From GlobeNewswire: 2024-11-20 16:20:00

NVIDIA reported record quarterly revenue of $35.1 billion, up 17% from Q2 and 94% from a year ago. Data Center revenue was $30.8 billion, up 17% from Q2 and 112% from a year ago. CEO Jensen Huang stated AI is transforming every industry, company, and country, with demand for Hopper and anticipation for Blackwell high.

In Q3 of fiscal 2025, NVIDIA saw revenue of $35.1 billion, up 17% from last quarter and 94% from a year ago. GAAP earnings per diluted share was $0.78, up 16% from last quarter and 111% from a year ago. NVIDIA will pay a quarterly cash dividend of $0.01 per share on December 27, 2024.

NVIDIA’s outlook for Q4 fiscal 2025 includes an expected revenue of $37.5 billion. GAAP and non-GAAP gross margins are expected to be 73.0% and 73.5%, respectively. Operating expenses are projected at $4.8 billion for GAAP and $3.4 billion for non-GAAP. Other income and expense are anticipated to be approximately $400 million.

In the third quarter, NVIDIA achieved record Data Center revenue of $30.8 billion, launched Denmark’s largest AI supercomputer, and introduced the NVIDIA AI Aerial platform for telecommunications providers. Gaming revenue was $3.3 billion, with 25th-anniversary celebrations for GeForce 256 and the introduction of 20 new GeForce RTX and DLSS titles.

Profession Visualization revenue in Q3 was $486 million, up 7% from the previous quarter and 17% from a year ago. NVIDIA announced partnerships with Foxconn and industrial manufacturers in India and Japan to automate workflows with AI and Omniverse. The Automotive segment saw revenue of $449 million, up 30% from the previous quarter and 72% from a year ago.

NVIDIA’s CFO, Colette Kress, provided commentary on the quarter, available on NVIDIA’s investor relations website. The company uses non-GAAP financial measures to enhance understanding of its historical performance. NVIDIA’s non-GAAP net income for Q3 was $20.01 billion, with diluted earnings per share of $0.81.

NVIDIA continues to lead in accelerated computing, with a focus on AI and data center solutions. The company’s commitment to innovation and growth in various sectors, including gaming, AI PCs, professional visualization, automotive, and robotics, is evident in its recent financial results.



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