Nvidia(US:NVDA) Ge Long Hui A P P·2025-11-20 00:40Core Viewpoint - Nvidia reported record revenue of $57.01 billion for Q3 2025, exceeding expectations and showing a year-over-year growth of approximately 62% [1][2] Financial Performance - Revenue reached $57.01 billion, surpassing the expected $55.19 billion and Nvidia's own guidance of $52.92 billion to $55.08 billion, marking a growth acceleration compared to the previous quarter's 56% year-over-year increase [1] - Non-GAAP adjusted EPS was $1.30, a 60% increase year-over-year, exceeding the expected $1.26 and representing the highest growth rate in the fiscal year [1] - Adjusted gross margin was 73.6%, down 1.4 percentage points year-over-year and below the expected 74.0%, with guidance set between 73% and 74% [1] - Adjusted operating expenses were $4.215 billion, a 38% increase year-over-year, slightly below the expected $4.22 billion [1] Future Guidance - For Q4, Nvidia expects revenue of $65 billion, with a range of $63.7 billion to $66.3 billion, compared to analyst median expectations of $61.98 billion [2] - Non-GAAP adjusted gross margin for Q4 is projected at 75.0%, with a range of 74.5% to 75.5%, while analyst median expectations are at 74.6% [2] - Adjusted operating expenses for Q4 are anticipated to be $5 billion, higher than the analyst expectation of $4.59 billion [2] Market Reaction - Following the earnings report, Nvidia's stock rose nearly 3% during regular trading and over 5% in after-hours trading, closing at $196.10 [1][4]