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Nvidia just beat earnings and revenue estimates, reporting $1.30 EPS on $57.01 billion in revenue for fiscal Q3, both ahead of analyst expectations.
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The company raised guidance for the current quarter to $65 billion in revenue, crushing Wall Street’s forecast of $61.66 billion.
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Shares rose 3% after hours on the stronger-than-expected results.
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President Trump earlier posted quotes from Jensen Huang, crediting Trump’s tariffs for pushing Nvidia to manufacture its next-gen Blackwell chips in the U.S.
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All eyes now turn to the earnings call for updates on AI demand, data center margins, and how long Nvidia expects this growth to last.
LIVE
Nvidia beats earnings as Jensen Huang proves the AI rally still has a lot more ways to go
Nvidia beats Q3 2026 earnings with $57 billion in revenue and ≈56% y/y growth
Live Reporting
Huang says “we’re everywhere” as Nvidia adds $220B in market value post-earnings
Jensen Huang told analysts that Nvidia’s architecture is now embedded across the entire tech stack — from cloud servers to robotics to personal computers. “We’re in every cloud. We’re in every computer. One architecture. Things just work. It’s incredible,” he said.
While the earnings call was live, President Trump posted a photo with Huang, Elon Musk, and Saudi officials from a Washington investor event earlier in the day, where all three had spoken.
Nvidia’s stock, now up over 1,000% since the end of 2022, surged another 5% in extended trading, tacking on $220 billion in market value after the company beat expectations and raised guidance.
The report helped cool fears that the AI rally had run too far too fast, but it also spotlighted a new risk: Nvidia now makes up nearly 7% of the S&P 500, making it the biggest single weight in many Americans’ retirement portfolios.
This LIVE event is now officially over!
Huang says nothing is easy at Nvidia scale, but energy is a real constraint
Asked about bottlenecks like U.S. power shortages and rising energy costs, Jensen Huang admitted they’re all a factor.
“These are all issues, and they’re all constraints,” he said. “When you’re growing at the rate that we are and the scale that we are, how can anything be easy?”
But Huang also pointed to Nvidia’s edge in efficiency: “For any amount of energy that is delivered, our architecture will drive the most revenues.”
U.S. clears Nvidia to sell 35,000 Blackwell chips to Gulf AI firms
While Nvidia’s earnings call was underway, the U.S. Department of Commerce quietly announced it is lifting export controls on advanced chip sales to parts of the Middle East.
The green light allows Nvidia to sell up to 35,000 Blackwell chips to two state-backed AI firms; G42 in Abu Dhabi and Humain in Saudi Arabia. That shipment could be worth around $1 billion, depending on pricing.
“Both companies are receiving approvals to purchase the equivalent of up to 35,000 Nvidia Blackwell chips (GB300s),” the Commerce Department said in a statement.
Jensen Huang says Nvidia won’t hoard cash, growth and CUDA come first
When asked how Nvidia plans to handle the half a trillion dollars in potential future cash flow, Jensen Huang made it clear: the priority is growth, not just buybacks.
He told investors Nvidia will use its balance sheet to scale the business, support its massive supply chain, and keep expanding its ecosystem. “No company has grown at the scale we’re talking about,” Huang said, calling Nvidia’s global logistics network “really resilient.”
Buybacks will continue, but they’re not the focus. Huang emphasized that the company is pouring resources into CUDA, its software platform that underpins most AI development.
“All of the investments we’ve done are about expanding the reach of CUDA, expanding the ecosystem,” he said.
First Blackwell chips made in U.S., but final steps still happen in Taiwan
Colette Kress told investors that Nvidia, alongside TSMC, has officially produced the first Blackwell wafer on U.S. soil, and added that Nvidia will keep expanding U.S. operations over the next four years with partners like Foxconn, Wistron, Amkor, and Spill.
But the U.S.-made chips aren’t ready for deployment just yet. After fabrication in Arizona, the Blackwell wafers still need to be shipped back to Taiwan for advanced packaging, a critical final step before they can hit the market.
Huang pushes back on AI bubble fears, says Nvidia sees no slowdown
Jensen Huang kicked off his segment by brushing off the growing panic about an AI bubble. “We see something very different,” he said, calling Nvidia a full-stack AI company that handles everything from training to inference, not just a chipmaker.
Then he pivoted to the one market that’s nearly vanished: China. Jensen confirmed that Blackwell chips aren’t allowed to ship there, thanks to ongoing U.S. export restrictions aimed at slowing China’s military AI push.
Only the H20 chips are cleared, and even those are getting iced out.
Beijing, no longer thrilled with Nvidia, has started nudging local firms away from buying U.S. AI chips and toward homegrown players like Huawei.
The impact? Huang said Nvidia’s China market share for advanced AI chips is now basically zero, down from 95% in 2022. It’s no longer factored into forecasts, even though that market was once worth around $50 billion.
Kress says 2026 hyperscaler capex now seen hitting $600B, China orders fall short
Colette Kress is still going, and she’s leaning hard into the cloud buildout story. She told investors that analysts are now projecting $600 billion in combined capex from the top cloud giants and hyperscalers in 2026, which is over $200 billion higher than what was expected at the start of the year.
That spike is all about AI infrastructure. And Nvidia clearly wants to be the center of it. Kress keeps repeating that demand is far above what they ever modeled, and that’s before most of the buildout has even begun.
But not everything’s firing. On China, Kress said H20 chip sales, Nvidia’s AI product tailored for Chinese export restrictions, totaled just $50 million this quarter.
That’s nothing compared to what they were hoping for. She admitted that “sizeable orders never materialized” because of geopolitical problems.
