Nvidia earnings live: AI semiconductor giant beats forecasts

Nvidia’s earnings report caps off a Magnificent 7 earnings season that has seen some big tech stocks suffer in the light of DeepSeek’s emergence

Summary

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Good morning, and welcome to MoneyWeek’s live blog covering Nvidia’s earnings.

When does Nvidia announce earnings?

What is DeepSeek, and why does it matter for Nvidia’s earnings?

More competition for Nvidia

Big tech spending raises pressure on Nvidia

Nvidia earnings expectations

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Nvidia Q4 results: analysts' expectations

Analyst poll

Expected Q4 earnings per share (EPS)

Expected Q4 revenue

FactSet

$0.85

$38.08 billion

London Stock Exchange Group (LSEG)

$0.84

$38.05 billion

Blackwell key for Nvidia

What does China’s AI boom mean for Nvidia?

Why has Scottish Mortgage sold Nvidia shares?

Can Nvidia survive reduced AI costs?

Good morning, and welcome back to our live blog on Nvidia's upcoming earnings release.

More on Chinese AI

Nvidia’s broadening lineup

Blackwell in demand

Nvidia’s share price steady ahead of earnings

The bear case for Nvidia: are earnings multiples justified?

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Instrument

P/E ratio (trailing 12 months)

Nvidia

51.44

Apple

39.35

Microsoft

32.55

Amazon

38.46

Alphabet

22.28

Meta

28.00

Tesla

162.02

S&P 500*

25.82

Nvidia’s share price falling day before earnings

Nvidia drags Nasdaq negative

Can Nvidia’s earnings keep outperforming?

Will Nvidia stay on top of AI?

Nvidia’s shares down ahead of earnings

What time does Nvidia announce earnings?

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What?

When?

US markets open

2.30pm

US markets close

9pm

Expected release of Nvidia’s earnings

C. 9.20pm

Nvidia’s earnings call starts

10pm

Why does Nvidia’s earnings matter to you?

Could Nvidia’s earnings be US tech’s “defining moment”?

Other big tech earnings besides Nvidia announced today

Nvidia shares up ahead of earnings

When does Nvidia competitor Broadcom announce its earnings?

Blackwell supply and demand in focus for Nvidia

Nvidia’s earnings guidance in focus

Nvidia’s shares resurgent ahead of earnings

We're going to take a short break, but stay tuned. We'll be back later this evening to bring you the headlines from Nvidia's earnings, as they land.

Less than half an hour to go

Nvidia beats earnings

Jensen Huang: "Demand for Blackwell is amazing"

Record data centre revenue

Nvidia's outlook

Rate of revenue growth is slowing

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Nvidia’s revenues are growing, but at a slower rate than they once were

Quarter (fiscal year)

Quarterly revenue

QoQ growth rate

YoY growth rate

Q4 2025

$39.3 billion

+12%

+78%

Q3 2025

$35.1 billion

+17%

+94%

Q2 2025

$30.0 billion

+15%

+122%

Q1 2025

$26.0 billion

+18%

+262%

Q4 2024

$22.1 billion

+22%

+265%

Q3 2024

$18.12 billion

+34%

+206%

Q2 2024

$13.51 billion

+88%

+101%

Q1 2024

$7.19 billion

+19%

-13%

Nvidia's share price in after-hours trading

That concludes our Nvidia coverage for tonight. Thank you for joining us. We will be back tomorrow morning with further insight and analysis.

Good morning, and welcome back to our Nvidia earnings blog.

Nvidia’s earnings beat paves the way for further S&P 500 strength

Can Nvidia maintain growth rates?

What did Jensen Huang say about DeepSeek?

Are Nvidia’s earnings expectations becoming more realistic?

That's all from us tonight, but join us again tomorrow morning for more market reaction to Nvidia's earnings.

The morning after the night before: markets sour on Nvidia's earnings

Did Trump sour the mood post-Nvidia earnings?

Thanks for following the Nvidia earnings live blog here at MoneyWeek.

We're going to wrap up our live coverage of the fallout here, but please see our article on Nvidia's share price movements for a summary of the main events.