Nvidia's Growth Spurt Continues
Almost two years after Nvidia first revealed how much it expects to profit from the rise of generative AI back in March 2023, the company's unprecedented growth spurt continues. On Wednesday, the company reported results for the fourth quarter and full fiscal year 2025 and once again it managed to meet or exceed Wall Street's lofty expectations.
In the three months ended January 26, 2025, Nvidia's revenue grew 78 percent from the same period a year ago, reaching $39.3 billion compared to its own outlook of $37.5 billion plus/minus 2 percent and analyst expectations of $38.2 billion. Once again, Nvidia's data center business was at the heart of the company's blowout quarter, as it saw a 93-percent jump in revenue versus a year ago and accounted for more than 90 percent of total sales. Net income amounted to $22.1 billion in the past quarter, which is roughly five times the company's full-year profit for fiscal 2023, the last year without the impact of AI. For the current quarter, Nvidia expects revenue of $43 billion, which would be a 65-percent increase over the same quarter of last year, as growth rates inevitably come back to earth.
“We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter," founder and CEO Jensen Huang said in a statement. "AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries,” he added.