Nvidia (NASDAQ:NVDA) delivered yet another standout quarter, exceeding Wall Street’s expectations on both earnings and revenue while also providing a stronger-than-anticipated outlook for the current quarter. However, despite the impressive results, shares saw a more than 2% pullback in early trading on Thursday.
For the quarter, Nvidia posted adjusted earnings per share of $0.89, rising from $0.81 a year earlier, on revenue of $39.3 billion, marking a 78% year-over-year surge. Both figures came in ahead of expectations, with analysts forecasting $0.84 EPS and $38.16 billion in revenue.
The company’s data center unit, which accounts for the majority of its business, reported $35.6 billion in revenue, a 16% increase from the prior quarter, outperforming estimates of $34.1 billion.
Looking ahead, Nvidia projects first-quarter revenue of $43 billion, surpassing Wall Street’s $42.05 billion estimate. The company also expects a gross margin of 70.6%, reflecting continued strong profitability.
Nvidia emphasized that its next-generation AI Blackwell chips are already seeing billions of dollars in sales, as the company ramps up massive-scale production of AI supercomputers. The bullish guidance reinforced confidence in the ongoing AI-driven demand boom, despite rising competition from Chinese AI firms like DeepSeek.