NVIDIA Corporation (NVDA) Q3 2025 Financial Results Summary
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NVIDIA (NVDA) Q3 2026 Financial Results Summary
On November 19, 2025, NVIDIA (NASDAQ: NVDA) reported its financial results for the third quarter ended October 26, 2025. The company achieved record revenue and significant growth in key segments. Below is a summary of the results:
Financial Highlights:
- Total Revenue:
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$57.0 billion, an increase of 22% from Q2 2026 and 62% from Q3 2025.
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Data Center Revenue:
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$51.2 billion, up 25% from Q2 2026 and 66% from Q3 2025.
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Gross Margins:
- GAAP: 73.4%, an increase of 1.0 pts quarter-over-quarter, down 1.2 pts year-over-year.
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Non-GAAP: 73.6%, an increase of 0.9 pts quarter-over-quarter, down 1.4 pts year-over-year.
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Earnings per Share (EPS):
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Diluted EPS: $1.30, up 20% from Q2 2026 and 67% from Q3 2025.
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Net Income:
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GAAP: $31.9 billion, an increase of 21% from Q2 2026, and 65% from Q3 2025.
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Operating Income:
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$36.0 billion, up 27% from Q2 2026 and 65% from Q3 2025.
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Operating Expenses:
- GAAP: $5.8 billion, up 8% from Q2 2026 and 36% from Q3 2025.
- Non-GAAP: $4.2 billion, up 11% from Q2 2026 and 38% from Q3 2025.
Shareholder Returns:
- NVIDIA returned $37.0 billion to shareholders through share repurchases and cash dividends during the first nine months of fiscal 2026.
- The company also announced a quarterly cash dividend of $0.01 per share, scheduled to be paid on December 26, 2025, to shareholders of record on December 4, 2025.
- As of the end of Q3, there is $62.2 billion remaining under the share repurchase authorization.
Operational Insights:
- NVIDIA observed accelerated demand for AI compute particularly in training and inference, with CEO Jensen Huang highlighting the explosive growth in AI ecosystem activities including foundation models and startups.
Segment Performance:
- Data Center:
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Revenue reached a record $51.2 billion, increasing due to initiatives with partners like OpenAI and collaborations with other tech giants for AI infrastructure.
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Gaming:
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Revenue was $4.3 billion, down 1% from Q2 2026 but up 30% year-over-year.
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Professional Visualization:
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Revenue increased to $760 million, a 26% increase from Q2 and up 56% from Q3 2025.
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Automotive and Robotics:
- Revenue reached $592 million, up 1% from Q2 2026 and 32% from Q3 2025.
Guidance for Q4 FY2026:
- Expected revenue: $65.0 billion, plus or minus 2%.
- GAAP gross margin projected to be 74.8% and non-GAAP gross margin at 75.0%, both with a margin of ±50 basis points.
- Operating expenses anticipated to be around $6.7 billion (GAAP) and $5.0 billion (non-GAAP).
Conclusion:
NVIDIA’s Q3 2026 results highlight continued robust revenue growth driven by advancements in AI infrastructure and a strategic approach in partnerships. The company remains committed to returning value to shareholders while investing in innovative technology designed to shape the future across various sectors. The upcoming quarter appears promising with significant revenue expectations set.
Here are the extracted tables in HTML format:
NVIDIA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| October 26, 2025 | October 27, 2024 | October 26, 2025 | October 27, 2024 | |
| Revenue | $57,006 | $35,082 | $147,811 | $91,166 |
| Cost of revenue | 15,157 | 8,926 | 45,441 | 22,031 |
| Gross profit | 41,849 | 26,156 | 102,370 | 69,135 |
| Operating expenses | ||||
| Research and development | 4,705 | 3,390 | 12,985 | 9,200 |
| Sales, general and administrative | 1,134 | 897 | 3,297 | 2,516 |
| Total operating expenses | 5,839 | 4,287 | 16,282 | 11,716 |
| Operating income | 36,010 | 21,869 | 86,088 | 57,419 |
| Interest income | 624 | 472 | 1,732 | 1,275 |
| Interest expense | -61 | -61 | -186 | -186 |
| Other income, net | 1,363 | 36 | 3,418 | 301 |
| Total other income, net | 1,926 | 447 | 4,964 | 1,390 |
| Income before income tax | 37,936 | 22,316 | 91,052 | 58,809 |
| Income tax expense | 6,026 | 3,007 | 13,945 | 8,020 |
| Net income | $31,910 | $19,309 | $77,107 | $50,789 |
| Net income per share: | ||||
| Basic | $1.31 | $0.79 | $3.16 | $2.07 |
| Diluted | $1.30 | $0.78 | $3.14 | $2.04 |
| Weighted average shares used | ||||
| in per | ||||
| share computation: | ||||
| Basic | 24,327 | 24,533 | 24,378 | 24,577 |
| Diluted | 24,483 | 24,774 | 24,542 | 24,837 |
NVIDIA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
| ASSETS | October 26, 2025 | January 26, 2025 |
|---|---|---|
| Current assets: | ||
| Cash, cash equivalents and marketable securities | $60,608 | $43,210 |
| Accounts receivable, net | 33,391 | 23,065 |
| Inventories | 19,784 | 10,080 |
| Prepaid expenses and other current assets | 2,709 | 3,771 |
| Total current assets | 116,492 | 80,126 |
| Property and equipment, net | 9,780 | 6,283 |
| Operating lease assets | 2,281 | 1,793 |
| Goodwill | 6,261 | 5,188 |
| Intangible assets, net | 936 | 807 |
| Deferred income tax assets | 13,674 | 10,979 |
| Other assets | 11,724 | 6,425 |
| Total assets | $161,148 | $111,601 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $8,624 | $6,310 |
| Accrued and other current liabilities | 16,452 | 11,737 |
| Short-term debt | 999 | — |
| Total current liabilities | 26,075 | 18,047 |
| Long-term debt | 7,468 | 8,463 |
| Long-term operating lease liabilities | 2,014 | 1,519 |
| Other long-term liabilities | 6,694 | 4,245 |
| Total liabilities | 42,251 | 32,274 |
| Shareholders’ equity | 118,897 | 79,327 |
| Total liabilities and shareholders’ equity | $161,148 | $111,601 |