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Nemotron 3 Ultra vs Qwen2.5 Coder 32B Instruct

Nemotron 3 Ultra leads Qwen2.5 Coder 32B Instruct on the Artificial Analysis Intelligence Index, 22.9 to 6.7, and Qwen2.5 Coder 32B Instruct costs 2.4x less per output token ($1.00 vs $2.40 per million). Updated October 22, 2026; 26 benchmarks have a result for both.

Nemotron 3 UltraNVIDIA
Coding
30.0
Overall
53.1
Output $/M
$2.40
26
Qwen2.5 Coder 32B InstructQwen
Coding
No data
Overall
No data
Output $/M
$1.00
0
vs boards won of 26 shared

Nemotron 3 Ultra or Qwen2.5 Coder 32B Instruct: which to pick

Only Nemotron 3 Ultra has a coding score, 30.0 on the Vibe Coding Index; Qwen2.5 Coder 32B Instruct has none, so the two cannot be ranked on coding.

Pick Qwen2.5 Coder 32B Instruct for output tokens 2.4x cheaper ($1.00 vs $2.40 per million).

Shared results
26
Nemotron 3 Ultra only
44
Qwen2.5 Coder 32B Instruct only
9
Like-for-like categories
6 of 9

Only benchmarks that tested both models count toward a pick; a result only one model has is shown but not compared.

Which one for your work

Each card is decided by one number both models carry. Where only one has it, the card says so and makes no call.

At a glance

Coding index
Nemotron 3 Ultra 30.0 from 3 benchmarks, Qwen2.5 Coder 32B Instruct not benchmarked.
Widest category
Knowledge, 38.3 points apart on average over 4 shared benchmarks.
Widest single gap
LMArena Text: Chinese: Nemotron 3 Ultra 1497 against Qwen2.5 Coder 32B Instruct 1222, 45.9 points apart on a 0 to 100 scale.
Output price
Nemotron 3 Ultra $2.40 against Qwen2.5 Coder 32B Instruct $1.00 per million output tokens, 2.4x apart.
Context window
Nemotron 3 Ultra takes 262K tokens, Qwen2.5 Coder 32B Instruct 33K.

Benchmark by benchmark

First the score: boards each model leads, per category, where both have a result. Then every board, a category to a fold; bars are each result on a 0 to 100 scale, so compare the two in a row, not one row with another.

