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AI Earnings Analysis
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $90.81B | $56.08B | +61.91% |
Cost of Revenue | $30.28B | $13.11B | +131.09% |
Gross Profit | $60.52B | $42.98B | +40.82% |
Operating Income | $50.08B | $35.55B | +40.86% |
Net Income | $45.2B | $31.48B | +43.57% |
EPS (Basic) | $1.85 | $1.28 | +44.53% |
EPS (Diluted) | $1.84 | $1.27 | +44.88% |
R&D Expense | $8.28B | $5.81B | +42.51% |
SG&A Expense | $2.16B | $1.62B | +33.68% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $140.74B | $85.23B | +65.14% |
Current Assets | $102.22B | $59.63B | +71.41% |
Total Liabilities | $40.61B | $27.07B | +50.01% |
Current Liabilities | $24.26B | $13.97B | +73.65% |
Stockholders' Equity | $100.13B | $58.16B | +72.17% |
Cash & Equivalents | $11.64B | $8.56B | +35.92% |
Long-Term Debt | $8.47B | $8.46B | +0.06% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $42.78B | $29.83B | +43.39% |
Investing Cash Flow | $-12.34B | $-8.88B | -39.04% |
Financing Cash Flow | $-27.39B | $-19.66B | -39.26% |
Dividends Paid | $488M | $344M | +41.86% |
Share Buybacks | $23.82B | $14.9B | +59.85% |
D&A | $1.28B | $843M | +51.84% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 66.6% | 76.6% | -9.98% |
Operating Margin | 55.1% | 63.4% | -8.24% |
Net Margin | 49.8% | — | — |
ROE | 45.1% | — | — |
ROA | 32.1% | — | — |
Current Ratio | $4.214 | — | — |
Debt to Equity | $0.406 | — | — |
NVIDIA delivered exceptional fiscal Q3 2025 results with revenue surging 61.9% YoY to $90.8B, driven by explosive AI/data center demand, while net income rose 43.6% to $45.2B despite a notable compression in gross margins.
Total revenue reached $90.8B for the nine-month period ended October 2025, up 61.9% YoY from $56.1B, reflecting surging demand for NVIDIA's AI accelerators and data center products across hyperscalers and enterprise customers.
Source: Source: 10-Q Income Statement (XBRL Financial Data)
Gross margin declined approximately 10 percentage points YoY to 66.6% from 76.6%, likely reflecting a shift in product mix toward newer, higher-cost Blackwell architecture chips and ramp-up costs associated with new product introductions.
Source: Source: 10-Q Income Statement & Key Ratios (XBRL Financial Data)
R&D expenses increased 42.5% YoY to $8.28B, underscoring NVIDIA's continued heavy investment in next-generation GPU architectures and AI software platforms to maintain its competitive moat.
Source: Source: 10-Q Income Statement (XBRL Financial Data)
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Upgrade to unlockGross margin contracted sharply by ~10 percentage points YoY to 66.6%, likely due to elevated costs associated with ramping Blackwell GPU production. If yield issues or supply chain inefficiencies persist, margins could remain under pressure in coming quarters.
Source: Source: 10-Q Key Ratios (XBRL Financial Data)
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Upgrade to unlockNVIDIA's revenue for the nine months ended fiscal Q3 2025 grew 61.9% year-over-year to $90.8B, up from $56.1B in the prior year period. This growth was primarily fueled by surging demand for AI accelerators and data center GPUs from hyperscalers and enterprise customers worldwide.
The key takeaways are: revenue surged 61.9% to $90.8B, net income rose 43.6% to $45.2B, and diluted EPS grew 44.9% to $1.84. However, gross margin compressed by ~10 percentage points YoY to 66.6%, likely due to new Blackwell GPU ramp-up costs, which is a key metric for investors to watch.
Yes, NVIDIA's gross margin declined approximately 10 percentage points YoY to 66.6% from 76.6%, and operating margin fell ~8.2 points to 55.1%. This compression is attributed to the significant 131.1% YoY surge in cost of revenue, likely reflecting new product ramp costs, though absolute profit levels remain very high.
NVIDIA returned approximately $24.3B to shareholders in the nine-month period, including $23.8B in share buybacks (up 59.9% YoY) and $488M in dividends. This was funded by strong operating cash flow of $42.8B, which grew 43.4% YoY.
NVIDIA's financial health is exceptionally strong: it holds $11.6B in cash, has a current ratio of 4.21, and carries only $8.47B in long-term debt against $100.1B in stockholders' equity (debt-to-equity of 0.41). With nearly $42.8B in operating cash flow and a net margin of ~50%, the company has significant financial flexibility.
NVDA delivered exceptional fiscal Q1 2026 results with revenue surging 62.1% YoY to $147.8B, driven by explosive AI infrastructure demand, though gross margins compressed 660 bps to 69.3% as costs scaled faster than revenue.
NVIDIA's 2026 fiscal year showcased a robust 65.5% increase in revenue, driven by strong market demand, despite a slight decline in gross and operating margins.
NVIDIA delivered exceptional fiscal year 2025 results with revenue surging 62.1% YoY to $147.8B and net income jumping 51.8% to $77.1B, driven by explosive AI-related data center demand, though gross margins compressed ~660 basis points to 69.3%.
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