  • Reliance on third parties for manufacturing.
  • Risks associated with technological development and competition.