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Revenue: $39.3 billion for Q4, up 12% sequentially and 78% year on year; fiscal 2025 revenue was $130.5 billion, up 114% from the prior year.
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Data Center Revenue: $35.6 billion for Q4, up 16% sequentially and 93% year on year; fiscal 2025 data center revenue was $115.2 billion, more than doubling from the prior year.
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Gaming Revenue: $2.5 billion for Q4, decreased 22% sequentially and 11% year on year; full-year revenue was $11.4 billion, up 9% year on year.
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Professional Visualization Revenue: $511 million for Q4, up 5% sequentially and 10% year on year; full-year revenue was $1.9 billion, up 21% year on year.
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Automotive Revenue: $570 million for Q4, up 27% sequentially and 103% year on year; full-year revenue was $1.7 billion, up 55% year on year.
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Gross Margins: GAAP gross margin was 73%, and non-GAAP gross margin was 73.5% for Q4.
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Operating Expenses: GAAP operating expenses up 9% sequentially; non-GAAP operating expenses up 11% sequentially.
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Shareholder Returns: $8.1 billion returned to shareholders in Q4 through share repurchases and cash dividends.
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Q1 Outlook: Expected revenue of $43 billion, plus or minus 2%; GAAP and non-GAAP gross margins expected to be 70.6% and 71%, respectively.
Release Date: February 26, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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NVIDIA Corp (NASDAQ:NVDA) reported a record revenue of $39.3 billion for Q4, up 12% sequentially and 78% year-on-year, surpassing their outlook.
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Data center revenue for fiscal 2025 was $115.2 billion, more than doubling from the prior year, driven by strong demand for Blackwell and Hopper 200 products.
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The Blackwell product ramp is the fastest in the company’s history, with $11 billion in revenue generated in Q4 alone.
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NVIDIA’s inference demand is accelerating, with Blackwell offering up to 25x higher token throughput and 20x lower cost compared to previous models.
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Enterprise revenue increased nearly 2x year-on-year, driven by demand for model fine-tuning and AI workflows.
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Networking revenue declined 3% sequentially, although it is expected to return to growth in Q1.
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Gaming revenue decreased 22% sequentially and 11% year-on-year, impacted by supply constraints.
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GAAP gross margins were down sequentially due to the initial deliveries of the Blackwell architecture.
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China’s data center sales remain well below previous levels due to export controls, with no expected change in the near future.
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The complexity and customization of Blackwell systems present challenges in manufacturing and gross margin improvements.
