NVIDIA Q3 fiscal 2026 earnings: record revenue on data center demand
NVIDIA posted record quarterly revenue and profit, driven by surging data center chip sales, and guided to even higher sales next quarter.
| Q3 2026 | Reported |
|---|---|
| EPS | $1.30 |
| Revenue | $57.01B |
Figures as reported by the company to the SEC for the quarter ended October 26, 2025. Analyst estimates are not part of a filing, so no comparison to expectations is shown.
Key takeaways
- Revenue for the quarter ended October 26, 2025 was $57.0 billion, up 62% from the same quarter a year earlier and up 22% from the previous quarter — the company’s highest quarterly revenue on record.
- The Data Center segment, which sells the chips used to build and run AI systems, was the main growth engine: it brought in $51.2 billion, up 66% from a year earlier and up 25% from the prior quarter, and now makes up roughly 90% of total sales.
- Gross margin — the share of each sales dollar left after production costs — was about 73-74% for the quarter, and has averaged over 74% for the trailing year, meaning NVIDIA is keeping a very large portion of its revenue as profit before overhead and taxes.
- Profitability over the trailing twelve months has been unusually high: roughly 63 cents of every revenue dollar ultimately became net profit, and earnings per share for that period roughly doubled versus a year earlier.
- For the current quarter, management guided to revenue of about $65 billion, roughly 14% higher than this quarter, and said gross margins should stay in the mid-70% range — signaling it expects demand to keep climbing.
- CEO Jensen Huang said demand for the company’s newest “Blackwell” AI chips is “off the charts” and that cloud providers’ GPU capacity is essentially sold out, pointing to what he called a compounding cycle of AI compute demand across both training and using AI models.
- Huang also pointed to roughly $500 billion in combined orders for the company’s AI chip platforms covering 2025 and 2026, which he tied to three broader shifts he sees driving multi-year data-center spending: moving computing tasks from traditional processors to GPUs, the mainstreaming of generative AI, and the emergence of AI systems that can act autonomously (“agentic AI”).
- Outside of data centers, NVIDIA’s other businesses also grew: Gaming revenue was $4.3 billion (up 30% year over year), Professional Visualization was $760 million (up 56%), Automotive was $592 million (up 32%), and OEM & Other was $174 million (up 79%).
Q3 2026 in context
| Metric | Oct 2025 | Oct 2024 | Change |
|---|---|---|---|
| Revenue | $57.0B | $35.1B | +62.5% |
| Net income | $31.9B | $19.3B | +65.3% |
| Free cash flow | $22.1B | $16.8B | +31.5% |
| Diluted EPS | $1.30 | $0.78 | +66.7% |
| Gross margin | 73.4% | 74.6% | -1.1 pts |
| Operating margin | 63.2% | 62.3% | +0.8 pts |
| Net margin | 56.0% | 55.0% | +0.9 pts |
Figures for the quarter ended Oct 2025 and the quarter ended Oct 2024, as reported to the SEC.
Each company's quarter ending in calendar Q4 '25, as reported to the SEC. A peer that reported no revenue figure for that quarter is left out.
How the stock took it
NVIDIA Corporation closed at $181.36 on Nov 18, 2025, the last session before the report, and at $180.64 on Nov 20, 2025, the first session after it — -0.4% across the report.
Closes from the market's daily record. Each figure spans the report date — from the last session that closed before it to the first that closed after — because a company may report before the open or after the close.
Sources: company report · earnings call