NVIDIA Announces Financial Results for Third Quarter Fiscal 2025

• File quarterly income of $35.1 billion, up 17% from Q2 and up 94% from a 12 months in the past
• File quarterly Knowledge Heart income of $30.8 billion, up 17% from Q2 and up 112% from a 12 months in the past

SANTA CLARA, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) immediately reported income for the third quarter ended October 27, 2024, of $35.1 billion, up 17% from the earlier quarter and up 94% from a 12 months in the past.

For the quarter, GAAP earnings per diluted share was $0.78, up 16% from the earlier quarter and up 111% from a 12 months in the past. Non-GAAP earnings per diluted share was $0.81, up 19% from the earlier quarter and up 103% from a 12 months in the past.

“The age of AI is in full steam, propelling a worldwide shift to NVIDIA computing,” stated Jensen Huang, founder and CEO of NVIDIA. “Demand for Hopper and anticipation for Blackwell — in full manufacturing — are unimaginable as basis mannequin makers scale pretraining, post-training and inference.

“AI is remodeling each business, firm and nation. Enterprises are adopting agentic AI to revolutionize workflows. Industrial robotics investments are surging with breakthroughs in bodily AI. And nations have woke up to the significance of creating their nationwide AI and infrastructure,” he stated.

NVIDIA pays its subsequent quarterly money dividend of $0.01 per share on December 27, 2024, to all shareholders of document on December 5, 2024.

Q3 Fiscal 2025 Abstract

*All per share quantities introduced herein have been retroactively adjusted to replicate the ten-for-one inventory cut up, which was efficient June 7, 2024.

Outlook
NVIDIA’s outlook for the fourth quarter of fiscal 2025 is as follows:

• Income is anticipated to be $37.5 billion, plus or minus 2%.
• GAAP and non-GAAP gross margins are anticipated to be 73.0% and 73.5%, respectively, plus or minus 50 foundation factors.
• GAAP and non-GAAP working bills are anticipated to be roughly $4.8 billion and $3.4 billion, respectively.
• GAAP and non-GAAP different earnings and expense are anticipated to be an earnings of roughly $400 million, excluding positive aspects and losses from non-affiliated investments and publicly-held fairness securities.
• GAAP and non-GAAP tax charges are anticipated to be 16.5%, plus or minus 1%, excluding any discrete gadgets.

Highlights

NVIDIA achieved progress since its earlier earnings announcement in these areas: 

Knowledge Heart

• Third-quarter income was a document $30.8 billion, up 17% from the earlier quarter and up 112% from a 12 months in the past.
• Introduced the supply of NVIDIA Hopper H200-powered cases in a number of cloud companies, together with AWS, CoreWeave and Microsoft Azure, with Google Cloud and Oracle Cloud Infrastructure coming quickly.
• Launched Denmark’s largest sovereign AI supercomputer, an NVIDIA® DGX SuperPOD™ pushed by 1,528 NVIDIA H100 Tensor Core GPUs and interconnected utilizing NVIDIA Quantum-2 InfiniBand networking.
• Launched the NVIDIA AI Aerial platform for telecommunications suppliers and commenced working with T-Cellular, Ericsson and Nokia to speed up the commercialization of AI-RAN.
• Introduced that SoftBank Corp. is constructing Japan’s strongest AI supercomputer with the NVIDIA Blackwell platform and has efficiently piloted the world’s first mixed AI and 5G telecom community utilizing NVIDIA AI Aerial.
• Revealed that cloud leaders in India, Japan and Indonesia are constructing AI infrastructure with NVIDIA accelerated computing, whereas consulting leaders are serving to pace AI adoption throughout industries with NVIDIA AI Enterprise software program.
• Accelerated xAI’s Colossus supercomputer cluster, utilizing 100,000 NVIDIA Hopper GPUs, with the NVIDIA Spectrum-X™ Ethernet networking platform.
• Unveiled a partnership with Foxconn to construct Taiwan’s quickest AI supercomputer with NVIDIA Blackwell.
• Introduced that Blackwell debuted on MLPerf Coaching, accomplished all assessments and delivered as much as 2.2x efficiency positive aspects on massive language mannequin benchmarks.
• Contributed foundational parts of the NVIDIA Blackwell design to the Open Compute Challenge and broadened NVIDIA Spectrum-X help for OCP requirements.
• Revealed that U.S. expertise corporations together with Accenture, Deloitte and Google Cloud are tapping NVIDIA AI software program to create customized AI functions, remodeling industries worldwide.
• Introduced the growth of a partnership with Lenovo to launch new hybrid AI options and programs optimized to run NVIDIA AI Enterprise software program.

