Nvidia Q3 Results Beat Forecast; Huang Brags Blackwell Demand Is “Off the Charts”

Nvidia stock jumped as much as 4% after the AI chip leader’s third-quarter results beat analysts’ estimates on both the top and bottom lines and offered a better-than-anticipated outlook, Grace O’Donnell reported for Yahoo Finance.

For Q3, Nvidia posted earnings per share (EPS) of $1.30 on revenue of $57.01 billion. (Photo: NVIDIA Facebook)

“Blackwell sales are off the charts, and cloud GPUs are sold out,” Nvidia CEO Jensen Huang said in a statement. Yahoo Finance’s Daniel Howley reported: “For the fourth quarter, Nvidia projects revenue of $65 billion, plus or minus 2%. Wall Street was expecting revenue of $62 billion.”

For Q3, Nvidia posted earnings per share (EPS) of $1.30 on revenue of $57.01 billion. Analysts had anticipated EPS of $1.26 on revenue of $55.2 billion, according to Bloomberg consensus data.

The company recorded EPS and revenue of $0.81 and $35.1 billion, respectively, in the same period last year. The AI giant’s data center business generated $51.2 billion, compared with estimates of $49.3 billion.

Nvidia’s gaming revenue was $4.3 billion, slightly below the $4.4 billion estimate.