Nvidia CEO Jensen Huang dismissed concerns about customers’ deteriorating cash flow due to increased AI investments. He confidently asserted that major tech companies’ substantial AI infrastructure investments directly generate revenue, ensuring continued growth.
During a conference call following the release of Q4 fiscal 2025 results, Huang declared, “In the new AI era, computing is revenue.” He emphasized that while a $300-400 billion computing infrastructure exists, the industry is still in the early stages.
Nvidia once again broke records, with Q4 revenue soaring 73% year-over-year to $68.13 billion, surpassing LSEG’s forecast of $66.2 billion. Adjusted EPS of $1.62 also beat Wall Street’s $1.53 expectation.
By segment, data center revenue reached $62.3 billion, accounting for 91.4% of total revenue. Gaming brought in $3.7 billion, professional visualization $1.3 billion, and automotive and robotics $604 million. Annual revenue hit a record $215.9 billion, up 65% from the previous year.
For the current fiscal first quarter (February to April), Nvidia guided revenue to $78 billion, well above the $72.6 billion USD expected by Wall Street.
Huang revealed that a partnership with OpenAI is close to finalization, calling it “a once-in-a-generation company.”
On space data centers, he acknowledged current low economic viability but anticipated future improvements. Addressing concerns about AI agents threatening existing software business, Huang said, “The market misunderstands this,” explaining that AI will utilize tools like Microsoft’s Excel.
Regarding China, CFO Colette Kress noted U.S. government approval to ship certain H200 products, but no revenue has been generated yet, with future export approvals uncertain.
