The report was filed on November 20, 2024
The filing includes financial statements for the quarter, showing a revenue increase to $35.1 billion, up 94% from $18.1 billion in the same quarter the previous year. This growth was driven by strong demand for data center compute and networking platforms.
Gross profit rose to $26.2 billion, with a gross margin of 74.6%, compared to 74.0% in the previous year. The increase in gross margin is attributed to a higher mix of data center revenue.
Operating expenses for the quarter were $4.3 billion, up from $3.0 billion in the previous year, primarily due to increased compensation and benefits expenses.
Net income for the quarter was $19.3 billion, up from $9.2 billion in the previous year. Basic and diluted net income per share were $0.79 and $0.78, respectively.
Cash provided by operating activities was $47.5 billion for the first nine months of fiscal year 2025. Cash used in investing and financing activities was $13.2 billion and $32.4 billion, respectively.
NVIDIA repurchased 92 million shares of its common stock for $11.1 billion during the quarter. The company also paid cash dividends of $245 million.
The filing details various financial agreements and commitments, including long-term supply and capacity agreements totaling $28.9 billion.
NVIDIA's management discussed the impact of U.S. government export controls on certain products, which have affected the company's ability to ship to certain regions.
The company continues to focus on its data center and AI solutions, with plans to introduce new architectures and expand its product portfolio to meet growing demand.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the NVIDIA Corporation quarterly 10-Q report dated November 20, 2024. To report an error, please email [email protected].
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