Summary by Futu AI
NVIDIA Corporation reported a record-breaking financial performance for the third quarter of fiscal year 2025, with revenues reaching $35.1 billion, a 94% increase from the same period last year. The results, announced on November 20, 2024, also showed a significant rise in Data Center revenue, which soared to $30.8 billion, marking a 112% year-over-year growth. The company's GAAP earnings per diluted share increased to $0.78, up 111% from the previous year, while non-GAAP earnings per diluted share climbed to $0.81, reflecting a 103% increase. NVIDIA's CEO, Jensen Huang, attributed the success to the 'age of AI' and the global shift towards NVIDIA computing. The company also declared a quarterly cash dividend of $0.01 per share, to be paid on December 27, 2024, to shareholders of record as of December 5, 2024. Looking ahead, NVIDIA expects fourth-quarter revenue to be around $37.5 billion, with GAAP and non-GAAP gross margins projected at 73.0% and 73.5%, respectively. The company's financial outlook remains strong as it continues to lead in accelerated computing and AI technologies.