Short answer
NVIDIA Corp (NVDA) filed its Q4 2025 10-Q quarterly report on Nov 19, 2025 for the quarter ended Oct 26, 2025. Quarterly revenue was $57.0B (up 62.5% year over year) with net income of $31.9B.
Q4 2025 key financials · XBRL
- Revenue
- $57.0B
- +62.5% YoY · +22.0% QoQ
- Net income
- $31.9B
- +65.3% YoY · +20.8% QoQ
- Operating margin
- 63.2%
- Gross margin
- 73.4%
- EPS (diluted)
- $1.30
- +68.8% YoY · +20.4% QoQ
Source: XBRL data from the NVIDIA Corp (NVDA) Q4 2025 10-Q on SEC EDGAR. USD.
NVIDIA Corp Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $57.0B Q3 FY26, up 62% YoY from $35.1B; Compute & Networking $50.9B (+64% YoY); Graphics $6.1B (+51% YoY)
- Operating margin 63.1% Q3 FY26 vs 62.3% YoY; Gross margin 73.4% Q3 FY26 vs 74.6% YoY; Operating expenses up 36% YoY to $5.8B
- Best segment: Compute & Networking revenue $50.9B (+64% YoY), operating income $35.7B (+62% YoY); Worst: Graphics smaller revenue $6.1B
- Cash/cash equivalents/marketable securities up to $60.6B from $43.2B YoY; Operating cash flow $66.5B first 9 months FY26 up from $47.5B
- Near-term risks: US export license/charge $4.5B on H20 inventory; uncertain AI diffusion rules; supply chain complexities; expanded US manufacturing investments
Risk Factors
- New financial risk: $4.5B charge for H20 excess inventory due to US export licensing restrictions
- Material update on regulatory risk: Expanded, complex US export controls limiting sales of GPUs in China and other countries, shrinking addressable market
- Most impactful regulatory risk: EU AI Act effective Aug 2024 and upcoming state AI laws increase compliance costs and restrict AI model training, deployment
- Operational risk: Supply chain complexity rising with US domestic manufacturing scale-up, new supplier integrations increase inventory and provisioning risk
- Market risk: Volatile and difficult demand forecasting due to shifts in AI, datacenter capacity, energy availability, and geopolitical tensions affecting supply and demand
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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