Earnings call begins: Kress says demand still “exceeds expectations,” clouds sold out
Colette Kress just opened Nvidia’s earnings call, saying AI infrastructure demand continues to blow past forecasts and confirming again that “the clouds are sold out.”
She emphasized that Nvidia sees itself as the “superior choice” for the $3 to $4 trillion in yearly AI infrastructure spending expected by decade’s end.
On U.S. export bans affecting China, Kress acknowledged frustration, saying, “We were disappointed in the current state that prevents us from shipping more competitive data center compute products to China.” But she added that Nvidia remains committed to working with both governments.
Blackwell Ultra takes the lead as cloud GPUs sell out, gaming and robotics rebound
Colette Kress, Nvidia’s CFO, said the company’s best-selling chip is now Blackwell Ultra, the second-generation version of its Blackwell lineup.
Jensen Huang added that “cloud GPUs are sold out”, directly responding to investor concerns that Nvidia was overloading a few hyperscalers without enough downstream demand.
Gaming revenue came in at $4.3 billion, up 30% from a year ago, showing strength in Nvidia’s original core market. Its pro visualization unit delivered $760 million, up 56%, helped by demand for the DGX Spark, an AI desktop system launched earlier this year.
Nvidia also pointed to robotics and automotive as growth engines, pulling in $592 million last quarter, up 32% from a year ago.
The company returned $12.5 billion through buybacks and paid $243 million in dividends during the quarter.
On the balance sheet, inventory rose to $19.8 billion from $15 billion, as Nvidia ramps up to meet demand for its next-gen Blackwell chips and future architecture rollouts. The company now holds $50.3 billion in supply-related commitments to lock in long lead-time components.
Cloud partnerships are exploding, with multi-year service agreements jumped to $26 billion, more than double the previous $12.6 billion, tied to DGX Cloud and R&D buildout.
Nvidia’s earnings call starts in minutes. Stay with us!
Nvidia’s AI engine prints $31.9B in profit, data center crushes expectations
Nvidia reported $31.91 billion in net income for the quarter, or $1.30 per diluted share, a 65% jump from the $19.31 billion it made a year ago. Profit margins are exploding alongside demand for its GPUs.
The company’s core business, data center sales, brought in $51.2 billion, blowing past the $49.09 billion analysts were expecting. That’s a 66% year-over-year surge, and it’s being driven almost entirely by the hunger for AI infrastructure.
Of that data center haul, $43 billion came from compute, Nvidia’s high-performance GPUs. Another $8.2 billion came from networking gear that connects those chips into massive AI systems.
Nvidia remains the most valuable company on Earth, riding relentless demand from customers like Microsoft, Amazon, Google, Meta, and Oracle.
Nvidia beats the Street, and raises the bar even higher
Nvidia just dropped its fiscal third‑quarter results, and it crushed Wall Street’s expectations on both the top and bottom line.
The company reported $1.30 in adjusted earnings per share, beating the $1.25 estimate. Revenue came in at $57.01 billion, ahead of the $54.92 billion analysts were looking for, according to LSEG.
But the real jolt came from the outlook: Nvidia now expects $65 billion in revenue for the current quarter. That’s way above the Street’s forecast of $61.66 billion, and suggests demand for AI chips is still accelerating.
Trump takes a victory lap as Nvidia countdown begins
Just hours before Jensen Huang steps up to deliver the earnings that could shake every corner of the market, President Trump decided to pour gasoline on an already electric afternoon, dropping three quotes from Jensen that instantly sent traders scrambling to read between every line.
Trump, who has spent the past year hammering “Made in America” into every economic speech, blasted out Jensen’s words like victory banners. First came Jensen’s chest‑puffer:
“As I promised, production of Blackwell has started. AI – invented in America, made in America, built for America and the world.”
Traders barely had time to digest that before the second line landed; Jensen pointing straight at Trump’s trade agenda and saying:
“After less than a year, we’re now manufacturing the most advanced chips for AI here in the US. All of this started with President Trump wanting to re‑industrialize the US. His tariffs were a pressing agent in making this possible.”
Then the third quote:- “We are manufacturing in America because of President Trump.”
Stay tuned!
The AI engine of Wall Street faces its biggest test yet
Wall Street’s staring straight at Nvidia Corp. today, waiting to see if the AI gold rush still has legs, or if the whole thing’s just starting to wobble.
After the bell, Nvidia’s dropping its latest earnings, and everyone from big banks to hedge funds and even TikTok traders wants to know where all this AI money is actually going.
Jensen Huang, Nvidia’s founder and CEO, is expected to show off another monster quarter, with analysts are betting on over 50% growth in both profit and revenue.
Why? Because the biggest names in tech—Satya Nadella at Microsoft, Andy Jassy at Amazon, Sundar Pichai at Google, and Mark Zuckerberg at Meta—are planning to jack up their combined AI spend to a jaw-dropping $440 billion in the next 12 months. And about 40% of Nvidia’s sales come straight from them.
But there’s a big catch. If even one of these giants starts tightening their purse strings, or if Sam Altman’s OpenAI starts facing turbulence, those shiny growth numbers could unravel fast. And that’s what’s got folks on edge. Nvidia is the single largest weight in the S&P 500, so any wobble in Huang’s empire could knock the entire stock market off balance.
Investors have already started flinching. Nvidia’s down more than 12% since peaking four weeks ago, and traders are nervously watching how this earnings call gets interpreted. On paper, strong results should lift spirits. But this isn’t just about raw numbers. What we really want is clarity, as the entire global economy itself is at stake here.
More coming…
What to know
Nvidia beat Q3 FY2026 earnings, posting $1.30 EPS vs. $1.25 expected, and $57.01B in revenue vs. $54.92B estimated (LSEG).
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