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Nvidia Crushes Q3 Expectations With Record Revenue as Blackwell AI Chips Fly Off the Shelves

MarketDash Editorial Team
18 days ago
Nvidia delivered its 12th consecutive earnings beat with third-quarter revenue hitting $57 billion, up 62% year-over-year. CEO Jensen Huang says Blackwell demand is "off the charts" as the company guides for even stronger growth ahead.

Nvidia Corporation (NVDA) just made beating Wall Street estimates look routine again. The chip giant reported third-quarter results Wednesday after the close that crushed expectations across the board, posting revenue of $57.0 billion—up 62% from last year and comfortably ahead of the $54.88 billion analysts were expecting.

Earnings per share came in at $1.30, topping the $1.25 consensus. That makes it an even dozen consecutive quarters where Nvidia has beaten on both the top and bottom lines. The revenue figure also set a new company record, because apparently breaking records is just what Nvidia does now.

Data Center Business Dominates

The real story, as usual, lives in the Data Center segment. That business generated $51.2 billion in revenue—also a record—representing 66% growth year-over-year and 25% growth from the previous quarter. To put that in perspective, Nvidia's Data Center business alone is now bigger than most entire tech companies.

Gaming and AI PC revenue reached $4.3 billion (up 30% annually but down 1% sequentially), Professional Visualization brought in $760 million (up 56% year-over-year and 26% quarter-over-quarter), and Automotive contributed $592 million (up 32% annually and 1% sequentially).

Blackwell Chips Are the New Hotness

"Blackwell sales are off the charts, and cloud GPUs are sold out," CEO Jensen Huang said in the earnings release. He wasn't just hyping the product—demand for Nvidia's latest generation of AI chips appears to be genuinely overwhelming supply.

Huang continued: "Compute demand keeps accelerating and compounding across training and inference—each growing exponentially." Translation: Companies need more processing power both to build AI models and to run them, and they need it yesterday.

Looking Ahead: Even Bigger Numbers

If you thought $57 billion in quarterly revenue was impressive, Nvidia is guiding for fourth-quarter revenue between $63.70 billion and $66.30 billion. The midpoint of that range would represent another significant jump, and it's well above the current analyst estimate of $61.48 billion.

Huang framed the moment in characteristically grand terms: "We've entered the virtuous cycle of AI. The AI ecosystem is scaling fast—with more new foundation model makers, more AI startups, across more industries, and in more countries. AI is going everywhere, doing everything, all at once."

Market Reaction

Nvidia stock jumped 2.8% to $191.81 in after-hours trading Wednesday. The stock has traded in a 52-week range of $86.63 to $212.19, meaning shares are currently hovering near the higher end of that spectrum—though still off the peak.

The after-hours move suggests investors are digesting the beat-and-raise quarter positively, though perhaps with slightly muted enthusiasm given how high expectations have climbed. When you deliver twelve straight beats, the bar keeps getting raised.

Back to News

Nvidia Crushes Q3 Expectations With Record Revenue as Blackwell AI Chips Fly Off the Shelves

MarketDash Editorial Team
18 days ago
Nvidia delivered its 12th consecutive earnings beat with third-quarter revenue hitting $57 billion, up 62% year-over-year. CEO Jensen Huang says Blackwell demand is "off the charts" as the company guides for even stronger growth ahead.

Nvidia Corporation (NVDA) just made beating Wall Street estimates look routine again. The chip giant reported third-quarter results Wednesday after the close that crushed expectations across the board, posting revenue of $57.0 billion—up 62% from last year and comfortably ahead of the $54.88 billion analysts were expecting.

Earnings per share came in at $1.30, topping the $1.25 consensus. That makes it an even dozen consecutive quarters where Nvidia has beaten on both the top and bottom lines. The revenue figure also set a new company record, because apparently breaking records is just what Nvidia does now.

Data Center Business Dominates

The real story, as usual, lives in the Data Center segment. That business generated $51.2 billion in revenue—also a record—representing 66% growth year-over-year and 25% growth from the previous quarter. To put that in perspective, Nvidia's Data Center business alone is now bigger than most entire tech companies.

Gaming and AI PC revenue reached $4.3 billion (up 30% annually but down 1% sequentially), Professional Visualization brought in $760 million (up 56% year-over-year and 26% quarter-over-quarter), and Automotive contributed $592 million (up 32% annually and 1% sequentially).

Blackwell Chips Are the New Hotness

"Blackwell sales are off the charts, and cloud GPUs are sold out," CEO Jensen Huang said in the earnings release. He wasn't just hyping the product—demand for Nvidia's latest generation of AI chips appears to be genuinely overwhelming supply.

Huang continued: "Compute demand keeps accelerating and compounding across training and inference—each growing exponentially." Translation: Companies need more processing power both to build AI models and to run them, and they need it yesterday.

Looking Ahead: Even Bigger Numbers

If you thought $57 billion in quarterly revenue was impressive, Nvidia is guiding for fourth-quarter revenue between $63.70 billion and $66.30 billion. The midpoint of that range would represent another significant jump, and it's well above the current analyst estimate of $61.48 billion.

Huang framed the moment in characteristically grand terms: "We've entered the virtuous cycle of AI. The AI ecosystem is scaling fast—with more new foundation model makers, more AI startups, across more industries, and in more countries. AI is going everywhere, doing everything, all at once."

Market Reaction

Nvidia stock jumped 2.8% to $191.81 in after-hours trading Wednesday. The stock has traded in a 52-week range of $86.63 to $212.19, meaning shares are currently hovering near the higher end of that spectrum—though still off the peak.

The after-hours move suggests investors are digesting the beat-and-raise quarter positively, though perhaps with slightly muted enthusiasm given how high expectations have climbed. When you deliver twelve straight beats, the bar keeps getting raised.