NVIDIA Corporation logo

NVIDIA Corporation

NVDA
Q3 2025

Revenue

$57B

+22%

Net Income

$32B

+21%
NVDA
Technology
Semiconductors

NVIDIA Corporation

CIK: 0001045810

NVIDIA Corporation logo

Next Earnings Report

Estimated based on historical filing patterns

Wed, May 20, 2026
Estimated
10-Q
FQ1 2027

This date is an estimate based on the company's typical quarterly filing schedule. The actual filing date may vary.

Earnings Analysis

Analyzed 11 of 12 reports

Performance Summary - Q3 2025
bullish
raised

Revenue
$57.0B
QoQ:+22.0%
YoY:+62.5%
Net Income
$31.9B
QoQ:+20.8%
YoY:+65.3%
Peer Comparison
Mag7
(6 peers)
Peers: AAPL, MSFT, GOOGL, AMZN, META, TSLA
Analyze peer companies to see comparative metrics here
Tech
(26 peers)
Peers: AAPL, MSFT, GOOGL, AMZN, META, TSLA, SNOW, PLTR, NET, CRWD, DDOG, ZS, OKTA, MDB, TEAM, U, RBLX, AMD, INTC, QCOM, AVGO, COIN, HOOD, CORZ, DOCN, IONQ
Analyze peer companies to see comparative metrics here

Financial Performance Trend

Sentiment:
bull
bull
bull
bull
bull
bull
bull
bull
neut
bull
bull
Guidance:
maintain
raised
raised
raised
raised
raised
raised
raised
lowered
raised
raised

Overall Analysis & Outlook

Over the past 5 quarters, NVIDIA Corporation has been consistently bullish with multiple guidance raises. Revenue has grown 692.6% during this period. The latest quarter shows bullish sentiment with positive tone from management.

Latest Quarter Highlights:

NVIDIA delivered strong Q3 results driven by data center and AI compute platforms. Data Center revenue grew 66% year-over-year, with Blackwell architecture becoming the leading platform across customer categories. Regulatory challenges persist but do not significantly impede growth momentum.

Detailed Quarterly Reports

In-depth analysis of each quarter's earnings filing

Q3 2025

10-Q • Filed 11/19/2025

bullish

Summary

NVIDIA delivered strong Q3 results driven by data center and AI compute platforms. Data Center revenue grew 66% year-over-year, with Blackwell architecture becoming the leading platform across customer categories. Regulatory challenges persist but do not significantly impede growth momentum.

Revenue

$57.01B

Net Income

$31.91B

Guidance

raised

Tone

positive

Capex

$4.76B

Partnerships

OpenAI
Anthropic

Key Quotes

"Blackwell Ultra is now our leading architecture across all customer categories"

"We are increasing our U.S.-based manufacturing and investing in specialized equipment"

"The recent rise in high-quality open-source foundation models is making advanced AI capabilities broadly accessible"

Q2 2025

10-Q • Filed 8/27/2025

bullish

Summary

NVIDIA delivered exceptional Q2 results driven by accelerated computing and AI platforms, with Data Center revenue growing 56% year-over-year. The company continues to expand its Blackwell architecture and navigate complex geopolitical export regulations.

Revenue

$46.74B

Net Income

$26.42B

Guidance

raised

Tone

confident

Capex

$3.12B

Partnerships

U.S. government licensing agreements

Key Quotes

"We continue to ramp our Blackwell architecture, which grew 17% sequentially, including our newest architecture, Blackwell Ultra."

"We plan to increase our U.S.-based manufacturing and invest in specialized equipment and processes to support domestic production."

Q1 2025

10-Q • Filed 5/28/2025

neutral

Summary

NVIDIA reported strong Data Center and AI revenue growth of 69% YoY, driven by Blackwell architecture, but faced significant challenges from US export controls on H20 products to China, resulting in a $4.5 billion inventory charge. Future revenue and market access in China remain uncertain.

Revenue

$44.06B

Net Income

$18.77B

Guidance

lowered

Tone

cautious

Capex

$1.23B

Key Quotes

"We are still evaluating our limited options to supply Data Center compute products compliant with the USG's export control rules."

"The H20 export licensing requirements have impacted our current revenue and will also negatively affect our future revenue."

Q4 2024

10-K • Filed 2/26/2025

bullish

Summary

NVIDIA delivered exceptional financial performance in fiscal 2025, driven by strong demand for AI and accelerated computing platforms. Data Center revenue grew 162%, powered by Hopper and new Blackwell architectures. The company continues to lead in AI technology innovation.

Revenue

$-91,035.503M

Net Income

$22.09B

Guidance

raised

Tone

confident

Capex

$3.40B(+209% YoY)

Partnerships

Cloud Service Providers for NVIDIA DGX Cloud
Ethernet for AI platform partnerships

Key Quotes

"Advancements in accelerated computing and generative AI models have driven increased demand for our Data Center systems"

"We continue to increase our supply and capacity purchases to support demand projections"

Q3 2024

10-Q • Filed 11/20/2024

bullish

Summary

NVIDIA delivered exceptional Q3 performance driven by strong AI and Data Center demand, with revenue up 94% YoY to $35.1B. Data Center revenue grew 112% YoY, representing approximately 88% of total revenue, fueled by generative AI and large language model applications.

