Nvidia 2026 Q3 Earnings Record Net Income Surges 65.3%

Nvidia (NVDA) reported its fiscal 2026 Q3 earnings on Nov 19, 2025, delivering a record net income of $31.91 billion, a 65.3% increase from $19.31 billion in the prior year. The company exceeded revenue expectations with $57.01 billion, a 62.5% year-over-year jump, and raised Q4 guidance to $65 billion, reflecting sustained demand for AI infrastructure.

Revenue

Nvidia’s total revenue surged to $57.01 billion, driven by a 62.5% year-over-year increase. Data Center revenue led the charge, reaching $51.22 billion, fueled by strong demand for Blackwell and cloud GPU sales. Compute revenue totaled $43.03 billion, while Networking contributed $8.19 billion. Gaming revenue grew to $4.26 billion, and Professional Visualization and Automotive segments reported $760 million and $592 million, respectively. OEM and Other revenue added $174 million, completing the diversified performance across all business lines.

Earnings/Net Income

Earnings per share (EPS) rose 65.8% to $1.31, with net income hitting a record $31.91 billion. This marks the highest Q3 net income in over 20 years for Nvidia, underscoring its profitability amid AI-driven growth. The robust performance highlights the company’s ability to capitalize on accelerated computing and generative AI demand.

Price Action

Nvidia’s stock edged up 0.94% during the latest trading day but dropped 3.76% for the week. Month-to-date, it gained 2.12%, reflecting mixed short-term sentiment despite strong earnings.

Post-Earnings Price Action Review

The strategy of buying Nvidia shares on the date of its revenue raise announcement and holding for 30 days delivered cumulative gains of 168.1% over the past three years, far outperforming the S&P 500’s 31.4%. This historical data underscores the potential for leveraging Nvidia’s consistent earnings beats and positive guidance.

CEO Commentary

Jensen Huang emphasized Nvidia’s leadership in accelerated computing, generative AI, and agentic AI, noting that cloud GPUs are “sold out” and Blackwell demand is “off the charts.” He reiterated commitments to expanding the CUDA ecosystem and addressing global AI infrastructure needs, positioning Nvidia as the “superior choice” for multi-trillion-dollar opportunities.

Guidance

Nvidia guided Q4 revenue to $65 billion (±2%), with gross margins expected at 74.8% GAAP and 75% non-GAAP. For FY2027, the company aims to maintain mid-70s gross margins despite rising input costs, while prioritizing innovation and cash flow discipline. Operating expenses are forecast at $6.7 billion GAAP and $5 billion non-GAAP.

Additional News

Nvidia announced a $10 billion strategic partnership with OpenAI to finance 10 gigawatts of AI data-center buildouts, reinforcing its ecosystem leadership. The company also declared a $0.01 per share quarterly dividend, payable on Dec 26. Analysts, including those from JPMorgan and Fubon Securities, upgraded price targets to $215–$250, citing strong Blackwell momentum and AI infrastructure demand.

Nvidia’s strategic investments and ecosystem expansion, coupled with record financial results, position it to lead the AI supercycle. The company’s focus on innovation and global AI adoption underscores its long-term growth trajectory.