Overview
- Nvidia reported October‑quarter revenue of $57 billion and net income of $31.9 billion, beating forecasts, with data‑center sales reaching $51.2 billion.
- The company projected roughly $65 billion in fiscal Q4 revenue (±2%) and guided for an adjusted gross margin near 75%, indicating continued momentum.
- CEO Jensen Huang said Blackwell demand is “off the charts” with cloud GPUs sold out, and the company cited about $500 billion in bookings through 2026.
- Shares rose about 5% in after‑hours trading, adding roughly $220 billion in market value and lifting major tech peers.
- Risks remained in focus: four customers accounted for 61% of sales, rent‑back contracts climbed to $26 billion, infrastructure and power constraints loom, and China sales face export limits as U.S. officials approved exports of up to 35,000 Blackwell chips to firms in Saudi Arabia and the UAE.