NVIDIA Corporation continues its unprecedented growth trajectory, announcing record-breaking fourth quarter results for fiscal year 2025 with revenue soaring to $39.3 billion, marking a 12% increase from the previous quarter and a staggering 78% jump year-over-year.
This performance caps off a remarkable fiscal year that saw the chipmaker’s annual revenue more than double to $130.5 billion, up 114% from fiscal 2024.
The Santa Clara-based technology giant’s stellar performance was primarily fueled by explosive growth in its Data Center segment, which generated record quarterly revenue of $35.6 billion—representing a 16% sequential increase and a 93% rise compared to the same period last year.
For the full fiscal year, Data Center revenue reached an astounding $115.2 billion, a 142% increase from the previous year.
Record-Breaking Performance
| Key Metric | Q4 FY25 | Year-over-Year Change |
|---|---|---|
| Total Revenue | $39.3 billion | Up 78% |
| Data Center Revenue | $35.6 billion | Up 93% |
| EPS (GAAP) | $0.89 | Up 82% |
“Demand for Blackwell is amazing as reasoning AI adds another scaling law—increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter,”
said Jensen Huang, founder and CEO of NVIDIA, in a statement accompanying the earnings release.
“We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter.”
Huang emphasized the rapid evolution of artificial intelligence technologies, noting that
“AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries.”
Financial Milestones
NVIDIA’s profitability metrics similarly reflected its exceptional performance. GAAP earnings per diluted share reached $0.89 for the fourth quarter, a 14% increase from the previous quarter and an 82% jump from the same period last year.
On a non-GAAP basis, earnings per diluted share were also $0.89, representing a 10% quarterly increase and a 71% year-over-year improvement.
For the full fiscal year 2025, GAAP earnings per diluted share were $2.94, up 147% from the previous year, while non-GAAP earnings per diluted share rose to $2.99, a 130% increase. It’s worth noting that all per share amounts reflect adjustments for NVIDIA’s ten-for-one stock split, which took effect on June 7, 2024.
Gross margins, while still impressive, showed slight compression compared to previous periods.
Fourth-quarter GAAP gross margin was 73.0%, down 1.6 percentage points from the third quarter and 3.0 points from a year ago.
Non-GAAP gross margin was 73.5%, a decrease of 1.5 points sequentially and 3.2 points year-over-year.
The company declared a quarterly cash dividend of $0.01 per share, payable on April 2, 2025, to shareholders of record as of March 12, 2025.
Forward Guidance and Growth Trajectory
Looking ahead to the first quarter of fiscal 2026, NVIDIA provided an optimistic outlook, projecting revenue of approximately $43.0 billion (plus or minus 2%), which would represent another significant sequential increase of about 9.4% from the fourth quarter’s record performance.
However, the company expects some continued pressure on margins, with GAAP and non-GAAP gross margins projected at 70.6% and 71.0% respectively, plus or minus 50 basis points—suggesting further contraction from fourth-quarter levels.
Operating expenses are expected to increase, with GAAP operating expenses projected at approximately $5.2 billion and non-GAAP operating expenses at $3.6 billion for the upcoming quarter. The company anticipates an effective tax rate of approximately 17.0% for both GAAP and non-GAAP calculations.
Fiscal Year 2025 Results
| Metric | FY25 Result | Year-over-Year Change |
|---|---|---|
| Annual Revenue | $130.5 billion | Up 114% |
| Annual EPS (GAAP) | $2.94 | Up 147% |
| Gross Margin (GAAP) | 75.0% | Up 2.3 pts |
Strategic Partnerships Expanding NVIDIA’s Reach
NVIDIA highlighted several significant strategic achievements and partnerships that underscored its dominant position in AI infrastructure and technologies:
The company announced its role as a key technology partner for the ambitious $500 billion Stargate Project, signaling its involvement in groundbreaking large-scale infrastructure initiatives.
