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NVIDIA announced Q3 financial report: revenue reached 35.1 billion USD, net profit was 19.31 billion USD

2024-11-21 08:45:58
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ChainCatcher news, according to Jinshi reports, NVIDIA (NVDA.O) announced its third-quarter financial report for fiscal year 2025, with revenue reaching $35.1 billion, a year-on-year increase of 94%, exceeding market expectations of $33 billion; net profit was $19.31 billion, far exceeding the expected $16.93 billion. In addition, third-quarter gaming business revenue was $3.3 billion, and data center business revenue was $30.8 billion, a year-on-year increase of 112%.

NVIDIA expects fourth-quarter revenue to be $37.5 billion, slightly above market expectations, but some investors' expectations were not met, leading to a drop of 5% in after-hours trading following the earnings report. CEO Jensen Huang stated that artificial intelligence is driving global computing demand growth, and the production of Blackwell systems is accelerating comprehensively, with fourth-quarter deliveries expected to exceed expectations. The company expects gross margin to reach over 70% in 2025. Nevertheless, some analysts believe there is uncertainty in its revenue outlook, especially in the case where Blackwell demand exceeds supply.

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