Nvidia (NVDA) earnings report Q3 2026

Nvidia reported fiscal third quarter profit On Wednesday, it delivered revenue that beat Wall Street expectations and a stronger-than-expected sales forecast for the fourth quarter.

Shares of the artificial intelligence chip maker rose more than 4% in extended trading.

Here is the company’s performance compared to the forecasts of analysts participating in the LSEG survey:

• Earnings per share: Adjusted $1.30 to estimated $1.25
• Revenues: $57.01 billion vs. $54.92 billion estimated

Nvidia said it expects sales of about $65 billion this quarter, versus the $61.66 billion analysts expected.

Net income for the quarter rose 65% to $31.91 billion, or $1.30 per share, from $19.31 billion, or 78 cents per share, in the year-earlier period, the company said.

Nvidia has become the most valuable publicly traded company, mostly due to insatiable demand for AI chips called GPUs. Nvidia is important Microsoft, Amazon, Google, SeerAnd Meta as customers. Its chips are used by all leading technology companies to develop new artificial intelligence models.

Nvidia’s sales and outlook are closely watched by the tech industry as a sign of the health of the AI ​​boom.

“There’s been a lot of talk about the AI ​​bubble,” Nvidia CEO Jensen Huang told investors on the earnings call. “We’re seeing something very different from our perspective.”

Nvidia’s most important business is data center sales. Nvidia said it generated $51.2 billion in data center sales, easily beating analysts’ expectations for sales of $49.09 billion in the quarter and up 66% year over year.

$43 billion of that was for “computing,” or the company’s GPUs. The company said much of the growth was driven by initial sales of the company’s GB300 chips. Networking, or parts that allow multiple GPUs to operate as a single computer, accounted for $8.2 billion in data center sales.

Nvidia finance chief Colette Kress said in a statement that the company’s best-selling chip family is now Blackwell Ultra, the second generation version of the company’s Blackwell chips.

Nvidia’s report comes just weeks after the company released quarterly results from its megacap peers and leading customers. Microsoft, Meta, Amazon, and Alphabet have raised their estimates for capital spending due to their AI developments, and they now collectively expect to spend more than $380 billion this year.

Huang said in a statement that “cloud GPUs are running out” and expressed investors’ concerns that the company’s rapidly growing sales are going to a handful of cloud providers, called hyperscalers, that need to find end users for the chips.

In October, Huang said the company had orders totaling $500 billion for AI chips for 2025 and 2026.

“The number will increase,” Kress said on an earnings call with analysts.

Before the AI ​​boom, Nvidia was known for making chips for playing 3D video games. Nvidia announced that it achieved $4.3 billion in gaming revenue, a 30% increase compared to the same period last year.

Another legacy item for Nvidia is its professional visualization business, which reported sales of $760 million in the quarter, up 56% year over year. This included sales of a product called DGX Spark, Nvidia’s AI desktop computer, which was announced earlier this year.

The company also highlighted robotics as one of its top growth areas. Third quarter automotive and robotics sales reached $592 million, up 32% year over year.

Nvidia said it was “disappointed” that it was unable to ship current-generation Blackwell chips to China. Even though the company obtained export licenses for the H20 chip, Kress said it generated only $50 million in sales in the quarter.

“Large purchase orders never materialized this quarter due to geopolitical issues and an increasingly competitive market in China,” Kress said.

Nvidia said it repurchased $12.5 billion in shares and paid $243 million in dividends during the quarter.

WRISTWATCH: Nvidia hits record third quarter, CEO Huang Blackwell says chip sales ‘off the charts’