Nvidia Reports Record Q3 Earnings but Stock Dips on Slowing Growth Expectations

The AI chip leader exceeded Wall Street's revenue and profit forecasts, but investor concerns over decelerating growth led to a modest stock decline.

Nvidia reported Q3 revenue of $35.1 billion, surpassing analyst expectations of $33.2 billion, and adjusted earnings per share of $0.81, beating forecasts of $0.75.
The company projected Q4 revenue of $37.5 billion, slightly above market expectations, but the implied growth rate reflected a slowdown compared to prior quarters.
Nvidia's data center segment, driven by AI demand, posted $30.8 billion in revenue, a 112% year-over-year increase, though networking revenue saw a sequential decline of 15%.
Supply constraints for Nvidia's next-generation Blackwell AI chips are expected to limit availability for several quarters, despite strong demand from major tech companies.
Nvidia's stock fell about 2% in after-hours trading as investors reacted to tempered growth expectations and high valuation pressures despite the earnings beat.