10-Q 季报仅提供 GAAP 数据
| 指标 | Q3 FY2025 | Q2 FY2025 | Q/Q | Q3 FY2024 | Y/Y |
|---|---|---|---|---|---|
| 营收 Revenue | $35,082M | $30,040M | +17% | $18,120M | +94% |
| 毛利率 Gross Margin | 74.6% | 75.1% | -0.5 ppt | 74.0% | +0.6 ppt |
| 研发费用 R&D | $3,390M | $3,090M | +10% | $2,294M | +48% |
| 销售及管理 SG&A | $897M | $842M | +7% | $689M | +30% |
| 折旧摊销 D&A | $478M | $433M | +10% | — | — |
| 股权激励 SBC | $1,252M | $1,154M | +8% | $979M | +28% |
| 营业利润 Operating Income | $21,869M | $18,642M | +17% | $10,417M | +110% |
| 利息费用 Interest Expense | $61M | $61M | +0% | $63M | -3% |
| 净利润 Net Income | $19,309M | $16,599M | +16% | $9,243M | +109% |
| 指标 | Q3 FY2025 | Q2 FY2025 | Q/Q | Q3 FY2024 | Y/Y |
|---|---|---|---|---|---|
| 每股收益 EPS | $0.78 | $0.67 | +16% | $0.37 | +111% |
| 稀释股数 Diluted Shares | 24,774M | 24,848M | -0% | 24,940M | -1% |
| 实际税率 Effective Tax Rate | 13.5% | 13.6% | -0.1 ppt | 12.2% | +1.3 ppt |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| Data Center | $30,771M | 87.7% | +17% | — |
| Gaming | $3,279M | 9.3% | +14% | — |
| Professional Visualization | $486M | 1.4% | +7% | — |
| Automotive | $449M | 1.3% | +30% | — |
| OEM & Other | $97M | 0.3% | +10% | — |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| United States | $14,800M | 42.2% | +14% | — |
| Singapore | $7,697M | 21.9% | +37% | — |
| China (incl. Hong Kong) | $5,416M | 15.4% | +48% | — |
| Taiwan | $5,153M | 14.7% | -10% | — |
| Other | $2,016M | 5.7% | +1% | — |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| Customer A | $0M | 0.0% | -14% | — |
| Customer B | $0M | 0.0% | +9% | — |
| Customer C | $0M | 0.0% | +9% | — |
Q3： 客户A/B/C各占 12% 总收入，均归属于计算与网络部门. An indirect customer (通过客户 C) estimated at 10%+ of total revenue. Four direct customers accounted for 18%, 13%, 11% and 11% of AR as of Oct 27, 2024.
本季度数据
| 指标 | Q3 FY2025 | Q2 FY2025 | 变化 |
|---|---|---|---|
| 暂无动态指标配置 | |||
以下观点摘自 10-Q MD&A 管理层讨论章节
"数据中心计算收入同比增长133%，受Hopper计算平台用于大语言模型训练和推理、推荐引擎及生成式AI应用的需求驱动。"
"Hopper和Blackwell系统均存在一定供应限制，预计Blackwell的需求将在FY2026的多个季度内超过供应。"
"截至2024年10月27日，库存采购及长期供应和产能义务总计289亿美元，较上年增加，主要因Blackwell产能和组件承诺。"
| 指标 | 数值 | 备注 |
|---|---|---|
| cash_and_equivalents | $9,107M | Cash and cash equivalents only (excluding marketable securities) |
| marketable_securities | $29,380M | Short-term marketable securities |
| share_repurchase_authorization_remaining | $46.4B | Remaining share repurchase authorization as of Oct 27, 2024 |
| unearned_sbc | $12.4B | Aggregate unearned stock-based compensation expense, weighted average recognition 2.3 years |
| multi_year_cloud_agreements | $11.3B | Multi-year cloud service agreements included in non-inventory purchase obligations |
| future_lease_commitments | $4.2B | Expected new lease obligations Q4 FY2025 through FY2027, primarily data center and office |