In the third quarter of 2025, Nvidia reported record quarterly revenue of $57 billion and sharply raised its forecast, stating that the artificial intelligence market is in a phase of sustainable growth, not a speculative «bubble.»
In the third quarter of 2025, Nvidia reported record quarterly revenue of $57 billion and sharply raised its forecast, stating that the artificial intelligence market is in a phase of sustainable growth, not a speculative «bubble.»
Nvidia reported quarterly revenue rose 62% year-over-year to $57 billion, while GAAP net income was $32 billion, up 65% from a year earlier, TechCrunch reported. Both figures topped Wall Street expectations and sent the company’s shares up more than 4% in after-hours trading.
The data center business was the main contributor, bringing in $51.2 billion, up 25% from the previous quarter and up 66% year-over-year. The remaining $5.8 billion came from gaming, professional graphics, and automotive. CFO Colette Kress explained that growth is being fueled by «AI factories» and infrastructure projects, which announced a total of about 5 million GPUs this quarter.
The company is also celebrating the success of its Blackwell architecture. The new Blackwell Ultra GPUs, due out in the spring of 2025, are already Nvidia’s flagship product. According to CEO Jensen Huang, Blackwell sales are «over the top,» and cloud GPUs are practically sold out. He notes that demand for computing power for training and inferencing models continues to grow exponentially, and the number of players in the AI ecosystem is rapidly expanding — from foundation model developers to corporations and government data centers.
Not all areas have been so successful. Data center shipments of H20 GPUs have been lower than expected due to export restrictions and increased competition in the Chinese market. According to Kress, large orders for H20s have not yet been placed, but Nvidia continues to work with the US and Chinese governments to find a format that will allow the company to maintain its position in this market.
Despite local failures, Nvidia expects another record: in the fourth quarter, the company forecasts revenue of $65 billion. Against this background, Huang effectively rejected the rhetoric about the «AI bubble», stating that from Nvidia’s point of view, this is not a speculative leap, but a long-term restructuring of the entire computing industry.
In just a few years, Nvidia has gone from a «gamers’ company» to a key supplier of chips for generative AI and cloud data centers. This, along with its unprecedented growth rates, regularly fuels talk of a possible market overvaluation. However, current results and an aggressive forecast suggest that demand for AI computing resources is not slowing down yet, but is continuing to accelerate.
Previously, dev.ua wrote about how Nvidia’s revenue for the second quarter of 2025 amounted to $46.7 billion, which is 56% more than in the same period last year. Net income grew by 59% to $26.4 billion.
