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Nvidia Beats Expectations with Strong Q3 Earnings
(MENAFN) US semiconductor leader Nvidia announced on Wednesday that its third-quarter results for fiscal 2026 surpassed analyst predictions, and the company forecasted that sales growth in the fourth quarter would exceed market estimates.
The company's net income surged 65% compared to the same period last year, reaching $31.91 billion, according to Nvidia’s financial disclosure.
Meanwhile, revenue climbed 62%, totaling $57.01 billion for the July-September period.
Diluted earnings per share were $1.30 in the third quarter of fiscal 2026, up from $1.08 in the corresponding quarter of the previous fiscal year.
These financial outcomes exceeded market projections for the quarter.
Looking ahead, Nvidia anticipates generating approximately $65 billion in revenue for the current quarter, which is also higher than analyst expectations.
Nvidia’s data center segment, its core business, posted $51.2 billion in sales during the quarter, significantly surpassing market predictions. Within this division, the "compute," or GPU business, accounted for $43 billion of sales, while networking component sales totaled $8.2 billion.
The company’s gaming segment reported $4.3 billion in revenue, representing a 30% increase from the same period last year.
Additionally, the professional visualization division achieved $760 million in sales, marking a 56% rise compared to the prior-year quarter.
The company's net income surged 65% compared to the same period last year, reaching $31.91 billion, according to Nvidia’s financial disclosure.
Meanwhile, revenue climbed 62%, totaling $57.01 billion for the July-September period.
Diluted earnings per share were $1.30 in the third quarter of fiscal 2026, up from $1.08 in the corresponding quarter of the previous fiscal year.
These financial outcomes exceeded market projections for the quarter.
Looking ahead, Nvidia anticipates generating approximately $65 billion in revenue for the current quarter, which is also higher than analyst expectations.
Nvidia’s data center segment, its core business, posted $51.2 billion in sales during the quarter, significantly surpassing market predictions. Within this division, the "compute," or GPU business, accounted for $43 billion of sales, while networking component sales totaled $8.2 billion.
The company’s gaming segment reported $4.3 billion in revenue, representing a 30% increase from the same period last year.
Additionally, the professional visualization division achieved $760 million in sales, marking a 56% rise compared to the prior-year quarter.
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