[Seoul Economy] NVIDIA reported earnings that exceeded market expectations for the fourth quarter of last year (from November 2024 to January 2025). Despite growing concerns about a potential decrease in demand for artificial intelligence (AI) accelerators due to the “deep-seq shock,” NVIDIA has provided a positive outlook.
On the 26th (local time), NVIDIA announced that it recorded revenue of $39.3 billion and a GAAP earnings per share (EPS) of $0.89 for the fourth quarter of fiscal year 2025 (from November 2024 to January 2025). These figures represent increases of 78% and 82% compared to the same period last year, respectively, and exceed the $38 billion in revenue and $0.84 EPS predicted by market analysis firm LSEG.
The fourth-quarter revenue and EPS showed a quarterly increase of 12% and 14%, respectively. With this, NVIDIA’s total revenue for the last year amounted to $130.5 billion, and EPS reached $2.94, reflecting increases of 114% and 147% from the previous year.
NVIDIA has projected revenue of $43 billion and a gross profit margin of 70.6% for the first quarter of this year (from February to April 2025). This suggests a potential increase in revenue of about 10% compared to the fourth quarter of last year. Following the news, NVIDIA’s stock, which closed up 3.67% during regular trading, remained stable in after-hours trading.
Jensen Huang, NVIDIA’s CEO, stated, “The demand for Blackwell is remarkable as inference AI adds another layer of expansion law,” and noted the successful ramp-up in mass production of Blackwell AI supercomputers, achieving billions in sales in the first quarter. He further emphasized, “With agent AI and physical AI setting the stage for next-generation AI, the advancement of AI is happening at the speed of light.”