NVDA

NVIDIA

NVDA·Q2 FY25·Updated Aug 13, 2026

Premium10 quarters history

Next earnings: Nov 18, 2026

Market cap: $5.2T · Oct 19, 2026

Premium preview: NVIDIA’s complete report history is open to everyone as an example of the paid experience.

Quarter history

Select an available report

10 of 10 available

Quarter Read

High confidence

Very strong quarter

Revenue increased by 122.4% year-over-year, with gross profit margin improving by 5.1 percentage points. Compute segment dominated the revenue mix, contributing 86.0% of total revenue.

Momentum
Revenue changed +122.4% year over year
Margin recovery
Gross margin changed +5.1pp
Quality and concentration
Compute represented 86.0% of segment revenue

✓ 10 quarters available✓ Q/Q and Y/Y comparisons unlocked✓ Data validation passed✓ Public source linked

Selected-quarter income statement

Revenue -> Net Profit flowThe full Sankey remains the primary report view; Premium adds history around it rather than replacing it.

Quarter scoreboard

Q2 FY25 · sequential and annual context through this quarter

Revenue

$30.04B

+122.4% Y/Y+15.4% Q/Q

Gross Profit

$22.57B

+138.6% Y/Y+10.6% Q/Q

75.1% margin · -3.2pp Q/Q

Operating Profit

$18.64B

+174.1% Y/Y+10.2% Q/Q

62.1% margin · -2.9pp Q/Q

Net Profit

$16.60B

+168.3% Y/Y+11.6% Q/Q

Other income / expense (current): −$191M

What changed

Revenue
+$4.00B
+15.4% Q/Q
Revenue rose 15.4% quarter over quarter from $26.04B to $30.04B.
Improved.
Operating profit
+$1.73B
+10.2% Q/Q
Operating profit rose 10.2% quarter over quarter from $16.91B to $18.64B.
Improved.
Operating margin
-2.9pp
-2.9pp Q/Q
Operating margin contracted 2.9 percentage points quarter over quarter from 64.9% to 62.1%.
Weakened.
Net margin
-1.9pp
-1.9pp Q/Q
Net margin contracted 1.9 percentage points quarter over quarter from 57.1% to 55.3%.
Weakened.

Show 3 more changes

Sequential changes · Q/Q

WeakenedGross margin contracted 3.2 percentage points quarter over quarter from 78.4% to 75.1%. Direction: Weakened.
ImprovedProfit conversion rose 1.1 percentage points quarter over quarter from 88.0% to 89.1%.Unusual movement below operating profit — inspect the profit bridge. Direction: Improved.
StableOperating-expense ratio was broadly stable, declining 0.36 percentage points quarter over quarter to 13.1%. Direction: Stable.

Evidence: SEC filings — Q2 FY25 · Q1 FY25

Company memory

A durable view of how the earnings thesis evolved across 2 available reports.

Through Q2 FY25 · later-quarter evidence excluded.

2 reports

Q1 FY25

Earnings profile

1 report across Q1 FY25. 1 evidence item were captured. Stored verdicts: Very strong quarter.

Q2 FY25

Momentum improving · Margins contracting

1 report across Q2 FY25. 9 evidence items were captured. Stored verdicts: Very strong quarter.

Very strong quarterQ1 FY25

Very strong quarterQ2 FY25

Company Memory Timeline

A durable quarter-by-quarter record of the company's fundamental signals and prior analysis. Entries link to their source reports and evidence.

Q2 FY25Selected quarterVerdict: Very strong quarterMomentum improvingMargins contracting
Positive evidence: Operating leverage is working in the company's favor · Revenue grew 15.4% quarter over quarter · Profit conversion expanded 1.1 percentage points
Downside evidence: Gross margin contracted 3.2 percentage points · Operating margin contracted 2.9 percentage points · Net margin contracted 1.9 percentage points
Watch next: Watch whether gross margin improves from its latest reported level next quarter · Watch whether operating margin improves from its latest reported level next quarter · Watch whether net profit improves from its latest reported level next quarter
Source: SEC filing (Q2 FY25)
Metric evidence
Validated report metrics supporting this snapshot.
- Q2 FY25 · Operating leverage
- Q2 FY25 · Revenue growth momentum
- Q2 FY25 · Profit conversion
- Q2 FY25 · Net margin movement
Q1 FY25Verdict: Very strong quarterView report details
Positive evidence: $14.88B net profit in Q1 FY25
No material downside signals identified.
No new watch conditions triggered.
Source: SEC filing (Q1 FY25)
Metric evidence
Validated report metrics supporting this snapshot.
- Q1 FY25 · Profitability level

Sources and methodology

2 published, validated reports used · Q1 FY25–Q2 FY25 · selected report analysed 2026-08-13

Point-in-time scope: through Q2 FY25; later-quarter data is excluded. Q/Q values are derived from adjacent report metrics; any comparability caveat is shown with the relevant trend above.

Public source linked