Summary
NVIDIA Corporation reported robust financial results for the fiscal second quarter ending July 27, 2025, showcasing significant year-over-year growth. Revenue surged by 56% to $46.74 billion, primarily driven by the Compute & Networking segment, which saw a 56% increase to $41.33 billion. This strong performance underscores the sustained high demand for NVIDIA's accelerated computing and AI solutions, particularly within data centers. The company's strategic focus on advanced architectures, including the Blackwell GPU ramp, continues to fuel its top-line growth. Despite impressive revenue expansion, gross margin experienced a slight year-over-year decline to 72.4% from 75.1%, attributed to the product mix shift towards full-scale datacenter systems. However, operating expenses increased by 38%, largely due to investments in R&D and higher compensation. Net income grew an impressive 59% year-over-year to $26.42 billion, translating to a diluted EPS of $1.08. NVIDIA also demonstrated strong cash generation, with net cash from operating activities reaching $42.78 billion for the first half of the fiscal year, alongside a substantial increase in its share repurchase program, reflecting confidence in its financial position and commitment to shareholder returns.
Financial Highlights
53 data points| Revenue | $46.74B |
| Cost of Revenue | $12.89B |
| Gross Profit | $33.85B |
| R&D Expenses | $4.29B |
| SG&A Expenses | $1.12B |
| Operating Expenses | $5.41B |
| Operating Income | $28.44B |
| Net Income | $26.42B |
| EPS (Basic) | $1.08 |
| EPS (Diluted) | $1.08 |
| Shares Outstanding (Basic) | 24.37B |
| Shares Outstanding (Diluted) | 24.53B |
Key Highlights
- 1Revenue for the quarter reached $46.74 billion, a 56% increase year-over-year, driven by strong demand in the Compute & Networking segment.
- 2Data Center revenue grew 56% year-over-year to $41.1 billion, fueled by accelerated computing and AI applications, with the Blackwell architecture ramp contributing significantly.
- 3Gross margin was 72.4%, a decrease from 75.1% in the prior year, primarily due to a shift in product mix towards full-scale datacenter systems.
- 4Net income surged by 59% year-over-year to $26.42 billion, with diluted EPS of $1.08.
- 5Operating expenses increased by 38% year-over-year, mainly due to higher R&D spending and increased compensation and benefits.
- 6The company announced a significant increase in its share repurchase authorization to $60.0 billion, demonstrating a strong commitment to returning capital to shareholders.
- 7Despite challenges related to U.S. export controls, the company generated $42.78 billion in net cash from operating activities for the first half of the fiscal year.