Nvidia founder and CEO Jensen Huang struck a bullish tone in the firm’s third-quarter earnings. And based mostly on the firm’s outcomes, there could also be motive to.
Nvidia reported income of $57 billion in the third quarter, 62% greater in contrast to the identical quarter final 12 months. The corporate’s internet revenue on a GAAP foundation was $32 billion, 65% greater year-over-year. Each income and revenue outcomes beat Wall Road expectations.
The income image reveals an organization booming thanks largely to its knowledge heart enterprise. Income generated by Nvidia’s knowledge heart enterprise was a report $51.2 billion, up 25% from the earlier quarter and up 66% from a 12 months in the past. The remaining $5.8 billion in income got here from Nvidia’s gaming enterprise with $4.2 billion, adopted by gross sales in skilled visualization and automotive.
Nvidia’s CFO Colette Kress noted in a statement to shareholders its knowledge heart enterprise has been fueled by an acceleration of computing, highly effective AI fashions, and agentic purposes. Throughout the firm’s Q3 name, Kress stated on this previous quarter, the firm introduced AI manufacturing unit and infrastructure tasks amounting to an combination of 5 million GPUs.
“This demand spans each market, CSPs, sovereigns, trendy builders enterprises and tremendous computing facilities, and contains a number of landmark construct outs,” Kress stated.
Blackwell Extremely, a GPU unveiled in March and accessible in a number of configurations, has been notably sturdy and is now the chief inside the firm. Earlier variations of the Blackwell structure additionally noticed continued sturdy demand, in accordance to the firm.
Huang stated gross sales of its Blackwell GPU chips “are off the charts.”
Techcrunch occasion
San Francisco
|
October 13-15, 2026
“Blackwell gross sales are off the charts, and cloud GPUs are offered out,” Huang stated in the firm’s Q3 earnings assertion. “Compute demand retains accelerating and compounding throughout coaching and inference — every rising exponentially. We’ve entered the virtuous cycle of AI. The AI ecosystem is scaling quick — with extra new basis mannequin makers, extra AI startups, throughout extra industries, and in additional international locations. AI is going in all places, doing every little thing, suddenly.”
Kress did notice that the firm’s shipments of H20, an information heart GPU designed for generative AI and high-performance computing, have been 50 million, a disappointing outcome due to its lack of ability to promote to China.
“Sizable buy orders by no means materialized in the quarter due to geopolitical points and the more and more aggressive market in China,,” Kress famous on the earnings name. “Whereas we have been upset in the present state that forestalls us from delivery extra aggressive knowledge heart compute merchandise to China, we are dedicated to continued engagement with the U.S. and China governments, and can proceed to advocate for America’s capacity to compete round the world.”
Importantly, Nvidia is forecasting extra development with a projected income of $65 billion in the fourth quarter, serving to push its share value up greater than 4% in after-hours buying and selling.
The upshot, no less than in Huang’s view: neglect about the bubble, there is solely development.
“There’s been lots of speak about an AI bubble,” Jensen stated throughout the firm’s earnings name. “From our vantage level, we see one thing very completely different.”
Disclaimer: This article is sourced from external platforms. OverBeta has not independently verified the information. Readers are advised to verify details before relying on them.
