NVIDIA has announced a record revenue of $35.1 billion for the third quarter of fiscal 2025, marking a 17% increase from the previous quarter and a 94% rise year-over-year. The company’s data centre segment contributed $30.8 billion, up 17% from the prior quarter and 112% from the same period last year. According to Jensen Huang, founder and CEO of NVIDIA, this growth is a result of the “age of AI” which is driving a global shift towards NVIDIA computing. He also highlighted the increasing demand for the company’s upcoming products, Hopper and Blackwell, which are expected to revolutionize workflows and industrial robotics.
Huang also emphasized the broader impact of AI, stating that it is transforming every industry, company, and country. He noted that enterprises are adopting agentic AI to improve workflows, while industrial robotics investments are surging with advancements in physical AI. Additionally, countries are recognizing the importance of developing their national AI and infrastructure.
Looking ahead, NVIDIA has provided an optimistic forecast for the fourth quarter, projecting a revenue of $37.5 billion, surpassing analyst expectations. However, despite these impressive results, the company’s stock experienced a slight dip in after-hours trading, possibly due to investors’ high expectations.
During the earnings call, Huang revealed that Blackwell production is running at full steam. The company’s CFO, Colette M Kress, also reported that NVIDIA shipped 13,000 Blackwell GPU samples to customers in the third quarter, including one of the first Blackwell DGX engineering samples to OpenAI. She further stated that Blackwell is now in the hands of all major partners, and they are working to bring up their data centers. Kress also highlighted the staggering demand for Blackwell and the company’s efforts to scale supply to meet customer demand.
The CFO also reported exceptional demand for Hopper GPUs, with H200 sales rising significantly quarter-over-quarter to reach double-digit billions. She described the H200’s production ramp as the fastest in NVIDIA’s history, noting its delivery of up to twice the inference performance and a 50% improvement in total cost of ownership (TCO). Overall, the company’s strong performance in the third quarter and promising forecast for the fourth quarter demonstrate the growing demand for AI and NVIDIA’s position as a leader in the industry.
