NVIDIA Corp (NVDA) Q4 2025 10-Q Quarterly Report
Filed: Nov 19, 2025Period ending Oct 26, 2025
Information Technology
Semiconductors & Related DevicesSEC EDGAR NVIDIA Corp (NVDA) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Nov 19, 2025 for the fiscal period ending Oct 26, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
NVIDIA Corp Q4 2025 10-Q Analysis
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
NVIDIA Corp Q4 2025 Quarterly FinancialsXBRL
Revenue
$57.0B
▲ +62.5% YoY▲ +22.0% QoQ
Net Income
$31.9B
▲ +65.3% YoY▲ +20.8% QoQ
Gross Margin
73.4%
▼ -115bp YoY▲ +99bp QoQ
Operating Margin
63.2%
▲ +83bp YoY▲ +233bp QoQ
Net Margin
56.0%
▲ +94bp YoY▼ -55bp QoQ
ROE
26.8%
▼ -246bp YoY
Total Assets
$161.1B
▲ +67.8% YoY
EPS (Diluted)
$1.30
▲ +68.8% YoY▲ +20.4% QoQ
Operating Cash Flow
$23.8B
▲ +34.7% YoY▲ +54.6% QoQ
Source: XBRL data from NVIDIA Corp Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.
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