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Nvidia(NVDA) - 2025 Q3 - Quarterly Results
NVDANvidia(NVDA)2024-11-20 21:21

Revenue Performance - Record quarterly revenue of 35.1billion,up1735.1 billion, up 17% from Q2 and up 94% from a year ago[2] - Record quarterly Data Center revenue of 30.8 billion, up 17% from Q2 and up 112% from a year ago[2] - Third-quarter Gaming revenue was 3.3billion,up143.3 billion, up 14% from the previous quarter and up 15% from a year ago[16] - Third-quarter Automotive revenue was 449 million, up 30% from the previous quarter and up 72% from a year ago[20] - Third-quarter Professional Visualization revenue was 486million,up7486 million, up 7% from the previous quarter and up 17% from a year ago[18] - Revenue for the three months ended October 27, 2024, was 35.082 billion, compared to 18.120billionforthesameperiodin2023,representinga93.618.120 billion for the same period in 2023, representing a 93.6% increase[32] Earnings and Profitability - GAAP earnings per diluted share was 0.78, up 16% from the previous quarter and up 111% from a year ago[3] - Non-GAAP earnings per diluted share was 0.81,up190.81, up 19% from the previous quarter and up 103% from a year ago[3] - Net income for the three months ended October 27, 2024, was 19.309 billion, a 108.9% increase from 9.243billioninthesameperiodin2023[32]−GrossprofitfortheninemonthsendedOctober27,2024,was9.243 billion in the same period in 2023[32] - Gross profit for the nine months ended October 27, 2024, was 69.135 billion, up 151.4% from 27.510billioninthesameperiodin2023[32]−NVIDIA′sGAAPgrossprofitforthethreemonthsendedOctober27,2024,was27.510 billion in the same period in 2023[32] - NVIDIA's GAAP gross profit for the three months ended October 27, 2024, was 26.156 billion, with a gross margin of 74.6%[39] - Non-GAAP gross profit for the same period was 26.322billion,withagrossmarginof75.026.322 billion, with a gross margin of 75.0%[39] - GAAP operating income for the three months ended October 27, 2024, was 21.869 billion, while Non-GAAP operating income was 23.276billion[39]−GAAPnetincomeforthethreemonthsendedOctober27,2024,was23.276 billion[39] - GAAP net income for the three months ended October 27, 2024, was 19.309 billion, and Non-GAAP net income was 19.309billionafteradjustments[39]−DilutedGAAPnetincomepershareforthethreemonthsendedOctober27,2024,was19.309 billion after adjustments[39] - Diluted GAAP net income per share for the three months ended October 27, 2024, was 0.78, while Non-GAAP diluted net income per share was 0.81[40]FinancialPositionandCashFlow−Cash,cashequivalents,andmarketablesecuritiesincreasedto0.81[40] Financial Position and Cash Flow - Cash, cash equivalents, and marketable securities increased to 38.487 billion as of October 27, 2024, from 25.984billionasofJanuary28,2024[33]−Accountsreceivableincreasedto25.984 billion as of January 28, 2024[33] - Accounts receivable increased to 17.693 billion as of October 27, 2024, from 9.999billionasofJanuary28,2024[33]−NetcashprovidedbyoperatingactivitiesfortheninemonthsendedOctober27,2024,was9.999 billion as of January 28, 2024[33] - Net cash provided by operating activities for the nine months ended October 27, 2024, was 47.460 billion, compared to 16.591billionforthesameperiodin2023[37]−Totalassetsincreasedto16.591 billion for the same period in 2023[37] - Total assets increased to 96.013 billion as of October 27, 2024, from 65.728billionasofJanuary28,2024[33]−Shareholders′equityincreasedto65.728 billion as of January 28, 2024[33] - Shareholders' equity increased to 65.899 billion as of October 27, 2024, from 42.978billionasofJanuary28,2024[34]−Cash,cashequivalents,andrestrictedcashattheendoftheperiodwere42.978 billion as of January 28, 2024[34] - Cash, cash equivalents, and restricted cash at the end of the period were 9.107 billion, compared to 5.519billionattheendofthesameperiodin2023[38]−NVIDIA′sfreecashflowforthethreemonthsendedOctober27,2024,was5.519 billion at the end of the same period in 2023[38] - NVIDIA's free cash flow for the three months ended October 27, 2024, was 16.787 billion[40] Expenses and Compensation - Research and development expenses for the nine months ended October 27, 2024, were 9.200billion,up48.19.200 billion, up 48.1% from 6.210 billion in the same period in 2023[32] - Stock-based compensation expense for the three months ended October 27, 2024, was 1.202billion[39]FutureOutlook−RevenueforQ4fiscal2025isexpectedtobe1.202 billion[39] Future Outlook - Revenue for Q4 fiscal 2025 is expected to be 37.5 billion, plus or minus 2%[7] - GAAP and non-GAAP gross margins for Q4 fiscal 2025 are expected to be 73.0% and 73.5%, respectively, plus or minus 50 basis points[7] - GAAP and non-GAAP operating expenses for Q4 fiscal 2025 are expected to be approximately 4.8billionand4.8 billion and 3.4 billion, respectively[7] - NVIDIA's Q4 FY2025 outlook projects a GAAP gross margin of 73.0% and a Non-GAAP gross margin of 73.5%[43] - GAAP operating expenses for Q4 FY2025 are projected to be 4.750billion,withNon−GAAPoperatingexpensesexpectedtobe4.750 billion, with Non-GAAP operating expenses expected to be 3.400 billion[43]