Hajra Naz
Nvidia founder and CEO Jensen Huang struck a bullish tone during the company’s third-quarter earnings. And the results give reason for optimism.
Nvidia reported $57 billion in revenue for Q3, up 62% year-over-year. GAAP net income hit $32 billion, a 65% increase from last year. Both revenue and profit beat Wall Street expectations.
The boom is largely driven by Nvidia’s data center business. Data center revenue reached a record $51.2 billion, up 25% from last quarter and 66% from last year.
The remaining $5.8 billion came from gaming, professional visualization, and automotive. Gaming alone contributed $4.2 billion.
CFO Colette Kress said growth in the data center business is fueled by AI acceleration, large language models, and agentic AI applications.
In Q3, Nvidia announced AI infrastructure and factory projects using 5 million GPUs. Kress noted that demand spans cloud service providers, sovereigns, enterprises, supercomputing centers, and more.
The Blackwell Ultra GPU, launched in March, has seen exceptional sales. Earlier Blackwell chips also remain in high demand. Huang said,
“Blackwell sales are off the charts, and cloud GPUs are sold out.”
Huang emphasized that compute demand is compounding across training and inference. “We’ve entered the virtuous cycle of AI. The ecosystem is scaling fast with new foundation model makers, AI startups, and adoption across industries and countries,” he added.
Read More: Trump Says China and Other Nations Can’t Access Nvidia’s Top AI Chips
Kress noted H20 GPU shipments were 50 million, below expectations. Sales were limited due to geopolitical restrictions in China.
“Sizable orders didn’t materialize due to geopolitics and growing competition in China,” Kress said. Nvidia continues engagement with the U.S. and China governments to compete globally.
Looking ahead, Nvidia forecasts $65 billion in revenue for Q4. The projection pushed its stock up more than 4% in after-hours trading.
Huang dismissed AI bubble concerns: “There’s been talk about an AI bubble. From our perspective, we see something very different—there is only growth.”
Trending Keywords: Nvidia Blackwell GPU, AI boom, AI infrastructure, generative AI, data center growth, AI foundation models, GPU demand, AI startups, agentic AI, cloud computing, AI investments, AI ecosystem
FAQs
1. What drove Nvidia’s record Q3 revenue?
Nvidia’s data center business contributed $51.2 billion, fueled by AI acceleration, large language models, and agentic AI applications.
2. How did the Blackwell GPU perform?
Blackwell Ultra sales were “off the charts,” leading cloud GPU demand and outperforming previous generations.
3. Why were H2O GPU shipments lower than expected?
Shipments to China were limited due to geopolitical issues and competition in the market.
4. What is Nvidia forecasting for Q4 2025?
The company projects $65 billion in revenue, signaling continued growth across AI and data center sectors.
5. Does Nvidia see an AI bubble?
CEO Jensen Huang says no. He emphasized that Nvidia is experiencing growth, not a bubble, with AI adoption accelerating globally.