Gaming and AI PC

• Third-quarter Gaming income was $3.3 billion, up 14% from the earlier quarter and up 15% from a 12 months in the past. 
• Celebrated the 25^th anniversary of GeForce® 256, the world’s first GPU, which marked a breakthrough for gaming and laid the muse for an AI-driven future.
• Demonstrated NVIDIA ACE and digital human applied sciences in Mecha BREAK, that includes the Minitron 4B mannequin for higher in-game character responses, at Gamescom.
• Launched 20 GeForce RTX and DLSS titles, together with Indiana Jones and the Nice Circle and Dragon Age: The Veilguard.
• Started transport new RTX AI PCs with 321 AI trillion operations per second of efficiency from ASUS and MSI, with Microsoft Copilot+ capabilities anticipated subsequent quarter.

Skilled Visualization

• Third-quarter income was $486 million, up 7% from the earlier quarter and up 17% from a 12 months in the past.
• Introduced that Foxconn is utilizing digital twins and industrial AI constructed on NVIDIA Omniverse™ to carry on-line sooner three factories used to fabricate NVIDIA GB200 Grace Blackwell Superchips.
• Revealed that main industrial producers in India, together with Reliance and Ola Motors, and Japan, together with Toyota, Yaskawa, and Seven and I Holdings, are utilizing NVIDIA AI and Omniverse to automate workflows and drive extra environment friendly operations.
• Unveiled NVIDIA Holoscan for Media, an AI-enabled, software-defined platform that enables reside media and video pipelines to run on the identical infrastructure as AI, enhancing manufacturing supply.

Automotive and Robotics

• Third-quarter Automotive income was $449 million, up 30% from the earlier quarter and up 72% from a 12 months in the past.
• Revealed that Volvo is releasing a brand new electrical SUV constructed on NVIDIA accelerated computing.
• Launched Challenge GR00T AI and simulation instruments for robotic studying and humanoid growth, and new generative AI instruments and notion workflows for robotics builders.
• Introduced that Japanese and Indian corporations together with Toyota and Ola Motors are utilizing NVIDIA Isaac™ and Omniverse to construct the following wave of bodily AI.

CFO Commentary
Commentary on the quarter by Colette Kress, NVIDIA’s government vice chairman and chief monetary officer, is offered at https://investor.nvidia.com.

Convention Name and Webcast Data
NVIDIA will conduct a convention name with analysts and traders to debate its third quarter fiscal 2025 monetary outcomes and present monetary prospects immediately at 2 p.m. Pacific time (5 p.m. Japanese time). A reside webcast (listen-only mode) of the convention name can be accessible at NVIDIA’s investor relations web site, https://investor.nvidia.com. The webcast can be recorded and accessible for replay till NVIDIA’s convention name to debate its monetary outcomes for its fourth quarter and monetary 2025.

Non-GAAP Measures
To complement NVIDIA’s condensed consolidated monetary statements introduced in accordance with GAAP, the corporate makes use of non-GAAP measures of sure parts of economic efficiency. These non-GAAP measures embody non-GAAP gross revenue, non-GAAP gross margin, non-GAAP working bills, non-GAAP working earnings, non-GAAP different earnings (expense), internet, non-GAAP internet earnings, non-GAAP internet earnings, or earnings, per diluted share, and free money circulation. For NVIDIA’s traders to be higher in a position to evaluate its present outcomes with these of earlier durations, the corporate has proven a reconciliation of GAAP to non-GAAP monetary measures. These reconciliations alter the associated GAAP monetary measures to exclude stock-based compensation expense, acquisition-related and different prices, different, positive aspects and losses from non-affiliated investments and publicly-held fairness securities, internet, curiosity expense associated to amortization of debt low cost, and the related tax impression of this stuff the place relevant. Free money circulation is calculated as GAAP internet money offered by working actions much less each purchases associated to property and tools and intangible belongings and principal funds on property and tools and intangible belongings. NVIDIA believes the presentation of its non-GAAP monetary measures enhances the person’s general understanding of the corporate’s historic monetary efficiency. The presentation of the corporate’s non-GAAP monetary measures shouldn’t be meant to be thought-about in isolation or as an alternative choice to the corporate’s monetary outcomes ready in accordance with GAAP, and the corporate’s non-GAAP measures could also be completely different from non-GAAP measures utilized by different corporations.