NVIDIA Earning Report (NVDA) Q4 2025

Nvidia Informs the fourth quarter on Wednesday after the bell.

This is what Wall Street expects, according to LSEG’s consensus estimates:

• EPS: $ 0.84, adjusted
• Revenue: $ 38.04 billion

The NVIDIA profit report on Wednesday will give the final touches to one of the most notable years of a large company. Analysts not only expect a 72% increase in revenues in the quarter ending in January, but it is expected that sales for the full fiscal year will be more than twice as of almost $ 130 billion.

The company’s growth streak has been promoted by the fact that its data centers graphics processing units, or GPU, are essential hardware to build and implement artificial intelligence applications such as OpenAI chatgpt applications.

In the last two years, Nvidia shares have increased more than 440%, and has been the most valuable American company sometimes with a market capitalization of more than $ 3 billion.

But the meteoric growth of the shares has slowed down in recent months: it is quoted at the same price as last October. The deceleration of the company’s appreciation are investors questions about what Nvidia does below, and if it can continue to grow.

The CEO of Nvidia, Jensen Huang, will have the opportunity on Wednesday to answer persistent questions of investors and analysts about how the AI ​​boom is seen in two years.

In particular, Nvidia investors are concerned about any signal that the most important customers of the company, hyperscala cloud companies, could be hardesting their belts after years of large capital expenses. They were also shaken by a model of Chinese, R1 of Deepseek, which challenged the assumptions that more Nvidia chips would be needed to build a smarter AI.

There is also the possibility that care in Depseek can lead US officials to further restrict Nvidia chips exports to China by national security lands. Nvidia is already prohibited from sending her most advanced chips to the region, and makes especially limited versions of her chips specifically for China.

In addition, investors will want to know how it is going after Blackwell information That distribution of some versions of the last Nvidia AI chip can be slower than expected due to heating and performance challenges.

Morgan Stanley analysts estimated this month that Microsoft It will represent almost 35% of the expense in 2025 in Blackwell, Google is 32.2%, Oracle with 7.4% and Amazon to 6.2%.

Last week, TD Cowen analysts said they had learned that Microsoft had canceled leases with private data centers operators and that their negotiation process had decelerated to enter new leases. The report increased fears on the sustainability of the growth of AI infrastructure, of which a large part of the expense is in the Nvidia chips.

Microsoft delayed Monday, saying that it was still planning to spend $ 80 billion in infrastructure in 2025. In addition, most other Nvidia key clients promoted large investments. The alphabet is pointing $ 75 billion In capital expenses this year, Goal will spend as much as $ 65 billion And Amazon aims to spend $ 100 billion.

“We have talked to the industry participants during the weekend, and although it is certainly possible that there are longer delivery time changes related to the Earth, the Microsoft GPU demand has not changed,” wrote the Morgan analyst Stanley Joseph Moore in a note this week. It has an objective price of $ 152 in Nvidia shares.

Even so, investors will listen to any sign that Nvidia’s relationship with cloud companies remains solid. They will also listen to the Nvidia guide for their 2026 prosecutor, and how much growth on high sales last year can be expected.