US chip giant Nvidia reported stronger-than-expected earnings and revenue on Wednesday for the third quarter of fiscal 2026 and guided for even stronger sales growth in the current quarter, significantly surpassing Wall Street estimates.
Net income soared 65% year-on-year to $31.91 billion in the July–September period. Revenue climbed 62% to a record $57.01 billion. Diluted earnings per share reached $1.30, compared with $1.08 in the same quarter of the previous fiscal year. All key metrics comfortably beat analyst forecasts.
The company said it anticipates approximately $65 billion in revenue for the fourth quarter — well above the consensus estimate of around $61.7 billion.
Nvidia’s data center division, now by far its largest and most important business, generated $51.2 billion in sales, crushing expectations. Within that segment, compute products (primarily GPUs) contributed $43 billion, while networking equipment added $8.2 billion.
Gaming revenue rose 30% year-over-year to $4.3 billion, driven by continued strong demand for GeForce RTX 40- and 50-series graphics cards. The professional visualization segment posted $760 million in sales, up 56% from the prior year. Automotive and robotics combined delivered $592 million, a 32% increase, as Nvidia’s DRIVE and Jetson platforms gain traction with carmakers and humanoid-robot developers.
CEO Jensen Huang described demand for the company’s newest Blackwell AI chips as “off the charts.”
“Blackwell sales are off the charts, and cloud GPUs are sold out. Compute demand keeps accelerating and compounding across training and inference — each growing exponentially. 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,” Huang said during the earnings call.
Following the announcement, Nvidia shares jumped more than 4% in after-hours trading.
Fueled by seemingly insatiable global demand for its AI accelerators, Nvidia has solidified its position as the world’s most valuable publicly traded company, with a market capitalization that now routinely exceeds $4 trillion. Every quarterly report from the Santa Clara-based firm is closely watched as a leading indicator of whether the generative-AI boom remains on solid footing.
The Blackwell platform, which began shipping in volume during the third quarter, is already fully allocated for the next several quarters, with major cloud providers and enterprises lining up to secure supply. CFO Colette Kress noted that the company has clear visibility into hundreds of billions of dollars in future Blackwell and next-generation Rubin revenue.
Beyond traditional hyperscalers, Nvidia highlighted surging interest from sovereign AI initiatives, energy companies building AI supercomputers for scientific research, and a rapidly expanding robotics sector. Huang repeatedly referred to the coming era of “physical AI,” where embodied intelligent systems will transform manufacturing, logistics, healthcare, and retail.
The company continues to return substantial capital to shareholders. In the first nine months of fiscal 2026, Nvidia repurchased shares and paid dividends totaling $37 billion, with more than $62 billion still authorized for future buybacks.
Analysts reacted positively, with most major firms raising price targets and reiterating “buy” or “strong buy” ratings. Several noted that Blackwell’s performance-per-watt improvements and full-stack software advantages (CUDA, DGX Cloud, Omniverse) make it extremely difficult for competitors to displace Nvidia in large-scale AI training and inference workloads.
While concerns about power availability, export restrictions to China, and potential competition from custom silicon persist, none appear to be slowing Nvidia’s momentum in the near term. Management explicitly stated that the fourth-quarter guidance assumes essentially zero compute revenue from China due to ongoing U.S. restrictions, meaning the $65 billion forecast is driven almost entirely by the U.S., Europe, Middle East, and select Asian markets.
As AI infrastructure spending is now projected to reach multiple trillions of dollars annually by the end of the decade, Nvidia remains at the very center of what Huang calls “the industrial revolution of our time.” From Istanbul to Silicon Valley, developers, enterprises, and governments are racing to deploy Nvidia-powered systems, ensuring the company’s growth runway remains extraordinarily long.
