NVIDIA · 2025-02-26

NVIDIA (NVDA) Q4 FY2025 Earnings Release: Blackwell demand kept NVIDIA at the center of AI infrastructure spending.

NVIDIA reported fiscal Q4 2025 revenue of $39.3B.; Data Center remained the dominant growth engine.; Management emphasized Blackwell demand and production ramp.; Gross margin and supply constraints stayed central to the outlook.

Revenue $39.3B

NVIDIA reported fiscal Q4 2025 revenue of $39.3B.

Data center Reported

Data Center remained the dominant growth engine.

Blackwell Reported

Management emphasized Blackwell demand and production ramp.

Risk Reported

Gross margin and supply constraints stayed central to the outlook.

Reported data

NVDA key reported figures

01
Revenue

NVIDIA reported fiscal Q4 2025 revenue of $39.3B.

Why it matters

The revenue base was already enormous, so the market focused on the next platform ramp.

02
Data center

Data Center remained the dominant growth engine.

Why it matters

The stock was trading the durability of AI capex, not gaming seasonality.

03
Blackwell

Management emphasized Blackwell demand and production ramp.

Why it matters

Blackwell execution became the main bridge into FY2026 estimates.

04
Risk

Gross margin and supply constraints stayed central to the outlook.

Why it matters

The valuation needed growth plus margin resilience.

Sources

Original document and provenance

NVIDIA Q4 and FY2025 results