Nvidia (NVDA) shares rose 2.5% in extended trading on Wednesday after the semiconductor giant posted third-quarter results and guidance that were above Wall Street’s forecast amid insatiable demand for artificial intelligence processors.
For the period ending Oct. 26, the Jensen Huang-led company said it earned $1.30 per share as revenue soared 62% year-over-year to come in at $66.01B. Analysts had expected the company to earn $1.26 per share on $55.19B in revenue.
Data center revenue jumped 66% year-over-year, coming in at $51.2B, above the $49.34B estimate. Automotive revenue for the period clocked in at $592M, up 32% year-over-year. Professional visualization revenue rose 56% year-over-year to $760M. Gaming revenue for the period was $4.3B, up 30% year-over-year, but below the $4.42B estimate. Adjusted gross margin came in at 73.6% for the quarter.
“Blackwell sales are off the charts, and cloud GPUs are sold out,” said Jensen Huang, founder and CEO of NVIDIA. “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.”
Looking to the fourth-quarter of fiscal 2026, Nvidia expects to generate $65B in revenue, plus or minus 2%. Analysts were forecasting $61.98B in revenue. GAAP and non-GAAP gross margins are expected to be 74.8% and 75.0%, respectively, plus or minus 50 basis points.
In conjunction with the results, Nvidia said it would pay its quarterly dividend of $0.01 per share to shareholders on Dec. 26, to all shareholders of record on Dec. 4.
The company will host a conference call at 5 p.m. EST to discuss the results.