Nvidia (NVDA) posted another blockbuster quarter driven by surging demand for generative AI infrastructure.
In a new press release, the chipmaker reports fiscal Q3 2026 revenue of $57 billion compared to estimates of $55 billion, while earnings come in at $1.30 per share versus expectations of $1.26.
Data center sales hit $51.2 billion against $48.6 billion expected. Gross margins held steady at 74%. Nvidia expects fourth-quarter revenue to reach $65 billion versus analyst projections of $62 billion.
CEO Jensen Huang says the AI buildout is accelerating faster than anyone predicted.
“Blackwell sales are off the charts, and cloud GPUs are sold out. Compute demand keeps accelerating and compounding across training and inference, each growing exponentially. We have entered the virtuous cycle of AI. The AI ecosystem is scaling fast with more new foundation model makers, more AI startups, across more industries and in more countries. AI is going everywhere, doing everything, all at once.”
During the firm’s earnings call, Huang highlights that demand for AI from multiple segments of the economy is sky high.
“Whether it is AI natives or enterprise SaaS or industrial AI or startups, we are seeing an enormous amount of interest in AI and demand for AI. Right now, everything is sold out. H100s are sold out. H200s are sold out. Large cloud providers are renting capacity from others. AI startups are scrambling to get capacity to train reasoning models. The demand is really high.
The long-term outlook between where we are today, CapEx has doubled in two years. It is now running about $600 billion a year just in the large hyperscalers. For us to grow into that $600 billion a year, representing a significant part of that CapEx, isn’t unreasonable.”
NVDA surged on the news, up 2.85% following Wednesday’s close at $186.52.
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