Boards won, where both have a result
CategoryNemotron 3 UltraBarsQwen2.5 Coder 32B InstructTies
Coding20
Intelligence20
Reasoning50
Math20
Knowledge40
General110
All shared boards260
CodingLike-for-likeSix of these boards feed the Vibe Coding Index20
Coding benchmarks for Nemotron 3 Ultra and Qwen2.5 Coder 32B Instruct
BenchmarkNemotron 3 UltraQwen2.5 Coder 32B InstructLeader
Aider polyglotNot measured16.4%Only Qwen2.5 Coder 32B Instruct measured
SWE-bench VerifiedNot measured47.0%Only Qwen2.5 Coder 32B Instruct measured
AA Coding Index49.3Not measuredOnly Nemotron 3 Ultra measured
LiveCodeBench (Vals AI)86.0%Not measuredOnly Nemotron 3 Ultra measured
SWE-bench Verified (Vals AI)69.0%Not measuredOnly Nemotron 3 Ultra measured
Vibe Code Bench (Vals AI)7.6%Not measuredOnly Nemotron 3 Ultra measured
Code migration (Vals AI)4.9%Not measuredOnly Nemotron 3 Ultra measured
ProgramBench (Vals AI)0.0%Not measuredOnly Nemotron 3 Ultra measured
Terminal-Bench 2.1 (Vals AI)50.9%Not measuredOnly Nemotron 3 Ultra measured
LiveCodeBench (Artificial Analysis run)Not measured29.5%Only Qwen2.5 Coder 32B Instruct measured
SciCode40.3%Not measuredOnly Nemotron 3 Ultra measured
Terminal-Bench Hard (Artificial Analysis run)36.4%Not measuredOnly Nemotron 3 Ultra measured
FrontierCode13.6%Not measuredOnly Nemotron 3 Ultra measured
WeirdML43.5%Not measuredOnly Nemotron 3 Ultra measured
LMArena Text: coding14681276Nemotron 3 Ultra
LMArena Text: software and IT14681261Nemotron 3 Ultra
Neither model has a result on the other 23 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index20
Intelligence benchmarks for Nemotron 3 Ultra and Qwen2.5 Coder 32B Instruct
BenchmarkNemotron 3 UltraQwen2.5 Coder 32B InstructLeader
AA Intelligence Index22.96.7Nemotron 3 Ultra
Epoch Capabilities Index146.0119.5Nemotron 3 Ultra
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index6 boards, none shared
Agentic work benchmarks for Nemotron 3 Ultra and Qwen2.5 Coder 32B Instruct
BenchmarkNemotron 3 UltraQwen2.5 Coder 32B InstructLeader
AA Agentic Index20.1Not measuredOnly Nemotron 3 Ultra measured
Finance Agent (Vals AI)37.7%Not measuredOnly Nemotron 3 Ultra measured
Legal Research Bench (Vals AI)15.4%Not measuredOnly Nemotron 3 Ultra measured
Excel Modeling Benchmark (Vals AI)31.7%Not measuredOnly Nemotron 3 Ultra measured
τ²-Bench Telecom83.3%Not measuredOnly Nemotron 3 Ultra measured
APEX-Agents22.7%Not measuredOnly Nemotron 3 Ultra measured
Neither model has a result on the other 35 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index50
Reasoning benchmarks for Nemotron 3 Ultra and Qwen2.5 Coder 32B Instruct
BenchmarkNemotron 3 UltraQwen2.5 Coder 32B InstructLeader
GPQA Diamond86.1%Not measuredOnly Nemotron 3 Ultra measured
GPQA Diamond (Artificial Analysis run)86.7%41.7%Nemotron 3 Ultra
Humanity's Last Exam (Artificial Analysis run)28.4%3.5%Nemotron 3 Ultra
GPQA Diamond (Epoch AI run)85.4%Not measuredOnly Nemotron 3 Ultra measured
Mystery game puzzles20.0%Not measuredOnly Nemotron 3 Ultra measured
LMArena Text: hard prompts14521251Nemotron 3 Ultra
LMArena Text: expert14721221Nemotron 3 Ultra
LMArena Text: hard prompts in English14531269Nemotron 3 Ultra
Neither model has a result on the other 14 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index20
Math benchmarks for Nemotron 3 Ultra and Qwen2.5 Coder 32B Instruct
BenchmarkNemotron 3 UltraQwen2.5 Coder 32B InstructLeader
OTIS Mock AIME86.7%Not measuredOnly Nemotron 3 Ultra measured
ProofBench2.0%Not measuredOnly Nemotron 3 Ultra measured
GSM8KNot measured93.0%Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: math14571251Nemotron 3 Ultra
LMArena Text: mathematical work14611243Nemotron 3 Ultra
Neither model has a result on the other 8 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index40
Knowledge benchmarks for Nemotron 3 Ultra and Qwen2.5 Coder 32B Instruct
BenchmarkNemotron 3 UltraQwen2.5 Coder 32B InstructLeader
MMLU Pro85.8%Not measuredOnly Nemotron 3 Ultra measured
LegalBench (Vals AI)82.1%Not measuredOnly Nemotron 3 Ultra measured
CorpFin (Vals AI)65.5%Not measuredOnly Nemotron 3 Ultra measured
TaxEval (Vals AI)73.1%Not measuredOnly Nemotron 3 Ultra measured
MedCode (Vals AI)38.6%Not measuredOnly Nemotron 3 Ultra measured
MMLU Pro (Artificial Analysis run)Not measured63.5%Only Qwen2.5 Coder 32B Instruct measured
MMLUNot measured79.1%Only Qwen2.5 Coder 32B Instruct measured
AI2 Reasoning ChallengeNot measured70.5%Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: science14651221Nemotron 3 Ultra
LMArena Text: medicine and healthcare14561187Nemotron 3 Ultra
LMArena Text: legal and government14521257Nemotron 3 Ultra
LMArena Text: business and finance14341224Nemotron 3 Ultra
Neither model has a result on the other 6 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
Web design benchmarks for Nemotron 3 Ultra and Qwen2.5 Coder 32B Instruct
BenchmarkNemotron 3 UltraQwen2.5 Coder 32B InstructLeader
Design Arena: websites1145Not measuredOnly Nemotron 3 Ultra measured
Design Arena: UI components1135Not measuredOnly Nemotron 3 Ultra measured
Design Arena: game dev1138Not measuredOnly Nemotron 3 Ultra measured
Design Arena: data viz1142Not measuredOnly Nemotron 3 Ultra measured
Design Arena: 3D1131Not measuredOnly Nemotron 3 Ultra measured
Design Arena: all code categories1146Not measuredOnly Nemotron 3 Ultra measured
Design Arena: SVG1069Not measuredOnly Nemotron 3 Ultra measured
Design Arena: ASCII art1100Not measuredOnly Nemotron 3 Ultra measured
Neither model has a result on the other 1 board here
GeneralLike-for-likePublic boards, shown as published, kept out of the index110
General benchmarks for Nemotron 3 Ultra and Qwen2.5 Coder 32B Instruct
BenchmarkNemotron 3 UltraQwen2.5 Coder 32B InstructLeader
IFBench81.4%Not measuredOnly Nemotron 3 Ultra measured
Long context reasoning (AA-LCR)79.3%Not measuredOnly Nemotron 3 Ultra measured
DTBench90.1%Not measuredOnly Nemotron 3 Ultra measured
LMCA36.9%Not measuredOnly Nemotron 3 Ultra measured
HellaSwagNot measured83.0%Only Qwen2.5 Coder 32B Instruct measured
WinoGrandeNot measured80.8%Only Qwen2.5 Coder 32B Instruct measured
LMArena Text14451230Nemotron 3 Ultra
LMArena Text: instruction following14181223Nemotron 3 Ultra
LMArena Text: creative writing13991174Nemotron 3 Ultra
LMArena Text: English14551248Nemotron 3 Ultra
LMArena Text: non-English14271205Nemotron 3 Ultra
LMArena Text: Chinese14971222Nemotron 3 Ultra
LMArena Text: German1472Not measuredOnly Nemotron 3 Ultra measured
LMArena Text: Korean1384Not measuredOnly Nemotron 3 Ultra measured
LMArena Text: French1472Not measuredOnly Nemotron 3 Ultra measured
LMArena Text: Spanish1455Not measuredOnly Nemotron 3 Ultra measured
LMArena Text: Russian14171228Nemotron 3 Ultra
LMArena Text: Polish1385Not measuredOnly Nemotron 3 Ultra measured
LMArena Text: multi-turn14111222Nemotron 3 Ultra
LMArena Text: longer queries14371251Nemotron 3 Ultra
LMArena Text: writing and language14061191Nemotron 3 Ultra
LMArena Text: entertainment and media13971150Nemotron 3 Ultra
Neither model has a result on the other 24 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Nemotron 3 Ultra and Qwen2.5 Coder 32B Instruct
BenchmarkNemotron 3 UltraQwen2.5 Coder 32B InstructLeader
Neither model has a result on 5 boards here

