NVIDIA (NVDA) Q3 Earnings call transcript Nov 20, 2025
2min read NVIDIA's Q3 earnings call for fiscal 2025 was a testament to the company's incredible growth and its strategic positioning in the rapidly evolving landscape of AI and accelerated computing. With a revenue of $35.1 billion, up 17% sequentially and 94% year-on-year, NVIDIA continues to break records and set the pace for innovation in the industry.
Data Center Performance
NVIDIA's Data Center segment has been a standout, with revenue of $30.8 billion, representing a 17% sequential increase and a staggering 112% year-over-year growth. This success can be attributed to the exceptional demand for NVIDIA's Hopper architecture, with sales of NVIDIA H200 increasing significantly to double-digit billions. The H200 delivers up to 2x faster inference performance and up to 50% improved TCO, making it a game-changer for cloud service providers (CSPs) and other businesses seeking to leverage the power of AI.
CSPs have been a major driver of NVIDIA's growth, with revenue from this sector increasing more than 2x year-on-year. NVIDIA H200-powered cloud instances are now available from major cloud providers like AWS, CoreWeave, Microsoft Azure, and Google Cloud, with Oracle and OCI joining the roster soon. This widespread adoption underscores the confidence in NVIDIA's technology and its ability to meet the rising demand for AI training and inference workloads.
Gaming and AI PCs
In the Gaming and AI PCs segment, revenue of $3.3 billion saw a 14% sequential and 15% year-on-year increase. The growth in this area can be attributed to the continued popularity of GeForce RTX GPUs, which are being adopted for gaming, creative, and AI applications. The launch of new GeForce RTX AI PCs with up to 321 AI TOPS from ASUS and MSI, featuring Microsoft's Copilot+ capabilities, is a testament to the synergy between gaming and AI technologies.
ProViz and Automotive
NVIDIA's ProViz and Automotive segments also showed strong growth, with revenue of $486 million and $449 million, respectively. The adoption of NVIDIA RTX workstations for professional graphics, design, and engineering-related workloads, coupled with the emergence of AI as a powerful demand driver, has contributed to this growth. The rise of autonomous vehicle simulation, generative AI content creation in media and entertainment, and autonomous vehicle brands like NVIDIA Orin are all indicators of the company's innovative strides in these areas.
Looking Ahead
NVIDIA's outlook for the future is optimistic, with a focus on ramping up production of its Blackwell systems to meet the staggering demand from customers. The company is also working on its annual roadmap, which includes the launch of Ultra and the transition to Ruben in 2026. Despite some concerns over supply constraints and the impact of the changing administration in the U.S. and China, NVIDIA remains committed to its strategic vision of accelerating the AI revolution.
Conclusion
NVIDIA's Q3 earnings call underscores the company's remarkable growth and its strategic positioning at the forefront of the AI and accelerated computing industry. With a focus on innovation, strategic partnerships, and a robust pipeline of products and services, NVIDIA is well-positioned to continue its trajectory of growth and lead the industry into the age of AI and robotics.