Revenue: $35.08 billion (+94% YoY), beating analyst expectations of $33.29 billion.
Earnings Per Share (EPS): $0.81 adjusted, surpassing the $0.75 estimate.
Net Income: $19.31 billion, more than double the year-ago period and ahead of projections of $17.47 billion.
Segment Highlights
Data Center: Revenue surged by 112%, driven by AI and generative AI workloads.
Gaming: Grew 15%, supported by stable demand for GPUs.
Professional Visualization: Rose 17%.
Automotive: Achieved a notable 72% increase in revenue.
Strategic Updates
AI Momentum & Blackwell Chips:
CEO Jensen Huang confirmed Nvidia's leadership in generative AI, stating:
"The age of AI is in full steam, propelling a global shift to Nvidia computing."
Nvidia also plans to ramp up shipments of its next-generation Blackwell systems in Q4 FY2025. However, CFO Colette Kress acknowledged ongoing supply constraints and highlighted “staggering demand” for these systems, which are expected to remain supply-constrained into FY2026.
Buybacks & Financial Strength:
Nvidia repurchased $11 billion in stock during the quarter as part of its shareholder return strategy.
Cash and equivalents rose to $38.5 billion, up from $34.8 billion in the prior quarter.
Revenue Guidance:
Nvidia expects Q4 FY2025 revenue of $37.5 billion (+/- 2%), slightly ahead of Wall Street’s expectation of $36.9 billion. Gross margins are projected between 73% and 73.5%, signaling sustained profitability.
Market Reaction
Despite exceeding expectations, Nvidia’s shares dipped 2% in extended trading. Earlier in the week, concerns about Blackwell supply constraints weighed on the stock, which has nearly tripled in 2024, demonstrating strong investor confidence in its AI dominance.
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