Monday, 9 November 2026
Silicon Analytica
Every AI story is a chip story.
Chart 23 · This quarter's big themes

NVIDIA earned 37% of the combined net income of 20 chip companies in fiscal 2025, up from 3% in 2022

Fiscal 2022–2025

NVIDIA net income ÷ combined net income, % (fiscal years, ≈US$)0%20%40%60%2022202320242025NVIDIA share of combined net income, 2022: 2.8% ($4.4B of $155.8B) (Calculated)3%NVIDIA share of combined net income, 2023: 26.4% ($29.8B of $112.5B) (Calculated)26%NVIDIA share of combined net income, 2024: 38.6% ($72.9B of $188.7B) (Calculated)39%NVIDIA share of combined net income, 2025: 37.0% ($120.1B of $324.6B) (Calculated)37.0%Source: annual reports and 10-K/20-F filings of the 20 companies · Silicon Analytica calculations, ≈US$Silicon Analyticasiliconanalytica.com/data/charts/nvidia-share-of-industry-profits
  • Calculated share = NVIDIA net income ÷ sum of the net income of every covered company with a stored figure for that fiscal year (losses reduce the total).
  • Calculated ≈US$: non-USD net income at one approximate monthly rate per currency (Federal Reserve G.5, Oct 2026), so changes reflect results, not exchange-rate moves.
  • Calculated Fiscal years are grouped by the calendar year in which most of their months fall (NVIDIA’s fiscal 2026, ending January 2026, counts as 2025).
View sources (42)

In fiscal 2025, NVIDIA's net income of $120.1B was 37.0% of the $324.6B earned by the 20 companies with stored results.

In 2022 the share was 2.8% ($4.4B of $155.8B).

2022: NXP and GlobalFoundries not included (no stored net income for that fiscal year).

2023: NXP and GlobalFoundries not included (no stored net income for that fiscal year).

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