Overview

* Nvidia ( NVDA ) Q3 FY26 revenue up 62% yr/yr, beating analysts' expectations

* Adjusted EPS beats analysts' estimates

* Record data center revenue of $51.2 bln, up 66% yr/yr

Outlook

* Nvidia ( NVDA ) expects Q4 revenue of $65.0 bln, plus or minus 2%

* GAAP gross margin for Q4 expected at 74.8%, plus or minus 50 basis points

* Q4 GAAP operating expenses expected to be approximately $6.7 bln

Result Drivers

* AI DEMAND - Compute demand accelerating across training and inference, driven by AI ecosystem expansion, per CEO Jensen Huang

* BLACKWELL SALES - Record sales of Blackwell GPUs and cloud solutions contributed to revenue growth, per CEO Jensen Huang

* DATA CENTER REVENUE - Record data center revenue driven by strategic partnerships and AI infrastructure expansion

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $57.006 $54.92

Revenue bln bln (44

Analysts

)

Q3 Beat $1.30 $1.25

Adjusted (40

EPS Analysts

)

Q3 EPS $1.30

Q3 Net $31.91

Income bln

Q3 Gross 73.40%

Margin

Q3 EBIT $36.01

bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 59 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for NVIDIA Corp ( NVDA ) is $230.00, about 21.1% above its November 18 closing price of $181.36

* The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)