NVIDIA CORP (NVDA) Earnings History

NVIDIA CORP - Q3 FY2026 Earnings

Filed at: Nov 19, 2025, 4:20 PM EST|Read from source

EXECUTIVE SUMMARY

NVIDIA reported record-breaking Q3 FY2026 results, driven by exceptional demand for its Data Center products, particularly the Blackwell platform, and strong growth across its AI ecosystem.

POSITIVE HIGHLIGHTS

  • •

    Record revenue of $57.0 billion, up 22% sequentially and 62% year-over-year.

    positive
  • •

    Record Data Center revenue of $51.2 billion, up 25% sequentially and 66% year-over-year.

    positive
  • •

    GAAP gross margin of 73.4% and non-GAAP gross margin of 73.6%.

    positive
  • •

    Diluted EPS of $1.30 (GAAP and non-GAAP), a 67% increase year-over-year on a GAAP basis.

    positive
  • •

    Blackwell sales are 'off the charts' and cloud GPUs are sold out, indicating extreme demand.

    positive

CONCERNS & RISKS

  • •

    Inventories increased significantly from $10.08 billion in January 2025 to $19.78 billion in October 2025, more than doubling in nine months.

    attention
  • •

    Gaming revenue was down 1% from the previous quarter, although up 30% year-over-year.

    attention
  • •

    Automotive revenue was up only 1% from the previous quarter, though up 32% year-over-year.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$57.01B
+62.0%
Prior year: $35.08B
Annual (YTD)
$147.81B
N/A
Prior year: $91.17B
Net Income
Quarterly
$31.91B
+65.3%
Prior year: $19.31B
Annual (YTD)
$77.11B
N/A
Prior year: $50.79B
EPS (Diluted)
Quarterly
$1.30
+66.7%
Prior year: $0.78
Annual (YTD)
$3.14
N/A
Prior year: $2.04
Operating Income
Quarterly
$36.01B
+64.7%
Prior year: $21.87B
Annual (YTD)
$86.09B
N/A
Prior year: $57.42B
EPS (Basic)
Quarterly
$1.31
+65.8%
Prior year: $0.79
Annual (YTD)
$3.16
N/A
Prior year: $2.07

MARGIN ANALYSIS

Gross Margin
Current Quarter
73.4%
Prior Year
74.6%
YoY Change
-120 bps
Operating Margin
Current Quarter
63.2%
Prior Year
62.3%
YoY Change
+90 bps
Net Margin
Current Quarter
56.0%
Prior Year
55.0%
YoY Change
+100 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — Q3 FY2026 2026

VISUAL OVERVIEW

|
Data CenterFASTEST GROWING
90.1%
$51200000.0B
(+66.0% YoY)
GamingFASTEST GROWING
7.6%
$4300000.0B
(+30.0% YoY)
Professional VisualizationFASTEST GROWING
1.3%
$760000.0B
(+56.0% YoY)
Automotive and RoboticsFASTEST GROWING
1.0%
$592000.0B
(+32.0% YoY)

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
Data Center
$51200000.0B—+66.0%90.1%
Gaming
$4300000.0B—+30.0%7.6%
Professional Visualization
$760000.0B—+56.0%1.3%
Automotive and Robotics
$592000.0B—+32.0%1.0%
Total Revenue$56852000.0B——100.0%

Segment performance shows business unit health and growth drivers.

MANAGEMENT GUIDANCE

Q4 FY2026

revenue
$63700000.0B—$66300000.0B
Mid-point: $65000000.0B
gross_margin
74.3%—75.3%
Mid-point: 74.8%

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

Blackwell sales are 'off the charts', and cloud GPUs are sold out, indicating extreme demand.

— NVIDIA CORP, Q3 FY2026 2026 Earnings Call

Compute demand keeps accelerating and compounding across training and inference, each growing exponentially.

— NVIDIA CORP, Q3 FY2026 2026 Earnings Call

NVIDIA has entered the virtuous cycle of AI, with the AI ecosystem scaling fast across more industries and countries.

— NVIDIA CORP, Q3 FY2026 2026 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Blackwell Performance
N/A
10x throughput per megawatt compared with previous generation

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.