NVIDIA Files Q3 FY25 10-Q

TL;DR

NVDA Q3 FY25 10-Q filed. Key financials out.

AI Summary

NVIDIA Corporation filed its 10-Q for the period ending October 27, 2024. The filing covers the third quarter of their fiscal year 2025. Key financial data and operational details for this period are presented.

Why It Matters

This filing provides crucial insights into NVIDIA's financial performance and operational status during a key growth period for the company, impacting investors and the semiconductor industry.

Risk Assessment

Risk Level: medium — NVIDIA operates in a highly competitive and rapidly evolving technology sector, subject to supply chain disruptions and geopolitical risks.

Key Numbers

• 2025 — Fiscal Year (The filing is for the third quarter of fiscal year 2025.)
• 0126 — Fiscal Year End (NVIDIA's fiscal year ends on January 26th.)

Key Players & Entities

• NVIDIA CORP (company) — Filer of the 10-Q
• 20241027 (date) — End of the reporting period
• 20241120 (date) — Filing date
• 000-23985 (company) — SEC File Number

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value per share NVDA The Nasdaq Glo

Filing Documents

• nvda-20241027.htm (10-Q) — 1406KB
• ex101globalrsuagreement-20.htm (EX-10.1) — 90KB
• nvda2025q3ex311.htm (EX-31.1) — 8KB
• nvda2025q3ex312.htm (EX-31.2) — 8KB
• nvda2025q3ex321.htm (EX-32.1) — 5KB
• nvda2025q3ex322.htm (EX-32.2) — 5KB
• nvda-20241027_g1.jpg (GRAPHIC) — 7KB
• 0001045810-24-000316.txt ( ) — 8352KB
• nvda-20241027.xsd (EX-101.SCH) — 55KB
• nvda-20241027_cal.xml (EX-101.CAL) — 104KB
• nvda-20241027_def.xml (EX-101.DEF) — 234KB
• nvda-20241027_lab.xml (EX-101.LAB) — 676KB
• nvda-20241027_pre.xml (EX-101.PRE) — 477KB
• nvda-20241027_htm.xml (XML) — 1355KB

: Financial Information

Part I : Financial Information Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) a) Condensed Consolidated Statements of Income for the three and nine months ended October 27, 2024 and October 29, 2023 3 b) Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended October 27, 2024 and October 29, 2023 4 c) Condensed Consolidated Balance Sheets as of October 27, 2024 and January 28, 2024 5 d) Condensed Consolidated Statements of Shareholders' Equity for the three and nine months ended October 27, 2024 and October 29, 2023 6 e) Condensed Consolidated Statements of Cash Flows for the nine months ended October 27, 2024 and October 29, 2023 8 f) Notes to Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations 24

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures About Market Risk 32

Quantitative and Qualitative Disclosures About Market Risk 32 Item 4.

Controls and Procedures 33

Controls and Procedures 33

: Other Information

Part II : Other Information Item 1. Legal Proceedings 34 Item 1A. Risk Factors 34 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 5. Other Information 40 Item 6. Exhibits 41 Signature 42 Where You Can Find More Information Investors and others should note that we announce material financial information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts. We also use the following social media channels as a means of disclosing information about the company, our products, our planned financial and other announcements and attendance at upcoming investor and industry conferences, and other matters, and for complying with our disclosure obligations under Regulation FD: NVIDIA Corporate Blog (http://blogs.nvidia.com) NVIDIA Technical Blog (http://developer.nvidia.com/blog/) NVIDIA LinkedIn Page (http://www.linkedin.com/company/nvidia) NVIDIA Facebook Page (https://www.facebook.com/nvidia) NVIDIA Instagram Page (https://www.instagram.com/nvidia) NVIDIA X Account (https://x.com/nvidia) In addition, investors and others can view NVIDIA videos on YouTube (https://www.YouTube.com/nvidia). The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these accounts and the blog, in addition to following our press releases, SEC filings and public conference calls and webcasts. This list may be updated from time to time. The information we post through these channels is not a part of this Quarterly Report on Form 10-Q. These channels may be updated from time to time on NVIDIA's investor relations website. 2

Financial Information

Part I. Financial Information

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) NVIDIA Corporation and Subsidiaries Condensed Consolidated Statements of Income (In millions, except per share data) (Unaudited) Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 Revenue $ 35,082 $ 18,120 $ 91,166 $ 38,819 Cost of revenue 8,926 4,720 22,031 11,309 Gross profit 26,156 13,400 69,135 27,510 Operating expenses Research and development 3,390 2,294 9,200 6,210 Sales, general and administrative 897 689 2,516 1,942 Total operating expenses 4,287 2,983 11,716 8,152 Operating income 21,869 10,417 57,419 19,358 Interest income 472 234 1,275 572 Interest expense ( 61 ) ( 63 ) ( 186 ) ( 194 ) Other, net 36 ( 66 ) 301 ( 24 ) Other income (expense), net 447 105 1,390 354 Income before income tax 22,316 10,522 58,809 19,712 Income tax expense 3,007 1,279 8,020 2,237 Net income $ 19,309 $ 9,243 $ 50,789 $ 17,475 Net income per share: Basic $ 0.79 $ 0.37 $ 2.07 $ 0.71 Diluted $ 0.78 $ 0.37 $ 2.04 $ 0.70 Weighted average shares used in per share computation: Basic 24,533 24,680 24,577 24,700 Diluted 24,774 24,940 24,837 24,940 See accompanying Notes to Condensed Consolidated Financial Statements. 3 NVIDIA Corporation and Subsidiaries Condensed Consolidated Statements of Comprehensive Income (In millions) (Unaudited) Three Months Ended Nine Months Ended Oct 27, 2024 Oct 29, 2023 Oct 27, 2024 Oct 29, 2023 Net income $ 19,309 $ 9,243 $ 50,789 $ 17,475 Other comprehensive income (loss), net of tax Available-for-sale securities: Net change in unrealized gain 49 — 71 7 Cash flow hedges: Net change in unrealized gain (loss) — ( 23 ) 20 ( 14 ) Reclassification adjustments for net realized loss included in net income ( 2 ) ( 14 ) ( 15 ) ( 38 ) Net change in unrealized gain (loss) ( 2 ) ( 37 ) 5 ( 52 ) Other comprehensive income (loss), net of tax 47 ( 37 ) 76 ( 45 ) Total comprehensive income $ 19,356 $ 9,206 $ 50,865 $ 17,430 See accompanyi

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View this 10-Q filing on SEC EDGAR