Major cloud service providers including AWS, CoreWeave, Google Cloud Platform, Microsoft Azure, and Oracle Cloud Infrastructure are deploying NVIDIA’s GB200 systems globally to meet surging demand for AI computing resources.
NVIDIA expanded its partnership with AWS to make the NVIDIA DGX Cloud AI computing platform and NVIDIA NIM microservices available through AWS Marketplace, enhancing accessibility to its AI technologies.
A collaboration with Cisco will integrate NVIDIA Spectrum-X into Cisco’s networking portfolio, helping enterprises build robust AI infrastructure. This partnership highlights NVIDIA’s expanding influence beyond chips into broader AI ecosystem components.
The company’s technologies now power more than 75% of the systems on the TOP500 list of the world’s most powerful supercomputers, demonstrating its dominance in high-performance computing.
Advances in Healthcare and Research
In the healthcare sector, NVIDIA announced partnerships with industry leaders including IQVIA, Illumina, Mayo Clinic, and Arc Institute to advance genomics, drug discovery, and healthcare applications of AI.
The company unveiled NVIDIA AI Blueprints and Llama Nemotron model families for building AI agents and released NVIDIA NIM microservices to safeguard applications for agentic AI, expanding its offerings in the rapidly evolving AI software ecosystem.
NVIDIA also announced the opening of its first R&D center in Vietnam, continuing its global expansion strategy, and revealed that Siemens Healthineers has adopted MONAI Deploy for medical imaging AI, further cementing its position in healthcare technology.
Mixed Segment Performance
While the Data Center segment continues to be NVIDIA’s primary growth engine, performance across other business segments was mixed:
The Gaming segment reported fourth-quarter revenue of $2.5 billion, down 22% from the previous quarter and 11% year-over-year. Despite this quarterly decline, full-year Gaming revenue increased by 9% to $11.4 billion.
The company launched new GeForce RTX 50 Series graphics cards and laptops powered by the NVIDIA Blackwell architecture during the quarter.
Professional Visualization generated $511 million in fourth-quarter revenue, up 5% sequentially and 10% year-over-year. Full-year revenue for this segment increased by 21% to $1.9 billion.
The Automotive segment showed strong momentum with fourth-quarter revenue of $570 million, representing a 27% increase from the previous quarter and a remarkable 103% jump from a year ago.
For the full fiscal year, Automotive revenue rose 55% to $1.7 billion, highlighting NVIDIA’s growing footprint in the automotive industry.
Automotive and Robotics Breakthroughs
NVIDIA’s exceptional performance reflects the ongoing explosion in demand for AI computing resources across industries.
The company’s Blackwell platform appears to be experiencing tremendous market traction, with Huang noting “billions of dollars in sales in its first quarter” of availability.
The company’s expanded partnerships with major automakers like Toyota and Hyundai Motor Group underscore NVIDIA’s strategic push into automotive AI applications.
Toyota, the world’s largest automaker, will build its next-generation vehicles on NVIDIA DRIVE AGX Orin running the safety-certified NVIDIA DriveOS operating system.
Additionally, NVIDIA’s launch of platforms like Cosmos for physical AI development and Project DIGITS for AI researchers demonstrates the company’s commitment to expanding its technological leadership beyond traditional computing into emerging AI domains.
Future Prospects
As NVIDIA continues to set new performance records and expand its technological ecosystem, the company’s guidance suggests confidence in sustained growth momentum into fiscal 2026.
With projected first-quarter revenue of $43 billion representing a 9.4% sequential increase from an already record-breaking fourth quarter, NVIDIA appears poised to maintain its dominant position in the AI infrastructure landscape for the foreseeable future.
The company is clearly benefiting from the AI computing arms race across industries, with its Blackwell architecture seeing rapid adoption.
As reasoning AI, agentic AI, and physical AI continue to evolve, NVIDIA’s comprehensive product portfolio positions it well to capitalize on the next wave of AI innovation across cloud computing, automotive, robotics, healthcare, and other major industries.
Sources: NVIDIA.
