NVIDIA Corporation Q3 FY2025 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • Revenue reached a record 35.1 billion dollars, up 17 percent sequentially and 94 percent year-over-year. The company exceeded its outlook of 32.5 billion dollars.
  • All major market platforms saw strong growth driven by accelerated computing and AI adoption.

Data Center

  • Data Center revenue hit 30.8 billion dollars, up 17 percent sequentially and 112 percent year-over-year.
  • H200 ramp is the fastest in NVIDIA’s history, now at double-digit billions of dollars in quarterly contribution.
  • Cloud service provider revenue doubled year-over-year, representing about half of Data Center revenue.
  • Regional cloud revenue grew 2 times year-over-year; consumer internet revenue more than doubled.
  • Significant software-driven performance gains: Hopper inference throughput improved 5 times year-over-year; NIM expected to add another 2.4 times improvement.
  • Blackwell is now in full production with 13,000 GPU samples shipped in Q3. Demand described as staggering.
  • Microsoft, Oracle, AWS, and others preparing to deploy large-scale Blackwell systems; some with cluster sizes exceeding 100,000 GPUs.

Enterprise AI, Software, and Industrial AI

  • Nearly 1,000 companies using NVIDIA NIM; NVIDIA AI Enterprise revenue expected to more than double for the full fiscal year.

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Operator: Good afternoon. My name is Joel, and I'll be your conference operator today. At this time, I would like to welcome everyone to NVIDIA's Third Quarter Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you. Stewart Stecker, you may begin your conference. Stewart Stecker: Thank you. Good afternoon, everyone, and welcome to NVIDIA's conference call for the third quarter of fiscal 2025. With me today from NVIDIA are Jensen Huang, President and Chief Executive Officer; and Colette Kress, Executive Vice President and Chief Financial Officer. I'd like to remind you that our call is being webcast live on NVIDIA's Investor Relations website. The webcast will be available for replay until the conference call to discuss our financial results for the fourth quarter of fiscal 2025. The content of today's call is NVIDIA's property. It can't be reproduced or transcribed without our prior written consent. During this call, we may make forward-looking statements based on current expectations. These are subject to a number of significant risks and uncertainties and our actual results may differ materially. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release, our most recent Forms 10-K and 10-Q, and the reports that we may file on Form 8-K with the Securiti

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