Overview
- Nvidia posted $57.0 billion in Q3 revenue and $31.9 billion in profit, with earnings of $1.30 per share on 62% year-over-year sales growth.
- The company forecast roughly $65 billion in Q4 revenue (±2%) and guided to about 75% adjusted gross margin, sending shares higher after hours.
- Data‑center sales reached $51.2 billion as CEO Jensen Huang said Blackwell sales are "off the charts" and cloud GPUs are sold out, with visibility to roughly $500 billion in chip demand through 2026.
- Investors took the beat and outlook as a relief to AI‑bubble worries, with broader tech shares firming as Nvidia reinforced its role as the AI infrastructure bellwether.
- Risks remained in focus, including four customers making up 61% of sales, rising use of rental agreements for Nvidia chips totaling $26 billion, physical bottlenecks in power and land, and curtailed China sales under U.S. export controls.