Nvidia Reports Record Q3 Revenue While Gaming GPU Shortages Loom

The company’s strong AI-driven growth is offset by potential supply constraints for GeForce RTX 40 Series GPUs ahead of the holiday season.

Nvidia posted a record $35.1 billion in Q3 revenue, a 94% increase from the same period last year, driven primarily by its Data Center division focused on AI technologies.
Gaming revenue reached $3.3 billion, up 15% year-over-year, but Nvidia CFO Colette Kress warned of potential supply shortages for GeForce RTX 40 Series GPUs through the end of the year.
The shortages are attributed to Nvidia and its partners reportedly shifting production focus to the next-generation Blackwell-powered GeForce RTX 50 Series GPUs, expected to launch in early 2025.
Nvidia's gross margins for Q3 were 74.6%, underscoring the high demand and premium pricing of its GPUs, particularly in the AI sector.
Despite strong financial performance, Nvidia faces challenges such as thermal issues in its Blackwell AI chips and the need to balance production priorities to meet market demand.