What each workload costs

Three fixed token mixes at each model's listed price, so per-token rates become a bill.

Chat turn

1K input + 500 output tokens

Nemotron 3 Ultra$0.0018Fits in one request
Qwen2.5 Coder 32B Instruct$0.0012Fits in one request

Qwen2.5 Coder 32B Instruct costs less

Repository review

50K input + 3K output tokens

Nemotron 3 Ultra$0.037Fits in one request
Qwen2.5 Coder 32B Instruct$0.036Exceeds the context window

Qwen2.5 Coder 32B Instruct costs less

Agent loop

200K input + 10K output tokens

Nemotron 3 Ultra$0.144Fits in one request
Qwen2.5 Coder 32B Instruct$0.142Exceeds the context window

Qwen2.5 Coder 32B Instruct costs less

Listed OpenRouter rates, without cache or batch discounts. A workload that does not fit a model's context window would need splitting.

Specification differences

The leading value in a row is marked; a row with a missing value names no leader. Our two rows are marked in red.

Specifications of Nemotron 3 Ultra and Qwen2.5 Coder 32B Instruct
SpecificationNVIDIA Nemotron 3 UltraQwen2.5 Coder 32B Instruct
MakerNVIDIAQwen
WeightsOpen weightsOpen weights
ReleasedJune 4, 2026November 11, 2024
Context window262K33K
Input $/Mtok$0.60$0.66
Output $/Mtok$2.40$1.00
Coding index30.0Not benchmarked
Independent measurements behind it30
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Nemotron 3 Ultra better than Qwen2.5 Coder 32B Instruct for coding?

Only Nemotron 3 Ultra has a coding score, 30.0 on the Vibe Coding Index; Qwen2.5 Coder 32B Instruct has none, so the two cannot be ranked on coding. Pick Qwen2.5 Coder 32B Instruct for output tokens 2.4x cheaper ($1.00 vs $2.40 per million).

Which is cheaper, Nemotron 3 Ultra or Qwen2.5 Coder 32B Instruct?

Nemotron 3 Ultra costs $0.60 per million input tokens and $2.40 per million output tokens; Qwen2.5 Coder 32B Instruct costs $0.66 and $1.00. Cost per solved task is known for neither of them.

Which has the bigger context window, Nemotron 3 Ultra or Qwen2.5 Coder 32B Instruct?

Nemotron 3 Ultra, with 262K tokens against 33K.

How many benchmarks is the Nemotron 3 Ultra vs Qwen2.5 Coder 32B Instruct comparison based on?

26 benchmarks have a result for both models as of October 22, 2026. Nemotron 3 Ultra's coding index rests on 3 independent benchmarks and Qwen2.5 Coder 32B Instruct's on 0. Where only one model has a result, the page says so instead of naming a winner.

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