NVDA
NVIDIA Corporation177.72
+1.43+0.81%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '26
Q&A confirms $500B track, investment details
Q&A reaffirmed NVIDIA's $500 billion Blackwell/Rubin visibility through 2026 stays on track, with Colette noting upside from fresh orders like KSA's 400-600k GPUs over three years. Management unpacked ecosystem investments in OpenAI and Anthropic as CUDA-expanding partnerships yielding equity stakes in 'once-in-a-generation' firms. Blackwell packs ~$30 billion per gigawatt versus Hopper's $20-25 billion, boosting TCO. Supply hurdles like power nag, but Jensen calls them solvable via planning. Inference surges with reasoning models. Investors watch execution amid input cost pressures, where margins aim mid-70s.
Key Stats
Market Cap
4.33TP/E (TTM)
44.10Basic EPS (TTM)
4.03Dividend Yield
0%Recent Filings
8-K
NVIDIA Q3 revenue hits $57B
NVIDIA reported record Q3 fiscal 2026 revenue of $57.0 billion on November 19, 2025, surging 22% from Q2 and 62% year-over-year, propelled by $51.2 billion in Data Center sales—up 25% sequentially and 66% annually—fueled by Blackwell demand. Gross margins hit 73.4% GAAP, while net income reached $31.9 billion. Blackwell sales are off the charts. Q4 outlook projects $65.0 billion revenue, yet reliance on third-party manufacturing poses supply risks.
10-Q
Q3 FY2026 results
NVIDIA's Q3 FY2026 revenue hit $57.0B, up 62% y/y and 22% q/q (derived), fueled by Data Center's $51.2B surge—66% y/y and 25% q/q—thanks to Blackwell Ultra's dominance and NVLink networking growth. Gross margin dipped to 73.4% from 74.6% y/y amid the Hopper-to-Blackwell shift, yet operating income climbed 65% y/y to $36.0B, with diluted EPS at $1.30, up 67% y/y and reconciling to 24.5B shares. Cash from operations reached $66.5B YTD, up from $47.5B last year, while $8.5B total debt (maturities through 2060, rates 1.55%-3.70%) remains low against $60.6B in cash and equivalents; capex hit $4.8B YTD. Acquisitions added $1.1B goodwill to Compute & Networking. Export controls on AI chips to China pose a key risk, curbing market access.
10-Q
Q2 FY2026 results
NVIDIA's Q2 FY2026 revenue hit $46.7B, up 56% y/y and 6% q/q (derived), fueled by Data Center's $41.1B haul—88% of total—where compute platforms for AI models surged 50% y/y yet dipped 1% q/q amid H20 adjustments. Gross margin settled at 72.4%, down 2.7 pts y/y but rebounding 11.9 pts q/q after prior charges, while operating income climbed 53% y/y to $28.4B on scaled efficiencies. Diluted EPS rose 61% y/y to $1.08, aligning with 24.5B shares (derived), and YTD net income reached $45.2B. Cash swelled to $11.6B with $42.8B operating cash flow, offsetting $24.2B buybacks; long-term debt holds steady at $8.5B with no revolver draw. Acquisitions added $567M goodwill to Compute & Networking. Export controls on AI chips linger as a key risk, curbing China access.
8-K
NVIDIA Q2 earnings surge
NVIDIA reported Q2 fiscal 2026 revenue of $46.7 billion on August 27, 2025, up 6% sequentially and 56% year-over-year, driven by $41.1 billion in Data Center sales where Blackwell grew 17% quarter-over-quarter. Gross margins hit 72.4% GAAP, boosted by a $180 million H20 inventory release, while the company returned $24.3 billion to shareholders in the first half and added $60 billion to its repurchase authorization. Q3 revenue outlook stands at $54.0 billion, plus or minus 2%. Blackwell demand surges amid AI infrastructure builds.
8-K
Ochoa resigns from NVIDIA board
NVIDIA's board saw Ellen Ochoa resign effective July 31, 2025, from her directorship and the Nominating and Corporate Governance Committee. The move stems from personal reasons, with no disagreements over operations, policies, or practices. This change leaves the board intact otherwise. Smooth transition ahead.
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