TLDR
- Nvidia posted Q3 revenue of $57.01 billion, exceeding Wall Street’s $54.92 billion estimate, with adjusted EPS of $1.30 versus $1.25 expected
- The company guided Q4 revenue to approximately $65 billion, beating analyst projections of $61.66 billion
- Data center segment generated $51.2 billion in revenue, up 66% year-over-year, driven by Blackwell chip sales
- Net income jumped 65% to $31.91 billion compared to the prior-year quarter
- Shares climbed over 4% in extended trading following the announcement
Nvidia unveiled third-quarter results Wednesday that sailed past analyst expectations. Revenue reached $57.01 billion compared to the Street’s $54.92 billion forecast.
The company delivered adjusted earnings of $1.30 per share. Wall Street anticipated $1.25 per share.
Net income surged 65% to $31.91 billion from $19.31 billion a year earlier. The stock gained more than 4% after the market closed.
CEO Jensen Huang pushed back on recent market skepticism. “There’s been a lot of talk about an AI bubble,” Huang told investors. “From our vantage point, we see something very different.”
The forward guidance impressed Wall Street. Nvidia expects roughly $65 billion in Q4 sales versus analyst estimates of $61.66 billion.
Blackwell Chips Fuel Data Center Boom
Data center revenue totaled $51.2 billion, topping the $49.09 billion consensus. The segment posted 66% growth from last year.
Compute revenue, mainly GPU sales, hit $43 billion. The company credited strong GB300 chip demand for much of this increase.
Huang described Blackwell chip sales as “off the charts.” CFO Colette Kress confirmed that Blackwell Ultra now ranks as the company’s top-selling chip family.
“Cloud GPUs are sold out,” Huang added, addressing investor worries about demand sustainability. Networking products contributed $8.2 billion to data center revenue.
The CEO disclosed in October that Nvidia holds $500 billion in orders spanning 2025 and 2026. Kress said on the earnings call that this figure will keep expanding.
Gaming and Visualization Segments Climb
Gaming brought in $4.3 billion, marking a 30% year-over-year increase. The segment previously served as Nvidia’s primary revenue driver before AI took center stage.
Professional visualization generated $760 million, soaring 56% from the prior year. This includes sales from the DGX Spark AI desktop computer launched earlier in 2025.
Automotive and robotics sales reached $592 million, growing 32% annually. Management highlighted robotics as a key future growth driver.
Major customers like Microsoft, Amazon, Google, Oracle, and Meta continue ramping up AI spending. These tech companies now plan to invest over $380 billion combined this year in AI infrastructure.
China Market Presents Challenges
Export restrictions hampered China sales. The company cannot ship current-generation Blackwell chips to the region.
H20 chip sales totaled just $50 million despite receiving export approval. “Sizable purchase orders never materialized in the quarter due to geopolitical issues and the increasingly competitive market in China,” Kress stated.
The earnings report lifted cryptocurrency markets. Bitcoin rebounded above $90,000 after dropping near $88,000 earlier Wednesday.
AI-related crypto tokens climbed 4-5% following the results. Bitcoin mining companies focused on AI infrastructure jumped 6-11% in after-hours trading.
Nvidia returned capital to shareholders through $12.5 billion in stock repurchases. Dividend payments reached $243 million for the quarter.
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