NVIDIA reports historical $130.5bn in revenue for FY2025, up 114% YoY

Overview

NVIDIA delivered a historic fiscal year 2025 performance, setting new records in revenue, profitability, and AI-driven growth. The company reported total revenue of $130.5bn, marking an impressive 114% year-over-year increase. This growth was fueled by the rapid expansion of its Data Center business, increasing demand for AI computing, and strategic partnerships with major technology firms.

CEO Jensen Huang highlighted NVIDIA’s leadership in AI computing: “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. We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter. 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.”

Q4 FY2025 vs. Q4 FY2024:

Revenue recorded a value of $39.3bn (+12% QoQ and +78% YoY), driven by robust demand across key business segments.
- Data Center revenue was a record of $35.6bn (+16% QoQ and +93% YoY), reflecting AI adoption at cloud scale.
- Gaming revenue totaled $2.5bn (-22% QoQ and -11% YoY), impacted by seasonal trends and inventory adjustments.
- Professional Visualization revenue was $511m (+5% QoQ and +10% YoY), with introducing NVIDIA Media2, an AI-powered initiative transforming content creation, streaming and live media experiences.
- Automotive and Robotics revenue increased to $570m (+27% QoQ and +103% YoY), being boosted by the conclusion of several important partnerships with companies such as Toyota or Hyundai Motor Group.
Net income soared to $22.1bn (+14% QoQ and +80% YoY), driven by higher revenue and operating efficiency.
Operating income increased to $24.0bn (+10% QoQ and +77% YoY), reflecting NVIDIA’s pricing power and cost discipline.
GAAP gross margin stood at 73.0% (vs. 76.0% in Q4 FY2024), a slight decline due to increased costs related to high-volume production.
Diluted EPS reached $0.89 (+14% QoQ and +82% YoY), above analysts’ expectations.

FY2025 performance:

Total revenue recorded a value more than double, at $130.5bn (+114% YoY), driven by explosive growth in AI computing and Data Center expansion.
- Data Center revenue accounted for $115.2bn (+142% YoY), with the company which will serve as a key technology partner for the $500bn Stargate Project.
- Gaming revenue rose to $11.4bn (+9% YoY), mainly driven by GeForce RTX 5090 and 5080 graphics cards, delivering up to a 2x performance improvement over the prior generation.
- Professional Visualization revenue and Automotive and Robotics revenue also recorded significant increases, reaching values of $1.9bn (+21% YoY) and $1.7bn (+55% YoY).
Net income also experienced fantastic growth, reaching a value of $72.9bn (+145% YoY), while operating income was on the same trend, reaching $81.5bn (+147% YoY), even though operating expenses also increased, but at a much lower pace, by only +45%.
Diluted EPS (GAAP) climbed to $2.94 (+147% YoY), while diluted EPS (Non-GAAP) recorded a value of $2.99 (+130% YoY).
Free cash flow reached $60.7bn (+125% YoY), ensuring strong liquidity for future investments and shareholder returns.

For the first quarter of fiscal 2026, NVIDIA expects to maintain strong momentum, with projected revenue of $43.0bn, plus or minus 2%, driven by sustained demand for AI solutions. The company anticipates gross margins of 70.6% (GAAP) and 71.0% (Non-GAAP), ensuring continued profitability. Operating expenses are forecasted at $5.2bn (GAAP) and $3.6bn (Non-GAAP), reflecting NVIDIA’s ongoing investments in research and development. Additionally, net income growth is expected to remain strong, supported by strategic AI investments and increasing enterprise adoption across Cloud, Automotive, and Robotics sectors.

The results surprised investors and analysts on Wall Street, with NVIDIA clearly beating the main estimates. In the after-hours trading section, the NVDA share price had a fluctuating evolution until the time of writing this article, initially increasing by approximately +3.5% immediately after the results were published, after which a slight decrease followed, to around $132 – $133. However, in the last week, the shares are trading at a price that is decreasing by approximately -6% after global political uncertainties, but in the last year, the expansion is evident, of +66%.