NASDAQ$NVDA
NVIDIA Corporation · Q3 2025 earnings
Q3 2025 earnings · · Investor relations
Briefing
NVIDIA Reports Record Quarterly Revenue and Strong Growth in Data Center Segment
NVIDIA reported record quarterly revenue of $35.1 billion, driven by exceptional growth in its Data Center segment. The company's earnings per share also saw significant increases, reflecting strong demand for its AI-related products and services.
- Record quarterly revenue of $35.1 billion, up 94% year-over-year.
- Record Data Center revenue of $30.8 billion, up 112% year-over-year.
- GAAP earnings per diluted share of $0.78, up 111% year-over-year.
- Non-GAAP earnings per diluted share of $0.81, up 103% year-over-year.
Headline financials
Revenue & EPS history
NVIDIA · Revenue · Quarterly
$35.1B
Revenue by segment
NVIDIA · $82.3B total across 2 segments · Q1 2027
- Data Center$75.2B—91.4%
- Graphics$7.07B—8.6%
Forward guidance
NVIDIA expects revenue of $37.5 billion, plus or minus 2%, for the fourth quarter of fiscal 2025.
Tailwinds
- Revenue expected to be $37.5 billion, plus or minus 2%.
- GAAP gross margins expected to be 73.0%, plus or minus 50 basis points.
- Non-GAAP gross margins expected to be 73.5%, plus or minus 50 basis points.
- Other income and expense expected to be an income of approximately $400 million.
- GAAP and non-GAAP tax rates expected to be 16.5%, plus or minus 1%.
Headwinds
- GAAP operating expenses expected to be approximately $4.8 billion.
- Non-GAAP operating expenses expected to be approximately $3.4 billion.
- Potential fluctuations in global economic conditions.
- Reliance on third parties for manufacturing.
- Risks associated with technological development and competition.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2025
+1.9%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+4.0%
Avg return
30 days after
55%
39 / 71 earnings
Positive
+25.7%
Q3 2017
Best reaction
-16.6%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -1.0% | — | — | |
| Q4 2026 | -1.7% | -7.9% | -14.3% | |
| Q3 2026 | -7.6% | -4.7% | -3.0% | |
| Q2 2026 | +1.7% | -6.0% | -1.9% | |
| Q1 2026 | +3.0% | +4.8% | +17.0% | |
| Q4 2025 | -8.5% | -11.6% | -16.5% | |
| Q3 2025 | -0.2% | -7.5% | -8.4% | |
| Q2 2025 | -8.3% | -7.0% | -5.4% | |
| Q1 2025 | -0.5% | +11.6% | +32.7% | |
| Q4 2024 | +13.1% | +13.9% | +35.8% | |
| Q3 2024 | -3.4% | -5.2% | -2.8% | |
| Q2 2024 | +3.3% | +2.6% | -8.9% | |
| Q1 2024 | +23.8% | +26.9% | +37.5% | |
| Q4 2023 | +14.5% | +13.8% | +29.6% | |
| Q3 2023 | -5.9% | -8.1% | -0.6% | |
| Q2 2023 | +4.2% | -8.0% | -27.2% | |
| Q1 2023 | +10.5% | +16.4% | +6.0% | |
| Q4 2022 | -7.5% | -10.8% | -0.2% | |
| Q3 2022 | +4.9% | +5.8% | -8.0% | |
| Q2 2022 | +1.7% | +12.8% | +12.6% | |
| Q1 2022 | -1.0% | +3.8% | +21.6% | |
| Q4 2021 | -5.9% | -2.1% | -9.2% | |
| Q3 2021 | +0.1% | -2.1% | -1.1% | |
| Q2 2021 | -1.0% | +3.7% | -0.6% | |
| Q1 2021 | +0.7% | -2.8% | +3.2% | |
| Q4 2020 | +6.3% | +8.8% | -11.6% | |
| Q3 2020 | -2.1% | -0.3% | +7.4% | |
| Q2 2020 | +6.4% | +11.9% | +21.2% | |
| Q1 2020 | -2.0% | -2.8% | -9.4% | |
| Q4 2019 | +2.9% | +2.5% | +11.1% | |
| Q3 2019 | -16.6% | -24.4% | -25.7% | |
| Q2 2019 | -5.6% | -2.2% | +6.7% | |
| Q1 2019 | -0.5% | -4.0% | +2.5% | |
| Q4 2018 | +1.4% | +1.7% | +7.2% | |
| Q3 2018 | +3.3% | +2.4% | -8.4% | |
| Q2 2018 | -9.3% | -3.0% | -4.9% | |
| Q1 2018 | +17.9% | +24.4% | +55.6% | |
| Q4 2017 | -4.4% | -8.3% | -16.4% | |
| Q3 2017 | +25.7% | +23.2% | +31.2% | |
| Q2 2017 | +8.2% | +7.0% | +1.7% | |
| Q1 2017 | +13.1% | — | — | |
| Q4 2016 | +11.3% | — | — | |
| Q3 2016 | +12.6% | — | — | |
| Q2 2016 | +11.7% | — | — | |
| Q1 2016 | -5.8% | — | — | |
| Q4 2015 | +6.4% | — | — | |
| Q3 2015 | -1.7% | — | — | |
| Q2 2015 | +7.7% | — | — | |
| Q1 2015 | -1.9% | — | — | |
| Q4 2014 | +6.8% | — | — | |
| Q3 2014 | +4.4% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q1 2014 | +4.6% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | -3.3% | — | — | |
| Q2 2013 | +2.7% | — | — | |
| Q1 2013 | +5.7% | — | — | |
| Q4 2012 | +1.3% | — | — | |
| Q3 2012 | +4.6% | — | — | |
| Q2 2012 | +4.4% | — | — | |
| Q1 2012 | -8.1% | — | — | |
| Q4 2011 | +1.1% | — | — | |
| Q3 2011 | +4.1% | — | — | |
| Q2 2011 | -7.9% | — | — | |
| Q1 2010 | -0.8% | — | — | |
| Q1 2011 | -1.1% | — | — | |
| Q4 2008 | -4.7% | — | — | |
| Q3 2009 | -4.6% | — | — | |
| Q3 2010 | -4.6% | — | — | |
| Q2 2010 | +5.7% | — | — | |
| Q2 2009 | +5.7% | — | — |
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