NVIDIA reported $57.01 billion in revenue for the quarter to Oct 26, 2025, up 62.5% on the year

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

NVIDIA filed its 10-Q, the quarterly report US-listed companies file with the SEC, on Nov 19, 2025, for the quarter from Jul 28 to Oct 26, 2025. Revenue was $57.01 billion, up 62.5% from $35.08 billion a year earlier and up 22% from $46.74 billion in the quarter before. Data Center revenue was $51.22 billion, up 66.4% on the year; the company said the quarter's revenue growth was driven by its data center compute and networking platforms for accelerated computing and AI solutions. Operating income was $36.01 billion against $21.87 billion a year earlier, and net income $31.91 billion against $19.31 billion, with diluted earnings per share of $1.30 against $0.78. Gross margin fell to 73.4% from 74.6% a year earlier, which the 10-Q put down to the move from Hopper HGX systems to Blackwell full-scale datacenter solutions.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13^,14^,15^,16

Net income also holds investment gains: other income, net was $1.363 billion in the quarter against $36 million a year earlier, and the 10-Q said the change had come mainly from unrealized gains in NVIDIA's publicly-held and non-marketable equity securities.17^,18

Gaming revenue was $4.27 billion, against $3.28 billion a year earlier, a rise of 30.1%. The 10-Q tied the rise to continued demand for Blackwell, and said Gaming revenue fell 1% from the previous quarter as channel inventories reached more normalized levels heading into the holiday season. The Graphics segment had revenue of $6.1 billion, up 50.7%, which the 10-Q attributed to sales of the Blackwell architecture. NVIDIA's earnings release, filed the same day, said the launches of Borderlands 4, Battlefield 6 and ARC Raiders came with NVIDIA DLSS 4, Multi Frame Generation and Reflex.19^,20^,21^,22^,23^,24^,25^,26^,27

On H20, the 10-Q said the US government granted licenses in August 2025 for certain shipments to China-based customers, and that NVIDIA had generated approximately $50 million in H20 revenue under them by then; H20 sales were insignificant in the quarter. For the fourth quarter, the earnings release gave an outlook of revenue of $65.0 billion, plus or minus 2%.28^,29^,30

We hold the text of the 10-Q's management discussion and no other part of the filing; its notes to the financial statements are not in our records. Our records keep one value for each period of an SEC filer, the latest filed, so they cannot show whether the year-earlier figures here were restated.31^,32