"Revenue was up 94% year-on-year, driven by the sustained demand in our data center and AI platforms."
— Colette Kress
03Detailed Report
NVDA
NVIDIA Corporation
Period
Q3 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 14, 2026
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Executive Summary
NVIDIA Corporation reported a remarkable Q3 2025, featuring a revenue increase of 94% year-over-year, driven by heightened demand for AI and accelerated computing solutions. Revenue reached $35.1 billion, surpassing management’s guidance significantly. The accelerated adoption of NVIDIA’s H200 products catalyzed a 112% year-on-year growth in the Data Center segment, manifesting NVIDIA's dominance in AI infrastructure. Gross and net margins remained robust, showcasing operational efficiency despite increasing R&D and operational costs.
Management emphasized the unprecedented growth trajectory for AI applications and their commitment to ramping production to meet soaring demand. The upcoming Blackwell architecture is expected to enhance performance capabilities further, which could result in sustained revenue growth in the current fiscal year and beyond, reinforcing NVIDIA’s competitive edge in the semiconductor industry.
### Year-over-Year and Quarter-over-Quarter Comparisons
- Revenue YoY Increase: 94%
- Operating Income YoY Increase: 109.9%
- Net Income YoY Increase: 108.9%
- Margin Analysis: Gross margin down from previous quarters due to increased production costs, but high demand ensures healthy margins.
Management attributed growth to the exceptional performance of their newly launched H200 systems and AI-driven services, with anticipation of further increases as they ramp up production of Blackwell systems in response to market needs.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
35.08B
93.61%
16.78%
Gross Profit
26.16B
95.19%
15.87%
Operating Income
21.87B
109.94%
17.31%
Net Income
19.31B
108.90%
16.33%
EPS
0.79
107.89%
16.18%
Key Financial Ratios
Gross Profit Margin
Excellent
74.60%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Excellent
62.30%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
55.00%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Strong
20.10%
Return on assets demonstrates excellent capital efficiency and value creation
Return on Equity
Strong
29.30%
Return on equity demonstrates excellent capital efficiency and value creation
Current Ratio
Strong
4.10
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Conservative
0.16
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
High Growth
44.63x
Very high P/E indicates aggressive growth expectations, higher risk
Price to Book
High Premium
52.31x
Very high premium suggests asset-light business model or lofty expectations
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