NVIDIA's Q3 Revenue Soars 62% Year-on-Year...Record High

Jensen Huang: "Blackwell Sales Are Surging... All Cloud GPUs Sold Out"

Amid concerns about a potential artificial intelligence (AI) bubble, NVIDIA dispelled worries by posting record-breaking results.

On November 19 (local time), NVIDIA announced that its revenue for the third quarter of the fiscal year (August to October) reached $57.006 billion.

NVIDIA logo. Photo by Reuters and Yonhap News

This figure represents a 62% increase compared to the same period last year, surpassing the market forecast of $54.92 billion compiled by market research firm LSEG.

Earnings per share (EPS) also came in at $1.30, higher than the projected $1.25.

Operating profit was $36.001 billion, and net profit was $31.91 billion, both up 65% year-on-year.

By business segment, data center revenue reached an all-time high of $51.215 billion, a 66% increase from the same period last year.

Revenue from the gaming segment was $4.265 billion, down 1% from the previous quarter but up 30% from a year ago.

Professional visualization revenue was $760 million, up 56% year-on-year. Automotive and robotics revenue was $692 million, up 1% from the previous quarter and 32% from the same period last year.

For the fourth quarter, NVIDIA projected revenue of $65 billion (with a margin of error of ±2%), exceeding market expectations.

Jensen Huang, CEO of NVIDIA, stated, "Blackwell sales are rising steeply, and all cloud GPUs are sold out. Demand for computing is increasing exponentially in both training and inference. We have entered a virtuous cycle phase for AI."

This content was produced with the assistance of AI translation services.