On Wednesday, November 20th Eastern Time, after the US stock market closed, Nvidia released its financial data for the third quarter of fiscal year 2025 as of October 27, 2024, as well as its performance guidance for the fourth quarter.
The operating revenue for the third quarter was 35.08 billion US dollars, a year-on-year increase of 94%, and the adjusted gross profit margin for the third quarter was 75%. In terms of performance guidance, the fourth quarter revenue is expected to be $37.5 billion, with a fluctuation of 2%. GAAP and Non GAAP gross margins are expected to be 73.0% and 73.5%, respectively, with a fluctuation of 50 basis points.
It is worth mentioning that Bloomberg's current consensus expectation for fourth quarter performance is $37.2 billion. First Shanghai Securities has learned that the current consensus among buyers is around $38-39 billion. The agency believes that Nvidia will still maintain a relatively conservative performance guidance, with an expected performance guidance of $37.5 billion for FY25Q4.
Regarding the progress of Blackwell that has attracted external attention, Nvidia stated that Blackwell's production and shipment plan will begin in the fourth quarter of fiscal year 2025 and will continue until fiscal year 2026.
After the release of the financial report, Nvidia's stock price, which closed down nearly 0.8%, further expanded its post market decline, falling more than 5% at one point.