Nvidia just delivered another blowout quarter. For fiscal Q3 2026 (ended Oct 26, 2025), the chip giant posted $57.0B in revenue (+22% QoQ / +62% YoY) and $1.30 GAAP and non-GAAP EPS, both comfortably above consensus. Non-GAAP gross margin hit 73.6%, underscoring robust pricing and a rich mix as AI infrastructure demand intensifies.
Key highlights
- Data Center revenue: $51.2B (new record, +25% QoQ / +66% YoY) on relentless GPU demand across hyperscalers, sovereign AI, and enterprise.
- Gaming: $4.3B (-1% QoQ / +30% YoY) as RTX upgrades and AI-PC features offset seasonal softness.
- Professional Visualization & Auto/Robotics: both grew briskly, adding incremental diversification.
- Capital returns: Nvidia continues sizeable buybacks/dividends, with substantial authorization remaining.
Guidance that resets the bar
For Q4 FY2026, Nvidia guides revenue to ~$65B (±2%) and targets ~75% non-GAAP gross margin—a notably stronger outlook than the Street modeled, implying continued acceleration into the Blackwell ramp and networking attach.
Why it matters for the stock
Tonight’s print checks every box: a clean top-line beat, sturdy margins, and a visibility-rich guide. With AI capex still broadening and software/networking leverage kicking in, the near-term debate shifts from “is growth peaking?” to “how high can 2026 run-rate go?”
FAQ
Did Nvidia beat expectations?
Yes—revenue, EPS, and margins all landed ahead of typical pre-print estimates, with Data Center the primary driver.
What stood out most?
The $51B+ Data Center result and a $65B next-quarter guide—both signal sustained, diversified AI demand.
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Any pressure points?
Gaming was flat sequentially, and the bar for execution is now higher; supply cadence and competitive pricing will be watched.
Disclaimer
This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. Past performance is not indicative of future results. Do your own research and consider consulting a licensed financial professional.
