Nvidia Smashes Q3 Forecasts as Blackwell GPUs Spark AI Revolution
Table of Content
- Overview of Nvidia’s Q3 Success
- Revenue Growth: $35.1 Billion in Q3
- Q4 Revenue Guidance: $37.5 Billion Target
- Nvidia’s Position in the AI Ecosystem
Nvidia (NVDA) reported record-breaking fiscal third-quarter revenue of $35.1 billion, a 94% increase year-over-year, surpassing Wall Street expectations once again.
The chipmaker’s Nvidia reported a 17% sequential increase in revenues for the thrird quarter, reaching $35.1 billion from the previous quarter’s revenues of $30 billion. The chipmaker also achieved a remarkable net income of $19.3 billion, with earnings per share (EPS) of $0.78. This performance underscores the company’s strong momentum, driven by demand for its cutting-edge GPU technology and AI-related solutions.
Nvidia projects continued growth in the fourth quarter, providing revenue guidence of approximately $37.5 billion. This outlook slightly exceeds the consensus forecast of $37.09 billion, reflecting strong demand for its GPUs and AI-driven technologies. The optimistic guidance aligns with Nvidia’s ongoing expansion in data centers and AI-related markets, positioning the company for sustained performance.
Nvidia CEO Jensen Huang said in a statement the company’s pivotal role in the ongoing AI revolution, stating, “The age of AI is in full steam, propelling a global shift to NVIDIA computing.” He highlighted the extraordinary demand for the current Hopper GPUs and the anticipation surrounding the Blackwell GPUs, which are now in full production. According to Huang, these GPUs are critical for scaling pretraining, post-training, and inference in foundation model development, underscoring Nvidia’s leadership in AI-driven computing advancements
Shares of the chipmaker were down 0.76% at the market close on Wednesday. Nvidia’s shares are up 202.86% so far this year.
Nvidia’s data center revenue has reached $30.8 billion in the fiscal third quarter, marking a 17% increase from the previous quarter and an impressive 112% growth year-over-year. This surge highlights the robust demand for Nvidia’s GPUs, driven by advancements in AI and data-intensive applications, particularly in large-scale data centers
Nvidia’s shares were down 3.47% during after-hours trading on Wednesday after it released its earnings results. The shares remained down by 1.2% later in the evening.
