NVIDIA (NVDA) reads 2Q2025 results.
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Significant Increase in Sales and Profits
NVIDIA’s sales more than doubled sharply to $30 billion from $13.5 billion in the same period last year; six-month sales also grew to $56 billion from $20.6 billion a year earlier. Operating income increased from $6.8 billion to $18.6 billion, with high profit margins. Net income also more than doubled, growing from $6.2 billion to $16.6 billion in the same period last year and from $8.2 billion to $31.4 billion for the six-month period.
Improved Cost Control
Although cost of sales increased, the growth was contained compared to the rapid growth in sales, and gross margins improved. Operating expenses such as R&D and selling, general and administrative expenses also increased YoY, but not at the same pace as sales and gross profit growth, indicating efficient cost management. While NVIDIA continues to invest aggressively in R&D, overall expenses are appropriately controlled.
Cash Position and Asset Growth
Current assets such as cash and cash equivalents and marketable securities increased significantly over the previous year. In particular, marketable securities jumped from $18,704 million to $26,237 million, indicating the strength of NVIDIA’s cash position. Total assets also expanded from $65,728 million at the end of January 2024 to $85,227 million at the end of July.
According to market participants, NVIDIA has a dominant share of the GPU (graphics processing unit) market for AI, especially the rapidly growing demand for generative AI (generative AI) and machine learning, which has led to a surge in GPU sales for data centers. This AI boom is boosting demand for NVIDIA products as essential hardware in building and upgrading data centers, according to the report. The company’s analysis also shows that the spread of generated AI has led to an increase in AI-enabled capital expenditures across corporate IT infrastructure, which is directly contributing to NVIDIA’s sales and profit growth.
