- Record quarterly revenue of $35.1 billion, up 17% from Q2 and up 94% from a year ago
- Record quarterly Data Center revenue of $30.8 billion, up 17% from Q2 and up 112% from a year ago
SANTA CLARA, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ: NVDA) today reported revenue for the third quarter ended October 27, 2024, of $35.1 billion, up 17% from the previous quarter and up 94% from a year ago.
For the quarter, GAAP earnings per diluted share was $0.78, up 16% from the previous quarter and up 111% from a year ago. Non-GAAP earnings per diluted share was $0.81, up 19% from the previous quarter and up 103% from a year ago.
“The age of AI is in full steam, propelling a global shift to NVIDIA computing,” said Jensen Huang, founder and CEO of NVIDIA. “Demand for Hopper and anticipation for Blackwell — in full production — are incredible as foundation model makers scale pretraining, post-training and inference.
“AI is transforming every industry, company and country. Enterprises are adopting agentic AI to revolutionize workflows. Industrial robotics investments are surging with breakthroughs in physical AI. And countries have awakened to the importance of developing their national AI and infrastructure,” he said.
NVIDIA will pay its next quarterly cash dividend of $0.01 per share on December 27, 2024, to all shareholders of record on December 5, 2024.
Q3 Fiscal 2025 Summary
| GAAP | |||||||||||
| ($ in millions, except earnings
per share) | Q3 FY25 | Q2 FY25 | Q3 FY24 | Q/Q | Y/Y | ||||||
| Revenue | $ | 35,082 | $ | 30,040 | $ | 18,120 | Up 17% | Up 94% | |||
| Gross margin | 74.6 | % | 75.1 | % | 74.0 | % | Down 0.5 pts | Up 0.6 pts | |||
| Operating expenses | $ | 4,287 | $ | 3,932 | $ | 2,983 | Up 9% | Up 44% | |||
| Operating income | $ | 21,869 | $ | 18,642 | $ | 10,417 | Up 17% | Up 110% | |||
| Net income | $ | 19,309 | $ | 16,599 | $ | 9,243 | Up 16% | Up 109% | |||
| Diluted earnings per share* | $ | 0.78 | $ | 0.67 | $ | 0.37 | Up 16% | Up 111% | |||
