Nvidia revenue rises 78% YoY to $39.3 billion on AI demand in fourth quarter, with a strong outlook for Q1 FY26

AI chipmaker Nvidia reported a 78% increase in revenue to $39.3 billion for the fourth quarter ended January 26, 2025. In the year-ago quarter, the revenue was $22.1 billion. Sequentially, it rose 12%.

Nvidia's fiscal year ends on January 26. Revenue for FY25 was $130.5 billion, an increase of 114% from $60.9 billion a year earlier.

For Q4 FY25, Generally Accepted Accounting Principles (GAAP) earnings per diluted share rose 82% to $0.89 against $0.49 in the same period last fiscal. Sequentially, it climbed 10%.

Nvidia also announced a quarterly dividend of $0.01 per share, which will be paid on April 2, 2025. The record date is March 12, 2025.

Commenting on earnings, Jensen Huang, founder and CEO of Nvidia, said, "Demand for Blackwell is amazing as reasoning AI adds another scaling law — increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter."

"We've successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter," he said, adding, "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."

Nvidia Q1 FY26 outlook

The chip giant expects revenue to be around $43 billion, plus or minus 2%, in the first quarter of fiscal 2026. GAAP and non-GAAP gross margins will likely be around 70.6% and 71.0%, respectively, plus or minus 50 basis points.

GAAP operating expenses are projected to be around $5.2 billion, while non-GAAP operating expenses will likely be approximately $3.6 billion.

"GAAP and non-GAAP other income and expense are expected to be an income of approximately $400 million, excluding gains and losses from non-marketable and publicly-held equity securities," the company said in an earnings statement.