Nvidia (NVDA.US) has released its quarterly earnings for fiscal Q4 2025. Both revenue and earnings per share (EPS) exceeded expectations; however, the market's initial reaction remains somewhat muted. The stock is up by less than 1% in after-hours trading, while the US100 index has moved from a neutral position to a 0.25% gain. However, final reaction on Wall Street is mixed, despite a solid earnings report. Also, hares of both Salesforce and eBay loses after quarterly earnings reports by 3% and 8% respectively.
Nvidia fiscal Q4 2025 earnings report
- Revenue: $39.3 billion vs. expected $38.1 billion (up 12% from Q3 and up 78% from a year ago); record full-year revenue at $130.5 billion, up 114% YoY
- Adjusted EPS: $0.89 vs. expected $0.84–$0.85; full year GAAP earnings per diluted share was $2.94, up 147% YoY
- Data Center Revenue: $35.6 billion vs. expected $34.09 billion (up 16% from Q3 and up 93% from a year ago)
- Gaming Revenue: $2.5 billion vs expected $3.02 billion (down 22% from the previous quarter and down 11% from a year ago; full-year revenue rose 9% to $11.4 billion)
- Professional Visualization revenue: $511 million (5% quarter-over-quarter growth, 10% year-over-year; full-year growth of 21% to $1.9 billion).
- Automotive segment revenue: $570 million (27% quarter-over-quarter growth, 103% year-over-year; full-year growth of 55% to $1.7 billion).
- Gross Margin: 73.5%, in line with forecasts
- For the current quarter, the company estimates gross margins in the range of 70.5% to 71.5%, compared to the expected 72.1%.
The company expects calendar Q1 2025 revenues at $43 billion (with 2% tolerance in each side) vs $42.3 estimated on Wall Street. This would constitute quarter-on-quarter growth of 9.4%, and 65.4% YoY. This would constitute a slowdown in the rate of growth compared to a year ago, though. In Q1 of the 2025 fiscal year (calendar Q1 2024), Nvidia reported quarterly growth of 18% and 262% YoY.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThe company announced that it has successfully launched large-scale production of Blackwell and is experiencing exceptionally strong demand for next-generation AI chips. It also declared a symbolic quarterly dividend of $0.01 per share (paid on April 2, 2025, to all shareholders of record on March 12, 2025). Also, Nvidia will serve as a key technology partner for the $500 billion Stargate Project.
Jensen Huang remarks
'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 agenetic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries.”
Source: Nvidia Earnings Report
Key business partnerships
- Cloud Providers – AWS, GCP, Azure, CoreWeave, and OCI are deploying NVIDIA GB200 systems to support AI workloads.
- AWS Marketplace – NVIDIA DGX Cloud and NIM are now available on AWS Marketplace.
- Cisco – NVIDIA Spectrum-X™ is being integrated into Cisco's networking infrastructure for AI.
- Supercomputers – 75% of the systems on the TOP500 list run on NVIDIA technologies.
- Verizon – AI integration with private 5G networks for enterprise applications.
- Biotechnology & Healthcare – Collaborations with IQVIA, Illumina, Mayo Clinic, and Arc Institute to advance genomics and drug discovery.
- Siemens Healthineers – Deployment of NVIDIA MONAI Deploy for medical imaging AI.
- Automotive – Toyota and Hyundai are integrating NVIDIA DRIVE AGX Orin and Omniverse into next-generation vehicles.
- NVIDIA Cosmos – Partnerships with 1X, Agile Robots, Waabi, and Uber in robotics and automotive AI.
Nvidia (D1 interval)
The company's stock is trading just a few percentage points above the 200-session exponential moving average (EMA200). A key support level is located at $125, reinforced by the 38.2% Fibonacci retracement of the winter 2024 upward impulse.
Source: xStation5
Looking on Nvidia valuation multiples, we can see that PE ratio at almost 50x level is significantly higher than Nasdaq 100 average at 35x.
Source: Bloomberg Finance L.P, XTB Research
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
