Nvidia said it earned $19.31 billion within the quarter, greater than double the $9.24 billion it earned within the third quarter last yr. Adjusted for one-time items, the corporate earned $0.81 per share.
Nvidia results highlights
All figures are in US dollars.
- Nvidia (NVDA/NASDAQ): Earnings per share were $0.81 (vs. $0.75 forecast), while revenue was $35.08 billion (vs. $33.16 billion forecast).
Wall Street analysts on Nvidia’s reported earnings
According to FactSet, Wall Street analysts had expected adjusted earnings of $0.75 per share on revenue of $33.17 billion. Investors took the leads to stride, nevertheless, and Nvidia’s soaring shares fell about 1% in after-hours trading. Nvidia Corp. shares are up 195% to this point this yr.
“The age of AI is in full swing, driving a global shift toward Nvidia computing,” said Jensen Huang, founder and CEO of Nvidia a press release.
Nvidia’s data center revenue was $30.8 billion within the third quarter, up 112% yr over yr. This growth was driven by demand for the Hopper computing platform for big language models, suggestion engines and generative AI applications, the corporate said.
Blackwell and Nvidia
Analysts are eyeing Nvidia’s forecast for its Blackwell graphics processor, a next-generation artificial intelligence chip that’s in demand at corporations like OpenAI and others constructing AI data centers.
Nvidia Chief Financial Officer Colette Kress said Blackwell production shipments are expected to start within the fourth quarter of fiscal 2025 and proceed to extend through fiscal 2026. On a conference call Wednesday, Kress told investors that each Hopper GPUs and Blackwell systems “have some supply.” Demand for Blackwell is predicted to exceed supply for several quarters in fiscal 2026.”
“Every customer is fighting to be first to market,” Kress said. “Blackwell is now in the hands of all of our major partners and they are working to bring their data centers into shape.”
The company, considered a frontrunner in AI demand, will deliver “more Blackwell than we previously estimated” this quarter, Huang added.
