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AI Earnings Analysis
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $147.81B | $91.17B | +62.13% |
Cost of Revenue | $45.44B | $22.03B | +106.26% |
Gross Profit | $102.37B | $69.14B | +48.07% |
Operating Income | $86.09B | $57.42B | +49.93% |
Net Income | $77.11B | $50.79B | +51.82% |
EPS (Basic) | $3.16 | $2.07 | +52.66% |
EPS (Diluted) | $3.14 | $2.04 | +53.92% |
R&D Expense | $12.98B | $9.2B | +41.14% |
SG&A Expense | $3.3B | $2.52B | +31.04% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $161.15B | $96.01B | +67.84% |
Current Assets | $116.49B | $67.64B | +72.22% |
Total Liabilities | $42.25B | $30.11B | +40.30% |
Current Liabilities | $26.07B | $16.48B | +58.23% |
Stockholders' Equity | $118.9B | $65.9B | +80.42% |
Cash & Equivalents | $11.49B | $9.11B | +26.12% |
Long-Term Debt | $8.47B | $8.46B | +0.06% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $66.53B | $47.46B | +40.18% |
Investing Cash Flow | $-21.37B | $-13.22B | -61.59% |
Financing Cash Flow | $-42.27B | $-32.41B | -30.41% |
Dividends Paid | $732M | $589M | +24.28% |
Share Buybacks | $36.27B | $25.89B | +40.07% |
D&A | $2.03B | $1.32B | +53.75% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 69.3% | 75.8% | -6.58% |
Operating Margin | 58.2% | 63.0% | -4.74% |
Net Margin | 52.2% | — | — |
ROE | 64.9% | — | — |
ROA | 47.8% | — | — |
Current Ratio | $4.468 | — | — |
Debt to Equity | $0.355 | — | — |
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%.
Total revenue reached $147.8B for the period, up 62.1% YoY from $91.2B, reflecting sustained and accelerating 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 660 basis points YoY to 69.3% from 75.8%, as cost of revenue surged 106.3% YoY to $45.4B — outpacing revenue growth — likely reflecting higher costs associated with new Blackwell architecture ramp and supply chain investments.
Source: Source: 10-Q Income Statement & Key Ratios (XBRL Financial Data)
Operating income grew 49.9% YoY to $86.1B, with operating margin at 58.2%, even as R&D expenses increased 41.1% YoY to $13.0B, demonstrating NVIDIA's ability to scale profitably while continuing to invest heavily in next-generation chip development.
Source: Source: 10-Q Income Statement (XBRL Financial Data)
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Upgrade to unlockCost of revenue grew 106.3% YoY — more than double the rate of revenue growth — compressing gross margins by ~660 bps to 69.3%. If Blackwell or future architecture ramp costs remain elevated or supply chain inefficiencies persist, margins could face further pressure, directly impacting profitability.
Source: Source: 10-Q Income Statement & Key Ratios (XBRL Financial Data)
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Upgrade to unlockNVIDIA's revenue grew 62.1% year-over-year to $147.8B in fiscal year 2025, up from $91.2B in the prior year. This growth was primarily driven by surging demand for AI accelerators and data center products from major cloud providers and enterprises.
The key takeaways include revenue of $147.8B (+62.1% YoY), net income of $77.1B (+51.8% YoY), and diluted EPS of $3.14 (+53.9% YoY), all reflecting extraordinary AI-driven demand. However, gross margins compressed ~660 basis points to 69.3%, and cost of revenue more than doubled YoY, signaling elevated costs from new product ramp cycles.
Yes, NVIDIA's gross margin declined from 75.8% to 69.3% (a ~660 bps compression) and operating margin fell from 63.0% to 58.2% YoY, as cost of revenue surged 106.3% — more than double the pace of revenue growth. Despite this compression, NVIDIA's margins remain among the highest in the semiconductor industry.
NVIDIA repurchased $36.3B in shares during fiscal year 2025, a 40.1% increase from $25.9B in the prior year, and also paid $732M in dividends. These capital returns were funded by robust operating cash flow of $66.5B generated during the period.
NVIDIA's financial health is exceptionally strong: total assets grew 67.8% to $161.1B, stockholders' equity surged 80.4% to $118.9B, and the current ratio stands at 4.47, indicating ample liquidity. Long-term debt remained nearly flat at $8.5B with a conservative debt-to-equity ratio of 0.36, leaving 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 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.
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