Revenue

$35.08B

Net Income

$19.31B

Guidance

raised

Tone

positive

Capex

$2.16B

Key Quotes

"Advancements in accelerated computing and generative AI models, along with the growth in model complexity and scale, have driven increased demand for our Data Center systems"

"We have introduced a new architecture cadence of our Data Center solutions where we seek to complete a new computing architecture each year"

Q2 2024

10-Q • Filed 8/28/2024

bullish

Summary

NVIDIA delivered exceptional Q2 performance driven by strong AI and data center demand, with revenue growing 122% year-over-year. The company is positioning itself at the forefront of AI computing with its Hopper and upcoming Blackwell architectures, despite geopolitical challenges.

Revenue

$30.04B

Net Income

$16.60B

Guidance

raised

Tone

positive

Capex

$1.35B

Partnerships

Cloud service providers
Enterprise AI companies
Consumer internet companies

Key Quotes

"Demand estimates for our new products, applications, and services can be incorrect and create volatility in our revenue or supply levels."

"We expect to ship several billion dollars in Blackwell revenue in the fourth quarter of fiscal year 2025."

Q1 2024

10-Q • Filed 5/29/2024

bullish

Summary

NVIDIA delivered exceptional Q1 results driven by massive AI-driven data center demand, with revenue up 262% year-over-year and net income up 628%. The company's Hopper GPU platform and AI infrastructure solutions continue to see tremendous market traction across cloud, enterprise, and consumer internet segments.

Revenue

$26.04B

Net Income

$14.88B

Guidance

raised

Tone

positive

Capex

$369M

Partnerships

Lucid electric vehicles
IM Motors
BYD
XPENG
GAC's AION Hyper
Nuro

Key Quotes

"We believe the initial demand for Blackwell is well ahead of the projected supply for this fiscal year"

"Large cloud providers continued to drive strong growth as they deploy and ramp NVIDIA AI infrastructure at scale"

Q4 2023

10-K • Filed 2/21/2024

bullish

Summary

NVIDIA delivered exceptional financial performance in fiscal year 2024, with revenue growing 126% to $60.9B and net income surging 581% to $29.8B, driven primarily by strong AI and Data Center demand.

Revenue

$22.10B

Net Income

$12.29B

Guidance

raised

Tone

confident

Capex

$3.50B

Partnerships

MediaTek for automotive chips
Foxconn for electric vehicles
Microsoft Azure for Omniverse Cloud

Key Quotes

"Demand for our data center systems and products surged in fiscal year 2024"

"We launched AI inference platforms that combine our full-stack inference software with NVIDIA processors optimized for generative AI"

Q3 2023

10-Q • Filed 11/21/2023

bullish

Summary

NVIDIA delivered exceptional Q3 performance, driven by explosive AI demand and Data Center growth. Revenue surged 206% YoY to $18.12B, with Data Center revenue up 279%, reflecting massive adoption of AI computing platforms.

Revenue

$18.12B

Net Income

$9.24B

Guidance

raised

Tone

extremely positive

Capex

$815M

Partnerships

Microsoft Azure
Dell Technologies
Hewlett Packard Enterprise
Lenovo
Amdocs
Dropbox
Foxconn
Genentech
Infosys
Reliance Industries
Scaleway
Tata Group

Key Quotes

"Demand for our data center systems and products has surged over the last three quarters and our demand visibility extends into next year."

"Strong sales of the NVIDIA HGX platform were driven by global demand for the training and inferencing of large language models, recommendation engines, and generative AI applications."

Q2 2023

10-Q • Filed 8/28/2023

bullish

Summary

NVIDIA delivered exceptional Q2 results, driven by surging demand for AI and data center computing platforms. Revenue and net income more than doubled year-over-year, with generative AI and large language models fueling unprecedented growth in the compute and networking segment.

Revenue

$13.51B

Net Income

$6.19B

Guidance

raised

Tone

positive

Capex

$537M

Partnerships

ServiceNow
Accenture
VMware
Snowflake
WPP
SoftBank
Hugging Face
MediaTek

Key Quotes

"Demand for our data center systems and products has surged over the last two quarters and our demand visibility extends into next year"

"Strong demand for the NVIDIA HGX platform based on our Hopper and Ampere GPU architectures was primarily driven by the development of large language models and generative AI"

Q1 2023

10-Q • Filed 5/26/2023

bullish

Summary

NVIDIA delivered strong Q1 results driven by generative AI demand, particularly in Data Center segment. Despite macroeconomic challenges, the company showed resilience with 14% year-over-year growth in Compute & Networking revenue and continued investment in AI technologies.

Revenue

$7.19B

Net Income

$2.04B

Guidance

maintained

Tone

cautiously optimistic

Partnerships

Google Cloud for NVIDIA L4 Tensor Core GPU
ServiceNow for generative AI
Dell Technologies for generative AI solutions
Medtronic for AI medical device platform
Microsoft for Omniverse Cloud

Key Quotes

"Growing demand for generative AI and large language models using GPUs based on our NVIDIA Hopper and Ampere architectures"

"We launched NVIDIA AI Foundations to help businesses create and operate custom large language models and generative AI models"

Sector Comparison

How NVDA performs vs Technology sector and Semiconductors peers

Sector Ranking (Technology)

#2of 14

Category Ranking (Semiconductors)

#1of 3

Key Metrics vs Averages

Revenue (Quarterly)
114% above avg

NVDA

$57,006M

Semiconductors Avg

$26,635M

Technology Avg

$13,544.666M

Overall Sentiment
bullish

Guidance: raised • Tone: positive