NVIDIA Corporation (NASDAQ:NVDA) delivered another standout performance, issuing stronger-than-expected guidance after posting fiscal third-quarter results that handily beat Wall Street forecasts. Shares climbed about 3% in late trading as the ongoing AI build-out continued to propel demand for its newest Blackwell processors.
For the quarter ended Oct. 26, Nvidia reported adjusted earnings of $1.30 per share, up from $0.78 a year earlier, alongside revenue of $57.01 billion — a 62% jump from the prior year. Analysts surveyed by Investing.com were looking for earnings of $1.25 per share on revenue of $54.8 billion.
The data center division, which remains Nvidia’s primary growth engine and includes both Blackwell and the earlier Hopper chips, saw revenue surge 66% to $51.22 billion.
“Blackwell sales are off the charts, and cloud GPUs are sold out,” Jensen Huang, founder and CEO of Nvidia, said on Wednesday.
The exceptional Blackwell demand more than made up for weakness in H20 products, which the company noted “were insignificant in the third quarter.” Nvidia’s networking segment — also part of the data center business and a key pillar of its expansion strategy — posted a 162% year-over-year increase.
Nvidia’s gaming unit turned in a solid performance as well, with revenue rising 30% to $4.27 billion.
Gross margin slipped by 1.4 basis points to 73.6%, slightly higher than the 73.4% analysts had expected.
Looking to the current quarter, Nvidia projected revenue of roughly $65 billion, plus or minus 2%, comfortably ahead of the approximately $61.84 billion analysts were anticipating.