Revenue scale
$ billions · available fiscal history
Revenue increased from $26.04B to $35.08B across the available period.
| Q1 FY25 | $26.04B |
|---|---|
| Q2 FY25 | $30.04B |
| Q3 FY25 | $35.08B |
NVDA
NVIDIA
NVDA·Q3 FY25·Updated Aug 13, 2026
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Next earnings: Nov 18, 2026
Market cap: $5.2T · Oct 19, 2026
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Quarter history
Quarter Read
↗ Momentum improvingVery strong quarter
NVIDIA reported a revenue of $35.08 billion, reflecting a year-over-year growth of 93.6%, while net income surged to $19.31 billion with growth of 108.9%. The gross margin improved by 0.6 percentage points, indicating margin efficiency.
Momentum
Revenue changed +93.6% year over year
Margin recovery
Gross margin changed +0.6pp
Quality and concentration
Net margin fell 0.2pp Q/Q; other income / expense increased by $156M Q/Q.
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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
Q3 FY25 · sequential and annual context through this quarter
Revenue
$35.08B
+93.6% Y/Y+16.8% Q/Q
Gross Profit
$26.16B
+95.2% Y/Y+15.9% Q/Q
74.6% margin · -0.6pp Q/Q
Operating Profit
$21.87B
+109.9% Y/Y+17.3% Q/Q
62.3% margin · +0.3pp Q/Q
Net Profit
$19.31B
+108.9% Y/Y+16.3% Q/Q
Other income / expense (current): −$35M
What changed
Revenue
+$5.04B
+16.8% Q/Q
Revenue rose 16.8% quarter over quarter from $30.04B to $35.08B.
Improved.Operating profit
+$3.23B
+17.3% Q/Q
Operating profit rose 17.3% quarter over quarter from $18.64B to $21.87B.
Improved.Operating margin
+0.3pp
+0.3pp Q/Q
Operating margin was broadly stable, increasing 0.29 percentage points quarter over quarter to 62.3%.
Stable.Net margin
-0.2pp
-0.2pp Q/Q
Net margin was broadly stable, declining 0.21 percentage points quarter over quarter to 55.0%.
Stable.
Show 4 more changes
Sequential changes · Q/Q
- ImprovedRevenue growth accelerated 1.4 percentage points quarter over quarter. Direction: Improved.
- StableOperating-expense ratio was broadly stable, declining 0.85 percentage points quarter over quarter to 12.2%. Direction: Stable.
- StableProfit conversion was broadly stable, declining 0.76 percentage points quarter over quarter to 88.3%. Direction: Stable.
- StableGross margin was broadly stable, declining 0.56 percentage points quarter over quarter to 74.6%. Direction: Stable.
3-quarter fundamental trends
Actual values from the available reports. Missing or non-comparable observations remain explicit.
RevenueGross marginOperating marginNet margin
Margin evolution
Percent of revenue · net margin includes non-operating items
Operating margin recovered from 62.1% to 62.3% within the displayed period.
| Q1 FY25 | 78.37941628264208% | 64.93855606758832% | 57.14285714285714% |
|---|---|---|---|
| Q2 FY25 | 75.13315579227697% | 62.050599201065246% | 55.25965379494008% |
| Q3 FY25 | 74.57240592930444% | 62.34321550741163% | 55.04561003420753% |
Data Center share of company revenue
Comparable top-level observations · taxonomy breaks remain explicit gaps
Data Center share changed from 86.6% to 87.7% across comparable periods.
Company memory
A durable view of how the earnings thesis evolved across 3 available reports.
Through Q3 FY25 · later-quarter evidence excluded.
Earnings profile
1 report across Q1 FY25. 1 evidence item were captured. Stored verdicts: Very strong quarter.
Momentum improving · Margins contracting
1 report across Q2 FY25. 9 evidence items were captured. Stored verdicts: Very strong quarter.
Momentum improving · Margins stable
1 report across Q3 FY25. 2 evidence items were captured. Stored verdicts: Very strong quarter.
Very strong quarterQ1 FY25
Very strong quarterQ2 FY25
Very strong quarterQ3 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.
Positive evidence: Operating leverage is working in the company's favor · Revenue grew 16.8% quarter over quarter
No material downside signals identified.
No new watch conditions triggered.
Source: SEC filing (Q3 FY25)
Metric evidence
Validated report metrics supporting this snapshot.
- Q3 FY25 · Operating leverage
- Q3 FY25 · Revenue growth momentum
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
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
3 published, validated reports used · Q1 FY25–Q3 FY25 · selected report analysed 2026-08-13
Point-in-time scope: through Q3 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.