NVIDIA delivered a standout QQ3 2025 performance driven by sustained AI data-center demand and robust monetization of its GPU platform. Revenue reached $35.08 billion, up 34.7% year-over-year (YoY) with negligible sequential change, while gross margin expanded to approximately 74.6%, yielding a record gross profit of $26.16 billion. Operating income stood at $21.87 billion (margin ~62.3%), and net income was $19.31 billion (net margin ~55.0%), supported by strong pricing discipline and product mix with high-margin software and platform synergies.
The company generated substantial cash flow, with operating cash flow of $17.63 billion and free cash flow of $16.81 billion for the quarter. NVIDIA carries a formidable liquidity position, evidenced by cash and short-term investments totaling roughly $38.49 billion and a material net cash posture relative to debt. Management commentary continues to emphasize the durability of AI workloads, hyperscaler deployment, and the expanding addressable market across gaming, professional visualization, data center, and automotive applications. In the near term, the key risk factors center on AI compute demand cycles, competitive dynamics from AMD and Intel, and macro developments affecting capex cycles among hyperscalers and OEMs.